The voice intraction technology provider, which counts a host of corporates among its investors, will get a Nasdaq listing through the transaction.
SoundHound, a US-based voice intelligence software provider backed by corporates Tencent, Daimler, Hyundai, Midea Group, Orange, Sompo, Samsung, Nvidia and Recruit, has agreed to list through a reverse takeover.
The deal will involve SoundHound joining forces with Archimedes Tech SPAC Partners Co, a special purpose acquisition company that floated on the Nasdaq Capital Market in a $120m initial public offering in March this year, at a $2.1bn pro forma valuation.
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