LivePerson Urges Shareholders to Back SoundHound Merger Before Deadline

The upcoming special meeting, scheduled for Thursday, August 20, hinges on shareholder approval. Because the transaction requires a majority of all outstanding shares rather than a simple majority of those cast, inaction poses a significant hurdle. Company leadership highlights that proxy advisory firms ISS and Glass Lewis have both recommended a vote in favor, citing the merger as a necessary step to bypass potential insolvency risks and Nasdaq delisting.

Should the deal collapse, LivePerson faces a precarious financial future, including the potential inability to service its $350 million debt load. To facilitate the acquisition, noteholders have agreed to concessions that provide stockholders with shares of SoundHound valued at approximately $3.33 per share. This represents a 22% premium over the company’s 30-day volume-weighted average price recorded prior to the April 21, 2026, announcement. Investors on the Tel Aviv Stock Exchange are subject to earlier submission requirements, with documentation due to Israeli counsel by 7:00 p.m. local time on Wednesday.