$LPSN

SoundHound AI (NASDAQ:SOUN) and LivePerson (NASDAQ:LPSN) signed an amended and restated merger agreement on July 2, 2026, restructuring their two-step deal. LivePerson will become an indirect wholly owned subsidiary of SoundHound. Terms include stock-based consideration, capped cash for Tel Aviv-listed shares, option and RSU treatment, and a $5 million termination fee. Closing remains subject to approvals and regulatory clearances.

SoundHound AI agreed to acquire LivePerson in an all-stock merger, with LivePerson shareholders receiving SoundHound Class A shares based on a $42.78m consideration divided by SoundHound’s 10-day VWAP, collared at $7–$12. The deal also restructures about $261m secured notes. Closing is expected in 2H 2026, subject to votes and approvals.

LIVEPERSON INC (LPSN) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-2.1 2 d319553dex21.htm EX-2.1 EX-2.1 Exhibit 2.1 Execution Version AMENDED AND RESTATED MERGER AGREEMENT BY AND AMONG SOUNDHOUND AI, INC., LIGHTSPEED MERGER SUB INC., LIGHTSPEED MERGER SUB II INC., AND LIVEPERSON, INC. DATED AS OF JULY 2, 2026 TABLE OF CONTENTS Page ARTICLE 1

Halper Sadeh LLC says it is investigating potential securities-law or fiduciary-duty issues in proposed deals involving AvalonBay (AVB) and Equity Residential (EQR), Axalta (AXTA) and Akzo Nobel (AKZO), and LivePerson (LPSN) and SoundHound AI. The firm cites concerns that insiders could receive better terms and that deal terms may limit competing offers. It notes EQR shareholders would own about 48.8% of the combined company and LivePerson’s equity value is $43 million.

Halper Sadeh LLC said it is investigating potential federal securities law violations and fiduciary-duty breaches involving AvalonBay’s sale to Equity Residential (2.793 EQR shares per AVB share), Equity Residential’s merger with AvalonBay (EQR shareholders to own ~48.8% of the combined company), Axalta’s sale to Akzo Nobel (0.6539 AkzoNobel shares per AXTA share), and LivePerson’s sale to SoundHound AI (equity value $43 million). The firm may seek increased consideration and additional disclosu

John DeNeen Collins, the CFO and COO of LIVEPERSON (LPSN), sold 7,203 shares of common stock for $2.18 per share. This transaction was not a discretionary sale but rather a routine, tax-driven disposition to cover his tax liability from vesting restricted stock units. Following the sale, Collins directly holds 109,724 shares, including 84,053 unvested restricted stock units.

SoundHound AI's stock price declined despite strong first-quarter revenue, possibly due to maintaining its full-year forecast and its intention to acquire LivePerson. The success of this acquisition hinges on SoundHound's ability to effectively cross-sell and leverage value from LivePerson. The article posits that while some see LivePerson as a "money pit," SoundHound views it as a significant revenue generator.

Halper Sadeh LLC, an investor rights law firm, is investigating several companies regarding potential violations of federal securities laws and breaches of fiduciary duties concerning recent transactions. The companies under investigation are TopBuild Corp. (BLD) in its sale to QXO, Inc., Sila Realty Trust, Inc. (SILA) in its sale to Blue Owl Real Estate Capital LLC, QXO, Inc. (QXO) in its merger with TopBuild Corp., and LivePerson, Inc. (LPSN) in its sale to SoundHound AI, Inc. The firm believes insider benefits and terms limiting competing offers might indicate unfair deals for ordinary shareholders.

SoundHound AI (SOUN) stock rebounded after announcing a strategic partnership with LivePerson (NASDAQ:LPSN), which will integrate SoundHound's AI voice assistant into LivePerson's customer engagement platform. This collaboration is expected to expand SoundHound's reach into the Fortune 100 client base and leverage the growing AI market, attracting retail investors. The deal builds on SoundHound's existing success in the automotive sector and is seen as a key step towards broader market penetration for its voice AI technology.

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