LivePerson calls August 20 vote on SoundHound AI merger, with board backing the deal
LPSN is trading near its 52-week low of $1.69 (6.5% above the low) on light trading volume (0.3× avg).
Summary
LivePerson's definitive proxy sets August 20, 2026 for the stockholder vote on the SoundHound AI merger. With board approval recommended, the deal remains on track to close in Q3 2026.
Key Events · M&A and Partnerships · LPSN
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Special Meeting Set for August 20, 2026
A virtual special meeting of stockholders will be held on August 20, 2026, to vote on the proposed merger with SoundHound AI. The record date is July 6, 2026.
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Board Unanimously Recommends FOR Merger
The board of directors unanimously recommends that stockholders vote FOR the merger proposal, the non-binding compensation advisory proposal, and the adjournment proposal.
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Merger Consideration Details
Under the amended merger agreement, stockholders (other than TASE shares) will receive SoundHound stock valued at approximately $3.33 per share based on a $42.8 million aggregate consideration, subject to a collar and cash adjustments. TASE shareholders will receive cash capped at $7.5 million.
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Fairness Opinion from Houlihan Lokey
Houlihan Lokey provided a fairness opinion to the board, stating that the merger consideration is fair from a financial point of view to LivePerson stockholders.
Analysis · LPSN · Technology
The definitive proxy statement for the special meeting of stockholders to approve the acquisition by SoundHound AI has been filed. Scheduled for August 20, 2026, with a record date of July 6, 2026, the meeting will see the board unanimously recommend a vote FOR the merger proposal. If approved, LivePerson stockholders would receive SoundHound stock—or cash for TASE shares—in a transaction valued at approximately $42.8 million in aggregate consideration, subject to adjustments. The proxy includes a fairness opinion from Houlihan Lokey, a detailed account of the merger negotiations, and pro forma financials. Closing is expected in the third quarter of 2026, pending stockholder approval and other conditions. This filing marks a critical step toward completing the acquisition, equipping stockholders with the information needed to cast their vote.
At the time of this filing, LPSN was trading at $1.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $22.2M. The 52-week trading range was $1.69 to $21.60. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.