LivePerson Shareholders Approve SoundHound AI Acquisition
LPSN has more than doubled off its 52-week low of $1.4.
Summary
LivePerson stockholders approved the acquisition by SoundHound AI at the reconvened special meeting on September 2, 2026. This follows the August 20 adjournment when the vote fell short of the required threshold, and the subsequent disclosure that over 97% of votes cast favored the deal. The approval clears the final major hurdle for the merger, which had already received all regulatory clearances. LivePerson expects the deal to close on Friday, September 4, 2026, subject to satisfaction or waiver of customary closing conditions. The transaction will convert LivePerson into a wholly owned subsidiary of SoundHound AI. For LPSN shareholders, the deal provides a cash exit at the agreed consideration of 0.4673 SoundHound shares plus $3.31 cash per share, while SOUN gains LivePerson's conversational AI assets.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Final per-share merger consideration is 0.4673 SoundHound shares plus $3.31 cash. Closing expected September 4, 2026.
At the time of this announcement, LPSN was trading at $2.95 on NASDAQ in the Technology sector, with a market capitalization of approximately $36.4M. The 52-week trading range was $1.40 to $15.15. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.