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LivePerson Urges Stockholders to Vote "FOR" Acquisition by SoundHound AI Ahead of August 20 Special Meeting

LPSNSOUN
  • LivePerson's Board of Directors, ISS, & Glass Lewis unanimously recommend stockholders vote "FOR" the company's acquisition by SoundHound AI.
  • A Special Meeting of Stockholders to vote on the merger is scheduled for August 20, 2026, at 10:00 a.m. Eastern Time.
  • Stockholders will receive SoundHound common stock representing approximately $3.33 per share, which is a 22% premium over LivePerson's 30-day volume-weighted average price prior to the April 21, 2026 announcement.
  • Tel Aviv Stock Exchange (TASE) shareholders will receive a substantially equivalent value in cash.
  • The combined entity expects a 2027 revenue range of at least $350 million to $400 million, scaling to $500 million based on existing customers.
  • Voting "AGAINST" or failing to vote risks severe standalone issues for LivePerson, including potential delisting from Nasdaq, inability to service substantial debt, & potential reorganization where shareholders may receive no value.
  • Because merger approval requires a majority of all outstanding shares, any unvoted share effectively counts as a vote "AGAINST" the transaction.
  • Votes must be received by 11:59 p.m. Eastern Time on August 19, 2026, via online, phone, or mail.
  • TASE shareholders must deliver an ownership certificate confirming ownership on July 6, 2026, to LivePerson's Israeli counsel.
  • LivePerson faces commercial headwinds, a 22% revenue drop in 2023, & slower-than-expected turnaround progress through 2024 & 2025.
  • The proxy statement/prospectus (Form S-4) was filed with the SEC on July 9, 2026, & contains detailed information regarding the transaction.