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Wednesday, April 27, 2022

Equity Corporate Actions Alert #2022 - 79
Information Regarding the Business Combination of Archimedes Tech SPAC Partners Co. (ATPSU/T/W) and SoundHound Inc.

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  • Industry Announcement

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The business combination of Archimedes Tech SPAC Partners Co. (ATSPU/T/W) and SoundHound Inc. became effective on April 26, 2022. As a result of the business combination, the unit (ATPSU) and subunit (ATPST) will be suspended from trading. The warrant (ATPSW) will change its name, symbol, and CUSIP number and the common stock of the new entity with be added. The warrant and new common stock will be listed on the Nasdaq Global Market. The details are as follows:

Company Name/Issue: Archimedes Tech SPAC Partners Co. Unit
CUSIP#: 039562202
Symbol: ATSPU
Last Trading Date: April 27, 2022
Marketplace Effective Date for Suspension: April 28, 2022
Merger Consideration: Unit will be separated into its componets.
Company Name/Issue: Archimedes Tech SPAC Partners Co. Subunits
CUSIP#: 039562301
Symbol: ATSPT
Last Trading Date: April 27, 2022
Marketplace Effective Date for Suspension: April 28, 2022
Merger Consideration: Subunit will be separated into its components.

The details of the name, symbol, & CUSIP change are follows:

Current Company Name & Issue Type: Archimedes Tech SPAC Partners Co. Warrants
New Company Name & Issue Type: SoundHound AI, Inc. Warrants Expiring April 26, 2027
Current CUSIP: 039562111
New CUSIP: 836100115
Current Symbol: ATSPW
New Symbol: SOUNW
Marketplace Effective Date: April 28, 2022

As a result of the merger, the new Class A common stock will be listed on the Nasdaq Global Market. The details are as follows:

Company Name/Issue: SoundHound AI, Inc. Class A Common Stock
CUSIP#: 836100107
Symbol: SOUN
Marketplace Effective Date: April 28, 2022

If you would like to register as a market maker in SOUN or SOUNW, contact Nasdaq Trading Services at +1 212 231 5100.


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