BlackRock reports 8.3% stake in SoundHound AI
BlackRock, Inc. filed an amended Schedule 13G reporting a significant passive ownership stake in SoundHound AI, Inc. Class A stock.
Rhea-AI Filing Summary
BlackRock, Inc. filed an amended Schedule 13G reporting a significant passive ownership stake in SoundHound AI, Inc. Class A stock. BlackRock reports 33,209,578 shares beneficially owned, representing 8.3% of the Class A shares outstanding. It has sole voting power over 32,554,780 shares and sole dispositive power over 33,209,578 shares, with no shared voting or dispositive power. The filing explains that these holdings are attributed to certain business units of BlackRock and that various underlying clients have rights to dividends or sale proceeds, but no individual client holds more than five percent of SoundHound AI’s outstanding common shares.
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Key Figures
Key Terms
beneficially owned financial
sole voting power financial
sole dispositive power financial
Schedule 13G regulatory
parent holding company regulatory
FAQ
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