Jul. 28 at 7:09 AM
$SOUN $LPSN The transaction values LivePerson shares at approximately
$3.33 per share based on SoundHound’s stock price as of the April 21, 2026 announcement, a 22% premium over LivePerson’s 30-day VWAP before announcement.The aggregate consideration base is
$42,784,532.64, depending on SoundHound’s 10-day VWAP, bounded between
$7.00 and
$12.00. If SOUN trades above
$12: LPSN holders get a fixed number of shares (ratio capped) — they don’t benefit further from SOUN upside.If SOUN trades below
$7: the ratio is also locked, but this time at the floor — meaning if SOUN keeps falling below
$7, LPSN’s implied deal value falls right along with it, with no further protection. SOUN closed around
$6.44 recently — below the
$7 floor. That means the collar’s downside protection is no longer active, and LPSN’s implied value now moves roughly in step with SOUN’s own stock price.
