Archimedes Tech SPAC Partners Co. (ATSPT) to Combine with SoundHound in $2Bn Deal

Archimedes Tech (NASDAQ:ATSPT) has entered into a definitive agreement to combine with voice AI firm SoundHound at an enterprise value of $2.1 billion, or 18.8x its 2023E revenue. Santa Clara, California-based SoundHound provides AI-powered voice engagement tools for a wide range of companies including car manufacturers and device-makers. The combined company is expected to trade
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