SOUNDHOUND AI, INC. (SOUN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 11, 2026

Risk Assessment Details

Potential Dilution: 4.3% of current shares
Recent Dilution: 47.61% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
420M
Potential Supply
18M
Additional shares possible
Splits
None
Past 2 years

Summary

SOUN currently has 421M outstanding shares. with limited dilution risk as only 18.1M additional shares (4.3%) are authorized for issuance. The company has significantly diluted shareholders by 47.61% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 11, 2026

10-Q filing | 421.5M shares outstanding

420M 18M
Nov 10, 2025

10-Q filing | 409.8M shares outstanding

410M 18M
Aug 11, 2025

10-Q filing | 400.1M shares outstanding

400M 18M
May 12, 2025

10-Q filing | 393.9M shares outstanding

390M 18M
Mar 11, 2025

10-K filing | 338.5M shares outstanding

340M 18M
Jan 28, 2025

S-3 filing: SoundHound AI, Inc. may offer and sell from time to time, in one or more series, any one of the listed securities for total gross proceeds of up to $500,000,000.

360M 18M
Nov 12, 2024

10-Q filing | 360.4M shares outstanding

360M 18M
Aug 09, 2024

10-Q filing | 331.8M shares outstanding

330M 18M
Aug 08, 2024

8-K filing: SoundHound AI, Inc. acquired Amelia Holdings, Inc. by issuing 13,084,112 shares of its Class A common stock priced at $5.35 per share as part of the upfront consideration and assuming the senior secured term loan facility of Amelia Holdings, Inc. ($70.0M proceeds)

290M 18M
Jun 27, 2024

8-K filing: SoundHound AI, Inc. provided notice for mandatory automatic conversion of Series A Preferred Stock into 2,134,631 shares of Class A common stock, resulting in no shares of Series A Preferred Stock outstanding.

290M 18M
May 10, 2024

10-Q filing | 286.6M shares outstanding

290M 18M
Mar 01, 2024

10-K filing | 273.2M shares outstanding

270M 18M
Nov 15, 2023

10-Q filing | 209.4M shares outstanding

210M 18M
Aug 11, 2023

10-Q filing | 220.8M shares outstanding

220M 18M
Jul 24, 2023

S-3 filing: SoundHound AI, Inc. is filing an S-3 to offer and sell up to $400,000,000 of various securities, including Class A common stock, preferred stock, purchase contracts, subscription rights, depositary shares, and debt securities.

180M 18M
May 26, 2023

POS AM filing: This is a POS AM filing for SoundHound AI, Inc. covering the offer and resale of Class A common stock, shares issuable upon conversion of Class B common stock, unregistered warrants, and Class A shares upon exercise of registered warrants.

180M 18M
May 12, 2023

10-Q filing | 177.2M shares outstanding

180M 22M
Apr 17, 2023

8-K filing: SoundHound AI, Inc. entered into a Senior Secured Term Loan Credit Agreement for up to $100 million and issued a warrant to purchase up to 3,301,536 shares of the Company's Class A common stock to the Agent.

180M 22M
Mar 29, 2023

POS AM filing: This prospectus relates to the potential offer and sale from time to time by CF Principal Investments LLC of up to 14,301,448 shares of Class A common stock of SoundHound AI, Inc. pursuant to a Common Stock Purchase Agreement.

180M 22M
Mar 28, 2023

10-K filing | 180.2M shares outstanding

180M 47M
Feb 14, 2023

S-1/A filing: This S-1/A filing relates to the potential offer and sale of up to 25,250,000 shares of Class A common stock by CF Principal Investments LLC.

160M 47M
Feb 10, 2023

S-1/A filing: This S-1/A filing relates to the potential offer and sale from time to time by CF Principal Investments LLC of up to 25,250,000 shares of Class A common stock of SoundHound AI, Inc., that may be issued by the company to the Holder pursuant to a Common Stock Purchase Agreement.

160M 47M
Jan 24, 2023

8-K filing: SoundHound AI, Inc. issued and sold 835,011 shares of Series A Convertible Preferred Stock for an aggregate issue price of approximately $25 million on or around January 20, 2023. ($25.0M proceeds)

160M 47M
Nov 22, 2022

S-1/A filing: This S-1/A filing relates to the potential offer and sale of up to 25,250,000 shares of Class A common stock by CF Principal Investments LLC.

160M 47M
Nov 14, 2022

10-Q filing | 157.5M shares outstanding

160M 47M
Nov 09, 2022

S-1/A filing: This is an S-1/A filing for SoundHound AI, Inc., indicating an amendment to a previous registration statement and the potential offering of securities on a delayed or continuous basis pursuant to Rule 415.

160M 47M
Oct 27, 2022

S-1/A filing: This S-1/A filing registers shares of Class A Common Stock issuable upon the exercise of outstanding warrants. Up to 3,457,996 shares of Class A Common Stock may be issued at an exercise price of $11.50 per warrant.

160M 47M
Oct 17, 2022

S-1/A filing: This S-1/A filing relates to the potential offer and sale of up to 25,250,000 shares of Class A common stock by CF Principal Investments LLC, including 25,000,000 shares under a Common Stock Purchase Agreement and 250,000 commitment shares.

160M 140M
Sep 19, 2022

S-1 filing: This S-1 filing relates to the potential offer and sale of up to 25,250,000 shares of Class A common stock by CF Principal Investments LLC pursuant to a Common Stock Purchase Agreement.

160M 140M
Aug 17, 2022

8-K filing: SoundHound AI, Inc. entered into a common stock purchase agreement with CF Principal Investments LLC, allowing SoundHound to sell up to 25,000,000 shares of its Class A common stock to CFPI, and issued 250,000 commitment shares to CFPI as consideration for its commitment to purchase shares. ($1.0M proceeds)

160M 120M
Aug 15, 2022

10-Q filing | 162.0M shares outstanding

160M 120M
Jul 13, 2022

S-1/A filing: This S-1/A filing relates to the offer and resale of Class A common stock, Class A Shares issuable upon conversion of Class B common stock, warrants, and Class A Shares upon exercise of warrants by selling securityholders and the company.

160M 120M
May 17, 2022

10-Q filing | 155.7M shares outstanding

160M 120M
May 16, 2022

S-1 filing: This S-1 filing relates to the offer and resale of shares of Class A common stock, shares of Class A common stock issuable upon conversion of shares of Class B common stock, warrants exercisable for Class A common stock, and the issuance of Class A shares upon exercise of outstanding warrants.

17M 120M
Apr 14, 2022

8-K filing: Archimedes Tech SPAC Partners Co. entered into a subscription agreement to sell 200,000 shares of Class A Common Stock at $10.00 per share and an amendment to the lock-up agreement with the chief executive officer of SoundHound, Keyvan Mohajer, to extend the lock-up period applicable to Mr. Mohajer from six months to one year from the date of the closing of the Merger. ($226.0M proceeds)

17M 18M
Mar 09, 2022

10-K filing | 17.5M shares outstanding

17M 18M
Nov 16, 2021

8-K filing: Archimedes Tech SPAC Partners Co. entered into a Merger Agreement with SoundHound, Inc., involving a business combination through the merger of a subsidiary with SoundHound, with SoundHound surviving as a wholly owned subsidiary of Archimedes. ($111.0M proceeds)

17M 18M
Nov 15, 2021

10-Q filing | 17.5M shares outstanding

17M 18M
Aug 27, 2021

10-Q filing | 17.5M shares outstanding

17M 18M
Jul 27, 2021

10-Q filing | 17.5M shares outstanding

17M 18M
Mar 19, 2021

8-K filing: The company consummated its IPO of 12,000,000 units at $10.00 per unit, generating gross proceeds of $120,000,000, completed a private placement of 390,000 units at $10.00 per unit generating gross proceeds of $3,900,000, the underwriters partially exercised the over-allotment option to purchase 1,300,000 Units at $10.00 per unit, generating gross proceeds of $13,000,000 and completed a Private Placement of 26,000 Private Units at $10.00 per Private Unit, generating gross proceeds of $260,000. ($137.66M proceeds)

N/A 18M
Mar 16, 2021

8-K filing: Archimedes Tech SPAC Partners Co. consummated its IPO of 12,000,000 units at $10.00 per unit, generating gross proceeds of $120,000,000, and simultaneously consummated a private placement of 390,000 units with Archimedes Tech SPAC Sponsors LLC and EarlyBirdCapital, Inc., generating total proceeds of $3,900,000. ($123.9M proceeds)

N/A 18M
Mar 08, 2021

S-1/A filing: S-1/A filing for shares of common stock underlying warrants included in the units, subunits, and redeemable warrants. Proposed offering amount is $181,125,000.

N/A 18M
Mar 01, 2021

S-1/A filing: This S-1/A filing registers shares of common stock underlying warrants included in units and subunits, including redeemable warrants, with EarlyBirdCapital, Inc. as the sole book-running manager and I-Bankers Securities, Inc. as the qualified independent underwriter due to a conflict of interest. The total proposed amount is $115,000,000 including over-allotment option.

N/A 12M
Feb 12, 2021

S-1 filing: This S-1 filing includes shares of common stock underlying warrants, subunits consisting of common stock and warrants, and redeemable warrants. The offering involves a potential conflict of interest with EarlyBirdCapital owning more than 10% of the shares.

N/A 10M
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