LivePerson, Inc. (NASDAQ: LPSN) announced on September 2, 2026, that its stockholders have approved the proposed acquisition by SoundHound AI, Inc. (NASDAQ: SOUN). The approval was secured during a Special Meeting of Stockholders held on September 2, 2026, following an initial meeting on August 20, 2026, which was adjourned to allow for additional proxy solicitation.
A quorum was present at the reconvened meeting, with 6,492,958 shares of common stock represented. The stockholders voted on three proposals outlined in the definitive proxy statement filed with the SEC on July 9, 2026.
- Proposal 1 (Merger Proposal): To adopt the Amended and Restated Merger Agreement dated July 2, 2026. This proposal was approved with 6,339,066 votes in favor, 134,018 against, and 19,874 abstentions.
- Proposal 2 (Non-binding Compensation Advisory Proposal): To approve compensation for named executive officers related to the merger. This proposal passed with 4,535,162 votes in favor, 1,718,785 against, and 236,319 abstentions.
- Proposal 3 (Adjournment Proposal): This was not presented for a vote as the Merger Proposal received sufficient approval.
With the shareholder approval, all conditions precedent to the transaction have been satisfied. The parties expect to consummate the merger on September 4, 2026. The merger consideration will be paid in two forms: 0.4673 shares of SoundHound Class A Common Stock and $3.31 in cash per share of LivePerson common stock.
John Sabino, CEO of LivePerson, stated that the company is pleased with the results and looks forward to joining forces with SoundHound AI to strengthen their position in conversational AI.
