SOUN Stock Alert: SoundHound AI Pays Off Debt Early
SOUNSoundHound AI(SOUN) Investor Place·2024-06-11 00:14

SoundHound AI (NASDAQ:SOUN) stock is getting a boost on Monday after the voice artificial intelligence (AI) solutions company announced the early repayment of its debt!According to SoundHound AI, the company has reached an agreement with its lenders to prepay its remaining debt. That will result in the full repayment of the $100 million that the company owes to lenders.SoundHound AI notes that this allows it to eliminate all of its outstanding debts while also avoiding $55 million in interest and fees. It a ...