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LivePerson Adjourns Stockholder Meeting on SoundHound Merger

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LivePerson (LPSN) said Thursday its special meeting of stockholders was convened and immediately adjourned to Sept. 2.

The company said more than 97% of shares voting to date were in favor of its merger with SoundHound AI (SOUN), based on preliminary results, but the transaction requires approval from a majority of all outstanding shares.

LivePerson said it is only a few percentage points short of reaching the required threshold and urged stockholders who have not voted to do so.

Shares of LivePerson were down 4% in Thursday trading.

Price: $2.77, Change: $-0.12, Percent Change: -3.99%

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