XML 78 R58.htm IDEA: XBRL DOCUMENT v3.22.2.2
Warrants (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2011
Sep. 30, 2010
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2020
Dec. 31, 2021
Jun. 14, 2021
Warrants (Details) [Line Items]              
Fair value of warrants (in Dollars)     $ 2,316       $ 1,527
Public warrants description       Each Public Warrant entitles the holder to the right to purchase one share of common stock at an exercise price of $11.50 per share. No fractional shares were issued upon exercise of the Public Warrants. The Company may redeem the outstanding warrants, for $0.01 per warrant, upon not less than 30 days’ prior written notice of redemption given after the warrants become exercisable, if the reported last sale price of the common stock equals or exceeds $18.00 per share (as adjusted for stock dividends, sub-divisions, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing after the warrants become exercisable and ending on the third trading day before the Company sends the notice of redemption to the warrant holders. Upon issuance of a redemption notice by the Company, the warrant holders may, at any time after the redemption notice, exercise the Public Warrants for cash, or on a cashless basis.      
Warrant [Member]              
Warrants (Details) [Line Items]              
Share price (in Dollars per share)           $ 20.37  
Fair value of warrants (in Dollars)     $ 2,300       $ 1,500
Public Warrants [Member]              
Warrants (Details) [Line Items]              
Warrants issued and outstanding       3,457,996      
Private Warrants [Member]              
Warrants (Details) [Line Items]              
Warrants issued and outstanding       208,000      
Series B Preferred Stock [Member]              
Warrants (Details) [Line Items]              
Issued detachable warrants 25,394 76,180          
Share price (in Dollars per share)           $ 1.97  
Warrant term     10 years   10 years    
Series C Warrants [Member]              
Warrants (Details) [Line Items]              
Warrants description       In connection with the issuance of the April 2013 Note and November 2013 Note, the Company issued detachable warrants to purchase 248,408 and 496,827 shares of Legacy SoundHound Series C Preferred Stock (“Series C Warrants”), respectively, at $1.21 per share to the lenders, which were immediately exercisable. In December 2021, all outstanding 745,235 shares of warrants related to April 2013 Note and November 2013 were net exercised, leading to a net issuance of 645,356 shares of Legacy SoundHound Series C Preferred Stock. As of September 30, 2022 and December 31, 2021, the fair value of the warrant liability was $0.   In connection with the issuance of the April 2013 Note and November 2013 Note, the Company issued detachable warrants to purchase 44,708 and 89,418 shares of Series C Preferred Stock (“Series C Warrants”), respectively, at $6.71 per share to the lenders, which were immediately exercisable. In December 2021, all outstanding 134,126 shares of warrants related to April 2013 Note and November 2013 were net exercised, leading to a net issuance of 116,150 shares of Series C Preferred Stock. This resulted into $3,812 recorded as other expense, net within the consolidated statements of operations and comprehensive loss for the change in the fair value of the warrant liability immediately before exercise. As of December 31, 2021 and 2020, the fair value of the warrant liability was $0 and $2,004, respectively.  
Class A Common Stock [Member]              
Warrants (Details) [Line Items]              
Net issuance of shares       673,416      
Legacy Sound Hound [Member]              
Warrants (Details) [Line Items]              
Exercise price per share (in Dollars per share)       $ 3.67      
SVB March 2021 Note [Member]              
Warrants (Details) [Line Items]              
Number of common stock purchase by warrants           127,570  
SVB March 2021 Note [Member] | Legacy Sound Hound [Member]              
Warrants (Details) [Line Items]              
Number of common stock purchase by warrants       708,808      
SCI June 2021 Note [Member]              
Warrants (Details) [Line Items]              
Number of common stock purchase by warrants           63,785  
SCI June 2021 Note [Member] | Legacy Sound Hound [Member]              
Warrants (Details) [Line Items]              
Number of common stock purchase by warrants       354,404