SEC Filing Summary
Registrant: Archimedes Tech SPAC Partners Co. The filing metadata references SoundHound AI, Inc., but the provided Form 8-K identifies Archimedes Tech SPAC Partners Co. as the registrant.
Reporting date: August 26, 2021; filed August 30, 2021. The filing concerns compliance with Nasdaq listing requirements and does not report operating or financial results.
Business Context and Reporting Period
The company received a Nasdaq notice on August 26, 2021, stating that it was not compliant with Nasdaq Marketplace Rule 5250(c)(1) because it had not timely filed its Form 10-Q for the quarter ended June 30, 2021.
Financial and Liquidity Metrics
- Revenue, profit, cash flow, margins, debt, liquidity, and other financial metrics are not provided in the 8-K text.
- The referenced Form 10-Q for the quarter ended June 30, 2021 was filed on August 27, 2021, but its financial results are not included in the provided text.
Material Changes and Listing Status
- The Nasdaq notice had no immediate impact on the listing or trading of the company’s securities.
- The company stated that its securities would continue to trade on Nasdaq, subject to continued compliance with Nasdaq requirements.
- After filing the overdue Form 10-Q on August 27, 2021, the company believed it had returned to compliance with the Nasdaq Listing Rules.
Guidance, Outlook, Risks, and Unusual Items
- No financial guidance or operating outlook was provided.
- The primary disclosed risk was potential continued noncompliance with Nasdaq listing requirements if reporting obligations were not satisfied.
- The company issued a press release on August 30, 2021, attached as Exhibit 99.1, announcing receipt of the Nasdaq notice.
Investor Verification Points
- Verify the company identity and transaction context because the supplied metadata names SoundHound AI, Inc., while the filing names Archimedes Tech SPAC Partners Co.
- Review the June 30, 2021 Form 10-Q for the company’s actual revenue, losses, cash position, liabilities, and liquidity.
- Confirm whether Nasdaq formally acknowledged restoration of compliance and whether any additional listing conditions applied.
- Review Exhibit 99.1 for management’s full discussion of the Nasdaq notice.