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PREFERRED STOCK
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
PREFERRED STOCK PREFERRED STOCK
A summary of the Legacy SoundHound Preferred Stock authorized, issued and outstanding as of the date of the Business Combination is as follows:
Shares AuthorizedShares IssuedLiquidation PreferenceCarrying Value
Series A19,106,04819,106,048$28,239 $4,967 
Series B33,702,13433,702,13466,360 11,038 
Series C5,687,5255,687,52538,163 11,837 
Series C-14,436,0904,436,09089,298 16,061 
Series D20,258,29920,258,299527,992 85,648 
Series D-18,418,5358,418,535277,812 49,957 
Series D-28,418,5308,418,530277,811 49,949 
Series D-36,922,1656,922,165276,887 50,046 
Series D-3A20,835,869—— — 
127,785,195106,949,326$1,582,562 $279,503 
Upon the closing of the Business Combination, the outstanding shares of Series A, B, C, C-1, D, D-1, D-2, and D-3 preferred stock were converted into 106,949,326 shares of SoundHound Class A Common Stock at the exchange ratio of 5.5562. Shares Authorized and Shares Issued above have been retroactively adjusted to reflect the exchange. As a result of the conversion of the Legacy SoundHound redeemable convertible preferred stock, the Company reclassified the amount of redeemable convertible preferred stock to additional paid in capital.
Upon the consummation of the Business Combination, the Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share. The number of authorized shares of preferred stock may also be increased or decreased by the affirmative vote of the holders of a majority of the voting power of all the then-outstanding shares of capital stock of the Company entitled to vote thereon, without a separate vote of the holders of preferred stock. Any new series of preferred stock may be designated, fixed and determined as provided by the Board without approval of the holders of common stock or preferred stock. The preferred stock holders have the rights to elect one or more directors as per the Company’s restated certificate of incorporation. The Company has no preferred stock outstanding as of December 31, 2022.