shares of soundhound ai inc were down 14 at 340 in midday trading after a proxy filing was issued monday to notify shareholders that a majority of the companys voting power had consented to the issuance and sale of series a preferred stock and class a common stock the audio and speech recognition companys shares have more than doubled since the start of the year but still have a way to go to climb out of a 544 decline over the last year in the proxy filing the company said it had issued and sold 835011 shares of series a preferred stock for 25 million in late january chief technology officer timothy stonehocker also reported a recent sale of 25000 shares last week