Sonder Holdings Inc. Announces Amendment to Financing Agreement and Provides Update on Portfolio Optimization Program [Yahoo! Finance]
Sonder Holdings Inc. - Class A (SOND)
Company Research
Source: Yahoo! Finance
company that is redefining the guest experience through technology and design, today announced that it has entered into an amendment to its existing note and warrant purchase agreement (the “Financing”) with a syndicate of investors, which provides for, among other things, additional commitments with an aggregate principal amount of $10 million, which will improve the Company's unrestricted liquidity. Update on Portfolio Optimization Program As announced in November 2023, Sonder implemented a portfolio optimization program to mitigate losses related to select underperforming properties and assess the Company's portfolio of rents relative to current operations and the existing market rents. As of June 10, 2024, the Company has signed agreements to exit or reduce rent for approximately 105 buildings (4,300 units), which is expected to lead to estimated annualized run-rate free cash flow improvements of over $40 million. The Company expects termination fees of less than $20 million a
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SOND
News
- Deadline Approaching: The Schall Law Firm Urges Investors Who Have Suffered Losses In Sonder Holdings Inc. To Reach OutAccesswire
- Sonder Holdings Inc. Announces Amendment to Financing Agreement and Provides Update on Portfolio Optimization ProgramGlobeNewswire
- DEADLINE ALERT for SOND, OCGN, VFS, and QDEL: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of ShareholdersGlobeNewswire
- SOND DEADLINE TODAY: ROSEN, THE FIRST FILING FIRM, Encourages Sonder Holdings Inc. Investors to Secure Counsel Before Important June 10 Deadline in Securities Class Action First Filed by the Firm – SONDBusiness Wire
- DEADLINE TODAY: The Schall Law Firm Encourages Investors in Sonder Holdings Inc. with Losses to Contact the FirmBusiness Wire
SOND
Earnings
- 11/14/23 - Miss
SOND
Sec Filings
- 6/11/24 - Form 8-K
- 6/7/24 - Form SC
- 5/17/24 - Form 8-K
- SOND's page on the SEC website