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Stock impact report

Sonder Holdings Inc. Announces Results of Special Meeting of Shareholders

Sonder Holdings Inc. - Class A (SOND) 
Company Research Source: GlobeNewswire
SAN FRANCISCO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (NASDAQ: SOND or the “Company”), a leading global brand of premium, design-forward apartments and intimate boutique hotels serving the modern traveler, today announced that holders of approximately 57% of Sonder’s outstanding shares of common stock voted to approve all proposals at a Special Meeting of Shareholders held on September 30, 2024. As previously announced on August 19, 2024, a consortium of investors committed to purchase approximately $43 million of a newly designated series of convertible preferred equity (the “Preferred Equity”) of Sonder. $14.7 million of the $43 million Preferred Equity was purchased on or about August 13, 2024. The remainder of the Preferred Equity transaction is expected to close in the coming weeks following the filing of Sonder’s quarterly reports on Form 10-Q for the fiscal quarters ended March 31, 2024 and June 30, 2024. “Approval of these proposals represents an important Show less Read more
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