Sonder Holdings Inc. Provides Update on Preferred Equity Transaction and Announces Executive Leadership Transitions
Sonder Holdings Inc. - Class A (SOND)
Company Research
Source: GlobeNewswire
Preferred Equity Transaction and Previously Announced Actions Will Enhance Liquidity Profile by ~$146 Million to Support Long-Term Profitable Growth Dominique Bourgault and Katie Potter to Step Down from Respective Positions; Search Process Underway to Identify Successors Current on All Financial Reporting Following 2022 and 2023 Restatement; Regains Full Nasdaq Compliance SAN FRANCISCO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (NASDAQ: SOND or “Sonder”), a leading global brand of premium, design-forward apartment-style accommodations serving the modern traveler, today announced that the Company has met all required closing conditions and is actively in the process of completing the convertible preferred equity transaction whereby a consortium of investors purchased approximately $43 million of a newly designated series of convertible preferred equity (the “Preferred Equity”). $14.7 million of the $43 million Preferred Equity was purchased on or about August
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News
- Sonder Holdings Inc. Receives Nasdaq Staff Determination Letter; Has Requested Hearing Before Hearings Panel [Yahoo! Finance]Yahoo! Finance
- Sonder Holdings Inc. Receives Nasdaq Staff Determination Letter; Has Requested Hearing Before Hearings PanelGlobeNewswire
- Sonder Holdings Inc. Announces Results of Special Meeting of ShareholdersGlobeNewswire
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SOND
Sec Filings
- 11/19/24 - Form 8-K
- 11/14/24 - Form SC
- 11/14/24 - Form S-8
- SOND's page on the SEC website