Welcome to our dedicated page for Sonder Holdings news (Ticker: $SOND), a resource for investors and traders seeking the latest updates and insights on Sonder Holdings stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sonder Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sonder Holdings's position in the market.
Rhea-AI Summary
Sonder Holdings Inc. (NASDAQ: SOND) received a deficiency notification from Nasdaq due to the delayed filing of its 2023 Form 10-K. The company has 60 days to submit a compliance plan and could be granted an extension of up to 180 days to regain compliance. Sonder intends to work diligently to file the 2023 Form 10-K as soon as possible.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.49%
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Rhea-AI Summary
Sonder Holdings Inc. (NASDAQ: SOND) announces a delay in releasing its fourth quarter and full year 2023 financial results due to accounting errors. The company identified errors related to the valuation and impairment of operating lease right of use assets for fiscal years 2022 and 2023. The restatements are expected to increase the net loss and loss per share for the impacted periods. Sonder also provided estimated financial highlights for the fourth quarter and full year 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-38.18%
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News
Rhea-AI Summary
Sonder Holdings Inc. (NASDAQ: SOND) appoints Tom Buoy as Executive Vice President and Chief Commercial Officer, bringing over 30 years of experience in the hospitality sector. Buoy's role will encompass revenue generation and strategy, including revenue management, marketing, sales, and distribution.
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End-of-Day
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Sonder Holdings Inc. (NASDAQ: SOND) announced equity inducement grants of stock options for 121 newly hired employees under the 2023 Inducement Equity Incentive Plan. The grants included stock options for the Chief Accounting Officer. The options have an exercise price of $3.40 per share, a ten-year term, and vest over four years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.9%
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Rhea-AI Summary
Sonder Holdings Inc. (NASDAQ: SOND) announced its third quarter 2023 financial results, available in a Shareholder Letter on the company's website. A webcast will be hosted to discuss the financial and business results and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.26%
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Rhea-AI Summary
Sonder Holdings Inc. (NASDAQ: SOND) announces the release of its third quarter 2023 financial results on November 14, 2023. The company will host a conference call and webcast to discuss its financial and business results and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.01%
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Sonder Holdings Inc. is launching three new properties in Southern California, including two office-to-hotel conversions in Downtown Los Angeles and a renovated hotel in Laguna Beach.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
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Rhea-AI Summary
Sonder Holdings Inc. appoints Adam K. Bowen as Chief Accounting Officer, strengthening its leadership team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.51%
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Rhea-AI Summary
Sonder Holdings Inc. announces changes to its Board of Directors, appointing Tom Buoy and Simon Turner effective October 1, 2023. Buoy has over 30 years of experience in the hospitality sector, while Turner has over 35 years of experience in the hospitality and real estate sectors. Gilda Perez-Alvarado will be stepping down from the Board. The new directors bring deep expertise in executive leadership, operations, revenue generation, and real estate. Sonder aims to achieve sustainable cash flow positivity as part of its mission to revolutionize hospitality.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.81%
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Sonder Holdings Inc. will effect a reverse stock split of its common stock at a ratio of 1-for-20 to regain compliance with Nasdaq's bid price requirement. The stock is expected to begin trading on a reverse-split-adjusted basis on September 21, 2023. The total number of authorized shares of common stock will be reduced from 400,000,000 to 20,000,000. Any fractional shares will be paid out in cash. Proportional adjustments will be made to outstanding warrants, stock options, and equity awards. The exercise price for publicly traded warrants will be adjusted to $230.00 per share. The reverse stock split will also affect Sonder Canada Inc.'s exchangeable preferred shares on a 1-for-20 basis. Registered stockholders do not need to take any action.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1778.82%
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Sonder Holdings Inc.
Nasdaq:SOND
SOND Rankings
SOND Stock Data
45.70M
8.01M
2.62%
41.01%
6.75%
Travel Agencies
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United States of America
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