Sonder Holdings (NASDAQ: SOND) loses Nasdaq listing for Class A stock
Rhea-AI Filing Summary
Sonder Holdings Inc. is being removed from listing and registration on the Nasdaq Stock Market LLC for its Class A common stock and warrants under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq certified that it has followed its own rules to strike these securities from listing and/or withdraw their registration, and referenced the applicable SEC rules governing both exchange-initiated and issuer-initiated withdrawal. This means Sonder’s Class A shares and warrants will no longer trade on Nasdaq and will no longer be registered on that exchange platform.
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- None.
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- Sonder Holdings Inc. Class A common stock and warrants are being removed from listing and registration on Nasdaq Stock Market LLC under Section 12(b), eliminating their Nasdaq exchange listing.
Insights
Sonder’s Class A stock and warrants are being delisted from Nasdaq, ending their exchange listing and registration.
The notification states that Nasdaq Stock Market LLC is removing Sonder Holdings Inc. Class A common stock and warrants from listing and registration under Section 12(b) of the Exchange Act. Nasdaq certifies it has complied with its own rules and the SEC’s Rule 12d2-2 framework for striking securities from the exchange.
Delisting typically shifts trading, if any, to less liquid venues such as over-the-counter markets and can reduce visibility and accessibility for many investors. The filing cites both exchange-initiated and issuer-compliance provisions, but does not specify in this excerpt the underlying reason, only that required procedures have been followed.
For investors, the key practical effect is the loss of a Nasdaq listing for Sonder’s Class A shares and warrants. Future company disclosures and subsequent filings would outline how the securities trade after delisting and whether any relisting or other corporate actions are pursued.