8-K - Sonder Holdings Inc. (0001819395) (Filer)

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Citigroup downgraded Sonder from Buy to Neutral and set a new price target of $4.00

Citigroup initiated coverage of Sonder with a rating of Buy and set a new price target of $7.00

Oppenheimer reiterated coverage of Sonder Holdings with a rating of Outperform and set a new price target of $7.00 from $12.00 previously

JMP Securities reiterated coverage of Sonder Holdings with a rating of Market Outperform and set a new price target of $9.00 from $12.00 previously

Goldman Sachs initiated coverage of Sonder Holdings with a rating of Neutral and set a new price target of $10.00

Oppenheimer initiated coverage of Sonder with a rating of Outperform and set a new price target of $12.00

JMP Securities initiated coverage of Sonder Holdings with a rating of Market Outperform and set a new price target of $12.00

Sonder Holdings Inc. (NASDAQ:SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced the appointment of Tom Buoy as Executive Vice President and Chief Commercial Officer, effective December 11, 2023. Buoy has resigned from Sonder's Board of Directors and transitioned into this newly created position in the company's leadership team. As Executive Vice President and Chief Commercial Officer, Buoy will be responsible for all aspects of revenue generation and strategy, including revenue management, marketing, sales, and distribution. Buoy has over 30 years of experience in the hospitality sector. He was prev

Sonder Holdings Inc. (NASDAQ:SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, announced today the appointment of Adam K. Bowen as Chief Accounting Officer, effective October 9, 2023. Bowen has over 18 years of experience, most recently serving as Vice President & Chief Accounting Officer for BlueLinx Holdings Inc., where he was responsible for the company's record to report functions including consolidations and financial reporting, SEC reporting, corporate tax, financial systems, internal controls, and enterprise risk management. Bowen has also served at companies including Abbott Laboratories, KPMG LLP, and South

Sonder Holdings Inc. (NASDAQ:SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, announced today changes to the company's Board of Directors, including the appointments of Tom Buoy and Simon Turner, effective October 1, 2023. Buoy has over 30 years of experience in the hospitality sector, and is currently President and Chief Executive Officer of his own commercial consulting and advisory business, Revenue Buoy, LLC, specializing in marketing, sales, revenue management, distribution, customer relationship management, commercial strategy, and product design and development. Buoy was previously Interim Chief Executive Of

THORNTON, Colo., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (NASDAQ:SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced the appointment of Katherine Potter as General Counsel, effective September 11, 2023. "Katie brings seasoned executive leadership to the Sonder team. She offers more than two decades of experience advising and leading businesses, in sectors including commercial real estate, health and wellness, and hospitality. With her track record at publicly traded companies and expertise in aligning legal considerations with business objectives, she will be an invaluable addition to S

THORNTON, Colo., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (NASDAQ:SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced the appointment of Chad Fletcher as Vice President of Sales. Fletcher is responsible for Sonder's corporate travel strategy, which includes leading the global B2B sales organization, forging strategic external partnerships, and growing both new and existing customer verticals. Fletcher was previously Vice President, Global Sales, at Choice Hotels International, Inc., and before that held sales leadership positions at Avis Budget Group, Inc., and DHL Group. "I'm thrilled t

Sonder Holdings Inc. (NASDAQ:SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, announced the appointment of Dominique Bourgault as Chief Financial Officer, effective March 6, 2023. Bourgault joins Sonder as the company continues to execute on its Cash Flow Positive Plan to achieve profitability without additional fundraising. "Dominique brings over two decades of finance leadership experience in global growth businesses along with valuable experience in the travel and hospitality industry," said Francis Davidson, Co-Founder and CEO of Sonder. "He has a track record of delivering against ambitious performance targets

New Board members bring extensive life science, financial, investor, and entrepreneurial experience to guide IQHQ's expanding development portfolio IQHQ, Inc., a premier life sciences real estate development company, today announced key additions to its Board of Directors – naming Janice Sears and Anshul Mangal as independent directors. With decades of relevant life science and commercial real estate experience, Sears and Mangal join IQHQ at a critical juncture as the company builds out its development portfolio in San Francisco, San Diego, Boston, and the United Kingdom. "We are pleased to add Janice and Anshul to our esteemed Board of Directors," said Steve Rosetta, CEO of IQHQ. "Janice

Sonder Holdings Inc. (("Sonder, NASDAQ:SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, announced today changes to the Company's Board of Directors, including the appointment of Michelle Frymire. A seasoned travel sector executive, Ms. Frymire has served as Chief Executive Officer of CWT, one of the world's largest travel management platforms providing business travel, meetings, and event management for some of the world's biggest global companies. Prior to serving as CEO, Ms. Frymire was President and CFO, responsible for driving global business strategy and transformation by building an integrated and collaborativ

Tech-enabled, global hospitality company strengthens executive team Sonder Holdings Inc. (NASDAQ:SOND, "Sonder"))), a leading next-generation hospitality company that is redefining the guest experience through technology and design, announced today the appointment of Deeksha Hebbar as Chief Operating Officer, and Chris Berry as Senior Vice President and Chief Accounting Officer. Sonder recently consolidated its operations teams, streamlining frontline market-level operations and its centralized support service operations. In the role of Chief Operating Officer, Hebbar will lead this combined team, overseeing all Sonder operations including turning over units, opening and maintaining prope

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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), 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

SAN FRANCISCO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (NASDAQ:SOND, "Sonder" or the "Company"))) today announced that it has received a letter from the staff of the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that since it remains delinquent in filing its Forms 10-Q for the periods ended March 31 and June 30, 2024 (the "Forms 10-Q"), respectively (the "Delinquent Filings"), the Staff has determined that the Company is non-compliant with Nasdaq Listing Rule 5250(c)(1). Previously, the Staff granted the Company an exception until September 30, 2024, to file all delinquent periodic reports. Additionally, the C

SAN FRANCISCO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (NASDAQ:SOND), 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

SAN FRANCISCO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (NASDAQ:SOND, "Sonder" or the "Company"))) today announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") on August 15, 2024 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "Q2 2024 Form 10-Q"), as described more fully in the Company's Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (the "S

BETHESDA, Md., Aug. 19, 2024 /PRNewswire/ -- Today, Marriott International, Inc. (NASDAQ:MAR) announced a long-term licensing agreement with Sonder Holdings Inc. (NASDAQ:SOND, ", Sonder", ))), which is expected to add over 9,000 rooms to Marriott's portfolio by year-end and approximately 1,500 rooms to its pipeline. Under this agreement, Sonder's open and pipeline portfolio, which primarily consists of apartment-style accommodations in urban markets, is expected to be added to the Marriott system under a new collection called "Sonder by Marriott Bonvoy." With over 9,000 rooms

Strategic agreement expected to deliver significant revenue opportunities and cost efficiencies Sonder also secures approximately $146 million in additional liquidity, including approximately $43 million convertible preferred equity investment to strengthen balance sheet SAN FRANCISCO, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (NASDAQ:SOND), a leading global brand of premium, design-forward apartment-style accommodations serving the modern traveler, today announced that it has entered into a long-term strategic licensing agreement with Marriott International, Inc. (NASDAQ:MAR). Through this strategic agreement, over 9,000 live Sonder units are expected to join the Marriott p

SAN FRANCISCO, June 11, 2024 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (NASDAQ:SOND) ("Sonder" or the "Company"), a leading next-generation hospitality 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 loss

SAN FRANCISCO, May 17, 2024 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (NASDAQ:SOND, "Sonder" or the "Company"))) today announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") on May 16, 2024 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the "Q1 2024 Form 10-Q") and Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Form 10-K"), as described more fully in the Company's Form 12b-

SAN FRANCISCO, April 05, 2024 (GLOBE NEWSWIRE) -- Sonder Holdings Inc. (NASDAQ:SOND, "Sonder" or the "Company"))) today announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") on April 2, 2024 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Form 10-K"), as described more fully in the Company's Form 12b-25 Notification of Late Filing (the "Form 12b-25") filed with the Securities and Exchange Comm

Sonder Holdings Inc. (NASDAQ:SOND, "Sonder" or the "Company"))), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced that it will delay the announcement of its fourth quarter and full year 2023 financial results. The Company recently identified accounting errors related to the valuation and impairment of operating lease right of use assets and related items for the fiscal years 2022 and 2023. The Company requires additional time to restate 2022 and 2023 financial statements ("Affected Financial Statements") for certain previously disclosed periods ("Non-Reliance Periods") as described in the Company's Current

Gainers Kaixin Hldgs (NASDAQ:KXIN) stock moved upwards by 27.5% to $0.18 during Tuesday's regular session. The market value of their outstanding shares is at $10.5 million. E-Home Household Service (NASDAQ:EJH) stock rose 26.01% to $0.56. The company's market cap stands at $9.9 million. Sonder Holdings (NASDAQ:SOND) shares moved upwards by 24.36% to $3.9. The company's market cap stands at $43.2 million. Selina Hospitality (NASDAQ:SLNA) shares moved upwards by 17.62% to $0.08. The company's market cap stands at $40.9 million. Lixiang Education Hldg (NASDAQ:LXEH) stock rose 15.5% to $0.36. The market value of their outstanding shares is at $4.2 million. Allied Gaming (NASDAQ:AGAE) stock

Sonder Holdings Inc. (NASDAQ:SOND) ("Sonder" or the "Company"), a leading next-generation hospitality 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 a

Gainers Faraday Future (NASDAQ:FFIE) stock rose 22.4% to $0.86 during Thursday's pre-market session. The company's market cap stands at $36.8 million. SRIVARU Holding (NASDAQ:SVMH) stock rose 13.39% to $0.14. The market value of their outstanding shares is at $4.4 million. Sonder Holdings (NASDAQ:SOND) stock moved upwards by 11.41% to $4.1. The company's market cap stands at $45.3 million. PetMed Express (NASDAQ:PETS) stock increased by 8.83% to $4.93. The company's market cap stands at $104.2 million. Codere Online Luxembourg (NASDAQ:CDRO) stock moved upwards by 8.09% to $8.08. The company's market cap stands at $366.0 million. As per the press release, Q1 earnings came out yesterday.

- SEC Filing

Gainers Mullen Automotive (NASDAQ:MULN) stock rose 41.9% to $5.91 during Monday's regular session. The market value of their outstanding shares is at $38.7 million. Workhorse Gr (NASDAQ:WKHS) stock increased by 27.18% to $0.2. The company's market cap stands at $64.0 million. Dogness (Intl) (NASDAQ:DOGZ) stock increased by 22.65% to $7.2. The market value of their outstanding shares is at $15.0 million. Connexa Sports Techs (NASDAQ:YYAI) stock increased by 14.03% to $0.78. The company's market cap stands at $144.7 million. Vroom (NASDAQ:VRM) stock moved upwards by 13.53% to $14.58. The market value of their outstanding shares is at $26.1 million. Sonder Holdings (NASDAQ:SOND) stock inc

Gainers ZHONGCHAO (NASDAQ:ZCMD) shares rose 33.1% to $1.93 during Friday's regular session. The company's market cap stands at $4.7 million. Nova Lifestyle (NASDAQ:NVFY) shares moved upwards by 28.43% to $2.71. The company's market cap stands at $6.2 million. The company's, Q4 earnings came out 4 days ago. Boqii Holding (AMEX:BQ) stock moved upwards by 13.2% to $0.3. The market value of their outstanding shares is at $1.3 million. Cheetah Net Supply Chain (NASDAQ:CTNT) stock increased by 12.26% to $1.51. The market value of their outstanding shares is at $28.9 million. Fenbo Holdings (NASDAQ:FEBO) shares rose 9.62% to $9.57. The company's market cap stands at $105.2 million. SharpLink

Gainers Sonder Holdings (NASDAQ:SOND) shares increased by 18.2% to $5.52 during Wednesday's pre-market session. The market value of their outstanding shares is at $61.0 million. Vision Marine (NASDAQ:VMAR) stock rose 16.43% to $0.6. The market value of their outstanding shares is at $7.2 million. As per the news, the Q2 earnings report came out 2 days ago. Children's Place (NASDAQ:PLCE) shares rose 13.92% to $8.1. The company's market cap stands at $101.0 million. Kidpik (NASDAQ:PIK) stock increased by 10.1% to $4.03. The company's market cap stands at $7.8 million. Interactive Strength (NASDAQ:TRNR) stock moved upwards by 5.29% to $0.2. The company's market cap stands at $3.9 million.