Sonida converts all Series A Preferred into common; extends warrant expiration to Nov 2027

SONIDA SENIOR LIVING, INC.

• All 41,250 Series A Preferred shares converted into 1,601,505 common shares at $32/share (down from $40).
• Warrant expiration extended from Nov 3, 2026 to Nov 3, 2027; covers 1,031,250 warrants.
• Company paid $5.8M to investors, including $1.1M accrued dividends and $4.7M cash consideration.
• Series A Preferred and Series A Junior Participating Preferred eliminated via Certificate of Elimination.
• Special Committee of independent directors approved the transactions.

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