---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-102271"
form_type: "8-K"
ticker: "SNDA"
cik: "0001043000"
company_name: "SONIDA SENIOR LIVING, INC."
filed_at: "2026-03-11T23:59:59+00:00"
generated_at: "2026-05-15T14:40:18.134730+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-102271
- form_type: 8-K
- ticker: SNDA
- cik: 0001043000
- company_name: SONIDA SENIOR LIVING, INC.
- filed_at: 2026-03-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043000/000119312526102271/0001193125-26-102271-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043000/000119312526102271/d47498d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-102271
- JSON: https://secwatch.observer/filing/0001193125-26-102271.json
- Plain text: https://secwatch.observer/filing/0001193125-26-102271.txt

## Key facts
- Equity Issuances
  SONIDA SENIOR LIVING, INC. issued 1,031,250 warrants of warrant to Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP.
  - Security: warrant
  - Shares: 1,031,250 warrants
  - Purchaser: Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP
  source text: extend the expiration date of the Warrants from November 3, 2026 to November 3, 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000119312526102271/0001193125-26-102271-index.htm
- Equity Issuances
  SONIDA SENIOR LIVING, INC. issued 41,250 outstanding shares of Series A Convertible Preferred Stock of preferred stock to Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP for reduced conversion price from $40.00 to $32.00 per share of Common Stock.
  - Security: preferred stock
  - Shares: 41,250 outstanding shares of Series A Convertible Preferred Stock
  - Purchaser: Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP
  - Consideration: reduced conversion price from $40.00 to $32.00 per share of Common Stock
  source text: outstanding shares of Series A Convertible Preferred Stock and all of the 1,031,250 warrants to purchase Company common stock, par value $0.01 per share (“Common Stock”), for $40.00 per share (the “Warrants”) issued and outstanding under that certain Warrant Agreement, dated as of November 3, 2021 (the “Warrant Agreement”), by and among the Company,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000119312526102271/0001193125-26-102271-index.htm
- Governance Changes
  SONIDA SENIOR LIVING, INC.: Filed Certificate of Elimination to eliminate Series A Junior Participating Preferred Stock and Series A Convertible Preferred Stock (effective 2026-03-11).
  - Change: charter amendment
  - Effective: 2026-03-11
  source text: the Company filed a Certificate of Elimination (the “Certificate of Elimination”) with the Secretary of State of the State of Delaware effecting the elimination of the Series A Junior Participating Preferred Stock, par value $0.01 per share, and the Series A Convertible Preferred Stock, no shares of either of which were outstanding at the time of filing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000119312526102271/0001193125-26-102271-index.htm
- Governance Changes
  SONIDA SENIOR LIVING, INC.: Amended Certificate of Designation to reduce Conversion Price of Series A Convertible Preferred Stock from $40.00 to $32.00 per share of Common Stock (effective 2026-03-11).
  - Change: charter amendment
  - Effective: 2026-03-11
  source text: the Company filed a Certificate of Amendment to Certificate of Designation, Preferences and Rights of Series A Convertible Preferred Stock Par Value $0.01 per share (the “Certificate of Designation” and such amendment, the “Certificate of Designation Amendment”) on March 11, 2026 with the Secretary of State of the State of Delaware, pursuant to which the Certificate of Designation was amended to reduce the Conversion Price of the Series A Convertible Preferred Stock from $40.00 per share of Common Stock to $32.00 per share of Common Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000119312526102271/0001193125-26-102271-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.