secwatch.observer — SEC 8-K summary
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Issuer:     SONIDA SENIOR LIVING, INC. (SNDA)
CIK:        0001043000
Form:       8-K
Filed at:   2026-03-11T23:59:59+00:00
Accession:  0001193125-26-102271
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043000/000119312526102271/0001193125-26-102271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043000/000119312526102271/d47498d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-102271

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer