Sonida resolves shareholder lawsuit over preferred conversion via exchange agreement

SONIDA SENIOR LIVING, INC.

Aug 10, 2026: Exchange Agreement with Conversant to moot Smith v. Sonida (1:26-cv-00654-MN) over March 2026 Series A conversion.
Filed certificates of correction nullifying prior Series A amendment/elimination; designated 41,250 shares of new Series B Preferred with $32 conversion price.
Investors surrendered 1,601,505 Subject Shares for Series B, then converted to same 1,601,505 common shares; no cash paid.
Voluntary dismissal of stockholder complaint filed; company reimburses investor expenses up to $300,000.
Company to register resale of common shares on Form S-3 by Aug 28, 2026.

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