secwatch.observer — SEC 8-K summary
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Issuer:     SONIDA SENIOR LIVING, INC. (SNDA)
CIK:        0001043000
Form:       8-K
Filed at:   2026-08-10T21:16:05+00:00
Accession:  0001193125-26-342676
Event type: litigation
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonida resolves shareholder lawsuit over preferred conversion via exchange agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043000/000119312526342676/0001193125-26-342676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043000/000119312526342676/d160599d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-342676

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