{"schema_version":"secwatch.filing_event.v1","accession":"0001753926-25-001256","form_type":"8-K","ticker":null,"cik":"0001819395","company_name":"Sonder Holdings Inc.","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.115634+00:00","generated_at":"2026-05-17T18:10:01.743996+00:00","sec_items":["1.01","1.02","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sonder issues $24.5M in 15% PIK notes + dilutive warrants; terminates SVB credit line","bullets":["Issued $24.54M in units: senior secured notes (15% PIK, due 7/4/2026) + warrants for 21.2M shares at $1.50.","Warrants exercisable for 4 years after stockholder approval; if approval not obtained, certain conditions apply.","Also entered loan agreement with Marriott: Lender Notes replace fees, same maturity, prime+3% PIK.","Terminated existing SVB credit facility; event of default if fails to raise $32.5M by Nov 15, 2025.","Voting support agreement from majority shareholders to approve Nasdaq proposal and increase authorized shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001753926-25-001256","json":"https://secwatch.observer/filing/0001753926-25-001256.json","markdown":"https://secwatch.observer/filing/0001753926-25-001256.md","text":"https://secwatch.observer/filing/0001753926-25-001256.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819395/000175392625001256/0001753926-25-001256-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819395/000175392625001256/g084909_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T18:10:01.743996+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5b838c5fb2eeeaacc6ec01819e3633fdc5c39f2f","claim":"Sonder Holdings Inc. incurred senior notes of $24.540 million with certain qualified institutional buyers or accredited investors at 15.0% per annum maturing July 4, 2026.","evidence_excerpt":"On August 5, 2025, Sonder Holdings Inc. (the “Company”) entered into a Note and Warrant Purchase Agreement (the “Purchase Agreement”), with certain qualified institutional buyers or accredited investors (each a “Purchaser” and, collectively, the “Purchasers”), certain of whom are holders of shares of the Company’s Series A Preferred Stock, whereby the Company issued and sold $24.540 million of units (the “Units”), each comprised of (i) a senior secured promissory note (the “Investor Notes”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819395/000175392625001256/0001753926-25-001256-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$24.540 million"},{"label":"Counterparty","value":"certain qualified institutional buyers or accredited investors"},{"label":"Rate","value":"15.0% per annum"},{"label":"Maturity","value":"July 4, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}