---
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"
generated_at: "2026-05-17T18:10:01.743996+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sonder issues $24.5M in 15% PIK notes + dilutive warrants; terminates SVB credit line

## Summary
- 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.

## SEC filing metadata
- accession: 0001753926-25-001256
- form_type: 8-K
- cik: 0001819395
- company_name: Sonder Holdings Inc.
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-25-001256
- JSON: https://secwatch.observer/filing/0001753926-25-001256.json
- Plain text: https://secwatch.observer/filing/0001753926-25-001256.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $24.540 million
  - Counterparty: certain qualified institutional buyers or accredited investors
  - Rate: 15.0% per annum
  - Maturity: July 4, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1819395/000175392625001256/0001753926-25-001256-index.htm

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