secwatch.observer — SEC 8-K summary
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Issuer:     Sonder Holdings Inc. (—)
CIK:        0001819395
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001819395-23-000063
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonder Holdings receives Nasdaq delisting notice for bid price below $1.00
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- Received Nasdaq notice on April 21, 2023 for non-compliance with minimum bid price rule.
- Stock bid price below $1.00 for 30 consecutive business days; no immediate effect on listing.
- Has until October 18, 2023 to regain compliance by maintaining $1.00 closing bid for 10 consecutive days.
- If not compliant by October 18, may transfer to Nasdaq Capital Market for additional 180-day period, subject to conditions.
- Company considering reverse stock split to cure deficiency; no assurance of regaining compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819395/000181939523000063/0001819395-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819395/000181939523000063/son-20230421.htm
  HTML page:      https://secwatch.observer/filing/0001819395-23-000063

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