secwatch.observer — SEC 8-K summary
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Issuer:     Sonder Holdings Inc. (—)
CIK:        0001819395
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0001819395-23-000141
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 3.03, 5.03, 5.07, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonder Holdings announces 1-for-20 reverse stock split to regain Nasdaq $1 bid compliance
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- Reverse split effective after close Sep 20; trading on split-adjusted basis starts Sep 21 under ticker SOND.
- Authorized common shares reduced from 400M to 20M; special voting common from 40M to 2M.
- Stockholders approved split at Sep 15 special meeting: 124.1M for, 401.7K against.
- Warrants adjusted: every 20 warrants now exercisable for one share at $230.00 (20x $11.50).
- Action cures Nasdaq minimum bid price deficiency; stock was trading below $1.00.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819395/000181939523000141/0001819395-23-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819395/000181939523000141/son-20230915.htm
  HTML page:      https://secwatch.observer/filing/0001819395-23-000141

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer