---
schema_version: "secwatch.filing_event.v1"
accession: "0001819395-24-000015"
form_type: "8-K"
ticker: null
cik: "0001819395"
company_name: "Sonder Holdings Inc."
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T17:44:30.493406+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sonder restates 2022-2023 financials on lease ROU impairment errors; delays 10-K

## Summary
- Audit committee determines 2022 annual and 2023 quarterly financials should no longer be relied upon due to lease ROU valuation errors.
- Non-cash impairment charges expected to increase net loss and loss per share for impacted periods; no cash impact.
- Preliminary FY2023 revenue ~$603M; Q4 RevPAR $150, occupancy 82%; free cash flow (ex-restructuring) ~-$119M for FY.
- Company expects Nasdaq notice for late 10-K filing; seeking lender waivers to avoid debt acceleration.
- Cash and equivalents $136.5M at Dec 31, 2023 (incl $40.7M restricted); exploring liquidity improvements after 38% headcount cut.

## SEC filing metadata
- accession: 0001819395-24-000015
- form_type: 8-K
- cik: 0001819395
- company_name: Sonder Holdings Inc.
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.06, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819395/000181939524000015/0001819395-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819395/000181939524000015/son-20240314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819395-24-000015
- JSON: https://secwatch.observer/filing/0001819395-24-000015.json
- Plain text: https://secwatch.observer/filing/0001819395-24-000015.txt

## Key facts
- Earnings Releases
  Sonder Holdings Inc. reported preliminary financial results for fourth quarter and year ended December 31, 2023.
  - Period: fourth quarter and year ended December 31, 2023
  - Result: preliminary results
  source text: On March 15, 2024, Sonder Holdings Inc. (the “Company”) issued a press release announcing certain preliminary financial information for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819395/000181939524000015/0001819395-24-000015-index.htm
- Restructurings & Charges
  Sonder Holdings Inc. announced a impairment affecting operating lease right of use assets and related items.
  - Type: impairment
  - Affected area: operating lease right of use assets and related items
  source text: The Company recently identified accounting errors related to the valuation and impairment of operating lease right of use assets and related items for the fiscal years 2022 and 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819395/000181939524000015/0001819395-24-000015-index.htm

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