regulatory
confidence high
sentiment negative
materiality 0.65
Sonder Holdings Inc.: Nasdaq/NYSE listing notice — Sonder receives Nasdaq deficiency notice for late 2024 10-K filing
Sonder Holdings Inc.
- Nasdaq notified Sonder on April 24, 2025 for non-compliance with Listing Rule 5250(c)(1) due to delayed 2024 Form 10-K.
- Company has 60 days to submit a compliance plan; Nasdaq may grant up to 180 days (to Oct 13, 2025) to regain compliance.
- No immediate impact on listing or trading of SOND common stock or SONDW warrants.
- Sonder cites need for additional time to complete accounting and internal control processes as reason for delay.
- Company intends to file the 2024 Form 10-K as soon as practicable and submit a compliance plan.