Sonendo, Inc. — fact timeline

Sonendo, Inc.: Filed Certificate of Amendment to effect a 1-for-200 reverse stock split of common stock, effective October 18, 2024 (effective 2024-10-18).

“On October 16, 2024, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware to effect a 1-for-200 split of its common stock, par value $0.001 per share (the “Reverse Stock Split”). The Reverse Stock Split became effective as of October 18, 2024 (the “Effective Time”).”

Roy T. Chen resigned as Chief Talent Officer at Sonendo, Inc..

“On August 27, 2024, Roy T. Chen provided notice of his resignation as Chief Talent Officer of Sonendo, Inc. (the “Company”), effective September 6, 2024, to pursue another opportunity.”

John Bostjancic was appointed as Chief Financial Officer at Sonendo, Inc..

“appointed John Bostjancic, age 53, to serve as Chief Financial Officer of the Company, effective June 5, 2024.”

Sonendo, Inc. reported quarter ended March 31, 2024 results: revenue $7.0 million. Guidance raised.

“company and developer of the GentleWave® System, today reported financial results for the first quarter ended March 31, 2024. Recent Highlights • Recorded total revenue of $7.0 million for first quarter of 2024, exceeding previously issued guidance of $6.0 million; ending the quarter with installed base of 1,142 and achieved a healthy console backlog •”

Sonendo, Inc. received a nyse delisting notice notice regarding other.

“April 11, 2024, the Company withdrew its request for an appeal. As a result, the NYSE notified the Company of its intention to apply to the Securities and Exchange Commission for delisting of the Company’s common stock, which will remove the common stock from listing and registration on the NYSE. The Company’s common stock currently trades under the symbol “SONX” on the on the OTCQX, which is operated by OTC Markets Group Inc. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned”

Sadie Stern departed as Director at Sonendo, Inc..

“On April 5, 2024, Ms. Sadie Stern notified the Board of Directors of Sonendo, Inc. (the “Company”) of her intention not to stand for reelection to the Board of Directors of the Company at the expiration of her current term at the 2024 Annual Meeting of Stockholders.”

Chris Guo was appointed as Interim Chief Financial Officer at Sonendo, Inc..

“Chris Guo had been appointed the Company’s Interim Chief Financial Officer (“Interim CFO”) effective as of March 15, 2024.”

Sonendo, Inc. reported the full year 2024 results: revenue $28.0 million to $30.0 million. Guidance initiated.

“The Company expects the full year 2024 total revenue to be in the range of $28.0 million to $30.0 million”

Sonendo, Inc. reported the full year 2023 results: revenue $43.9 million, net income $60.9 million.

“Total revenue was $43.9 million for the full year 2023”

Sonendo, Inc. reported the fourth quarter of 2023 results: revenue $11.7 million, net income $10.9 million.

“Total revenue was $11.7 million for the fourth quarter of 2023”

Sonendo, Inc. reported the quarter and year ended December 31, 2023 results: revenue $43.9 million, net income $60.9 million.

“technology company and developer of the GentleWave® System, today reported financial results for the quarter and year ended December 31, 2023. Highlights • Total revenue of $43.9 million for the full year 2023, representing growth of 5% over the full year 2022 • As of December 31, 2023, the installed base was 1,134 units, representing growth of approximately 16%”

Chris Guo was appointed as Interim Chief Financial Officer at Sonendo, Inc..

“Chris Guo, age 48, the Company’s Vice President Finance and Corporate Controller, has been appointed by the Board of Directors of the Company to serve as Interim Chief Financial Officer from March 15, 2024 until the appointment of Mr. Watts’ successor.”

Michael P. Watts resigned as Chief Financial Officer at Sonendo, Inc..

“On March 4, 2024, Michael P. Watts provided notice of his resignation as Chief Financial Officer of Sonendo, Inc. (the “Company”), effective March 15, 2024, to pursue new opportunities.”

Sonendo, Inc. completed a disposition involving Valsoft Corporation Inc. and Aspire USA LLC for approximately $16.0 million, with $15.0 million paid upon the Effective Date and the balance due in approximately 12 months (closed 2024-03-01).

“On March 1, 2024 (the “Effective Date”), TDO Software, Inc., a California corporation (“TDO”) and a wholly-owned subsidiary of Sonendo, Inc. (the “Company”), entered into an Asset Purchase Agreement (the “Purchase Agreement”) by and among TDO, Valsoft Corporation Inc., a Quebec corporation (“Valsoft”), and Aspire USA LLC, a Delaware limited liability company and affiliate of Valsoft (together with Valsoft, the “Purchasers”), pursuant to which TDO agreed to sell to the Purchasers specified assets relating to the Company’s Software Segment assets comprised of TDO Software, the Company’s end-to-end practice management software for the endodontic industry (the “Business”), and the Purchasers agreed to assume certain liabilities relating to such business (the “Transaction”). As consideration for the Transaction, the Purchasers agreed to pay TDO approximately $16.0 million, with $15.0 million paid upon the Effective Date and the balance due in approximately 12 months pursuant to the terms of”

Sonendo, Inc. amended credit facility with Perceptive Credit Holdings III, LP.

“the Company entered to Amendment No. 3 (the "Amendment") to its Amended and Restated Credit Agreement and Guaranty, dated as of August 23, 2021, by and among the Company, the subsidiary guarantors named therein, the lenders party thereto and Perceptive Credit Holdings III, LP, as amended (the "Credit Agreement"). The Amendment amended the Credit Agreement to include a one-time $15.0 million principal repayment and initiate monthly principal repayments beginning in March 2024 along with modifications to certain other terms including revenue covenants.”

Karen McGinnis resigned as Director at Sonendo, Inc..

“On February 9, 2024, Ms. Karen McGinnis notified the Board of Directors of Sonendo, Inc. (the “Company”) of her intention to resign as a director of the Company and as a member of the Audit Committee and Compensation Committee (the “Committees”), effective as of March 31, 2024.”

Sonendo, Inc. received a nyse delisting notice notice regarding market value (rules 802.01B).

“November 21, 2023, the Company received an additional notice from the NYSE that the Company was not in compliance with the continued listing standard set forth in Section 802.01B because the Company failed to maintain an average global market capitalization over a consecutive 30-day trading period of at least $15,000,000 under Section 802.01B. Accordingly, the NYSE determined to commence proceedings to delist the Common Stock. Trading of the Common Stock will be suspended effective at the opening of business Eastern Standard Time on November 22, 2023. The NYSE will apply to the Securities and”

Sonendo, Inc. received a nyse deficiency notice notice regarding market value (rules 802.01B).

“November 15, 2023, Sonendo, Inc. (the “Company”) received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the Company was not in compliance with the continued listing standard set forth in Section 802.01B of the NYSE’s Listed Company Manual (“Section 802.01B”) because the Company’s average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its stockholders’ equity was less than $50 million. As set forth in the notice, as of November 14, 2023, the 30 trading-day average global market capitalization of t”

Michael Smith resigned as Chief Commercial Officer at Sonendo, Inc..

“On November 17, 2023, Michael Smith, Chief Commercial Officer of the Company, provided notice of his resignation from the Company, effective December 1, 2023, to pursue new opportunities.”

Sonendo, Inc. reported third quarter ended September 30, 2023 results: revenue $10.4 million, net income $17.0 million. Guidance reaffirmed.

“technology company and developer of the GentleWave® System, today reported financial results for the third quarter ended September 30, 2023. Recent Highlights • Total revenue of $10.4 million for the third quarter of 2023, representing growth of 6%, compared to prior year period • Reduced cash burn to approximately $10 million in the third quarter of 2023;”

Sonendo, Inc. reported full year 2023 results: revenue $44.0 million and $46.0 million. Guidance reaffirmed.

“The Company reiterates its full year 2023 guidance of expected revenue between $44.0 million and $46.0 million.”

Sonendo, Inc. reported third quarter ended September 30, 2023 results: revenue approximately $10.4 million. Guidance reaffirmed.

“Total revenue is expected to be approximately $10.4 million for the third quarter 2023.”

Sonendo, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

“September 28, 2023, Sonendo, Inc. (the “Company”) received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the Company was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual (“Section 802.01C”) because the average closing price of the Company’s common stock, par value $0.001 per share (the “Common Stock”), was less than $1.00 per share over a consecutive 30 trading-day period (the “minimum share price requirement”). The Notice has no immediate impact on the listing of the Common Stock on the NYSE, subj”

Sonendo, Inc. reported the quarter ended June 30, 2023 results: revenue $11.0 million, net income $17.7 million. Guidance reaffirmed.

“dental technology company and developer of the GentleWave® System, today reported financial results for the quarter ended June 30, 2023. Recent Highlights • Total revenue of $11.0 million for the second quarter of 2023, representing growth of 5%, compared to prior year period • Procedure instrument revenue of $5.6 million for the second quarter of 2023,”

Sonendo, Inc. shareholders approved Ratification of the Appointment of the Company’s Independent Registered Public Accounting Firm at the 2023-06-16 meeting.

“Proposal 2—Ratification of the Appointment of the Company’s Independent Registered Public Accounting Firm The ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was approved by the following vote: For: 41,595,274 Against: 39,829 Abstained: 1,961 Broker Non-Votes: N/A”

Sonendo, Inc. shareholders approved Election of Class II Directors at the 2023-06-16 meeting.

“Proposal 1—Election of Class II Directors The Class II Director nominees, Bjarne Bergheim, Olav Bergheim and Karen McGinnis were elected to hold office for a three-year term and until their successors are duly elected and qualified by the following vote: Name For Withheld Broker Non-Votes Bjarne Bergheim 23,131,981 9,254,856 9,250,227 Olav Bergheim 22,975,207 9,411,630 9,250,227 Karen McGinnis 21,390,390 10,996,447 9,250,227”

Sonendo, Inc. reported the quarter ended March 31, 2023 results: revenue $10.7 million, net income $15.4 million. Guidance reaffirmed.

“Total Revenue was $10.7 million for the first quarter of 2023, an increase from $9.0 million for the first quarter of 2022. GentleWave console revenue was $2.0 million for the first quarter of 2023 and $2.1 million for the first quarter of 2022. Procedure instrument revenue was $5.7 million, an increase from $4.3 million for the first quarter of 2022. Software revenue was $2.0 million, an increase from $1.8 million for the first quarter of 2022. Gross margin for first quarter of 2023 was 31%, compared to 25% for the first quarter of 2022. Total operating expenses for the first quarter of 2023 were $18.2 million, compared to $16.8 million for the first quarter of 2022. Loss from operations was $14.8 million for the first quarter of 2023, compared to $14.6 million for the first quarter of 2022. Non-GAAP loss from operations was $12.4 million for the first quarter of 2023 compared to $12.8 million for the first quarter of 2022. Non-GAAP loss from operations excludes stock-based compensati”

Andrew Kirkpatrick resigned as Chief Operating Officer at Sonendo, Inc..

“On April 4, 2023, Andrew Kirkpatrick, Chief Operating Officer of Sonendo, Inc. (the “Company”), provided notice of his resignation from the Company, effective June 1, 2023, to pursue new opportunities.”

Sonendo, Inc. reported fourth quarter and full fiscal year ended December 31, 2022 results: revenue Total revenue of $12.2 million for the fourth quarter of 2022, net income Net loss was $10.9 million for the fourth quarter of 2022. Guidance initiated.

“Sonendo Inc. Reports Fourth Quarter and Full Year 2022 Financial Results and Issues Full Year 2023 Revenue Guidance”

Sonendo, Inc. amended credit facility with Perceptive Credit Holdings III, LP.

“On January 13, 2023 (the “Effective Date”), Sonendo, Inc. (the “Company”), entered into Amendment No. 2 (the “Amendment”) to its Amended and Restated Credit Agreement and Guaranty, dated August 23, 2021, by and among the Company, the subsidiary guarantors named therein, the lenders party thereto and Perceptive Credit Holdings III, LP (as amended, the “Credit Agreement”). The Amendment amends the Credit Agreement in order to replace the existing One-Month Term LIBOR benchmark interest rate with a One-Month Term SOFR benchmark interest rate (as defined in the Amendment) and make certain other conforming changes.”

Sonendo, Inc. amended Amended and Restated Credit Agreement and Guaranty with Perceptive Credit Holdings III, LP valued at Amendment replaced existing One-Month Term LIBOR benchmark interest rate with One-Month Term SOFR be (effective 2023-01-13).

“On January 13, 2023 (the “Effective Date”), Sonendo, Inc. (the “Company”), entered into Amendment No. 2 (the “Amendment”) to its Amended and Restated Credit Agreement and Guaranty, dated August 23, 2021, by and among the Company, the subsidiary guarantors named therein, the lenders party thereto and Perceptive Credit Holdings III, LP (as amended, the “Credit Agreement”).”

Sonendo, Inc. reported fiscal year 2022 results: revenue $40.5 million to $42.5 million. Guidance reaffirmed.

“the Company expects full year 2022 total revenue to be in the range of $40.5 million to $42.5 million”

Sonendo, Inc. reported full year 2022 results: revenue $40.5 million to $42.5 million. Guidance reaffirmed.

“The Company expects full year 2022 total revenue to be in the range of $40.5 million to $42.5 million, representing annual growth between 22% and 28%.”

Sonendo, Inc. reported third quarter ended September 30, 2022 results: revenue $9.8 million, net income $15.5 million net loss. Guidance reaffirmed.

“Total revenue was $9.8 million in the third quarter of 2022, an increase from $7.9 million in the third quarter of 2021.”

Mehrzad Khakpour resigned as Chief Technology Officer at Sonendo, Inc..

“On June 15, 2022, Mehrzad Khakpour, PhD submitted his resignation as Chief Technology Officer of the Company.”

Jacqueline Collins resigned as Vice President, General Counsel at Sonendo, Inc..

“On June 13, 2022, Jacqueline Collins submitted her resignation as Vice President, General Counsel of Sonendo, Inc. (the "Company").”

Raj Pudipeddi was appointed as Class I Director at Sonendo, Inc..

“the Board of Directors (the “ Board ”) of Sonendo, Inc., a Delaware corporation (the “ Company ”) increased the size of the Board from eight (8) directors to nine (9) directors and appointed Raj Pudipeddi as a new Class I member of the Board.”