Sonder Holdings Faces Nasdaq Compliance Hurdles

An announcement from Sonder Holdings ( (SOND) ) is now available.

Sonder Holdings Inc. has been notified by Nasdaq of non-compliance due to delayed quarterly filings and faces potential delisting. The company has filed its overdue annual report and appealed for a hearing to present its compliance plan, thereby stalling the suspension until at least October 23, 2024. While awaiting a hearing, Sonder has requested a stay on trading suspension and delisting, with a decision expected by October 18. There is no certainty in the outcome of the appeal or the company’s ability to meet Nasdaq’s requirements in the future.

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