Sonida Senior Living, Inc. (SNDA) has released an update to notify the public and investors about the unregistered sales of equity securities.
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The report indicates that new shares issued to purchasers will not be registered under the Securities Act immediately, as they are relying on an exemption provided by a specific section of the Act. This approach allows for a more streamlined issuance of shares without the initial need for registration.
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For a comprehensive understanding of the announcement, you can read the full document here.
