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NEWS TODAY
Sonder Holdings Inc. Provides Update on Preferred Equity Transaction and Announces Executive Leadership Transitions
Sonder Holdings (NASDAQ: SOND) announced progress on its convertible preferred equity transaction, with $27.5 million of the total $43 million already purchased and the remainder expected soon. Combined with previous balance sheet actions, this will enhance liquidity by approximately $146 million.
The company also announced key executive departures: CFO Dominique Bourgault (effective Dec 2), Chief Accounting Officer Adam Bowen (effective Dec 31), and Chief Legal Officer Katherine Potter (effective Nov 22). A search for a new CFO is underway, while Vanessa Barmack will serve as interim General Counsel.
Sonder has completed the first phase of its Marriott International integration and is now current on all financial reporting, regaining full Nasdaq compliance.
The company also announced key executive departures: CFO Dominique Bourgault (effective Dec 2), Chief Accounting Officer Adam Bowen (effective Dec 31), and Chief Legal Officer Katherine Potter (effective Nov 22). A search for a new CFO is underway, while Vanessa Barmack will serve as interim General Counsel.
Sonder has completed the first phase of its Marriott International integration and is now current on all financial reporting, regaining full Nasdaq compliance.
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