Sonder Holdings Inc. Receives Nasdaq Staff Determination Letter; Has Requested Hearing Before Hearings Panel

Core Viewpoint - Sonder Holdings Inc. is facing potential delisting from Nasdaq due to delinquent filings of Forms 10-Q for the periods ended March 31 and June 30, 2024, and must appeal by October 8, 2024, to avoid suspension of trading [1][2] Group 1: Company Compliance and Filings - The company has received a notification from Nasdaq regarding noncompliance with Listing Rule 5250(c)(1) due to delinquent filings [1] - Sonder has filed its 2023 Form 10-K on September 27, 2024, and is now compliant regarding that report [1] - The company intends to file the Forms 10-Q within the next 30-45 days [2] Group 2: Appeal and Hearing Process - On October 2, 2024, the company submitted an appeal to Nasdaq requesting a hearing to present its compliance plan [2] - The appeal automatically suspends any potential delisting until at least October 23, 2024 [2] - A decision from the Hearings Panel regarding the company's request for continued listing will be communicated by October 18, 2024 [2] Group 3: Company Overview - Sonder is a global brand offering premium, design-forward apartments and boutique hotels, launched in 2014 [3] - The company operates in over 40 markets across ten countries and three continents, providing tech-enabled services for modern travelers [3]