Sonder Holdings ( (SOND) ) has released a notification of late filing.
Sonder Holdings Inc. has announced a delay in filing its Annual Report on Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to accounting errors related to the valuation and impairment of operating lease right of use assets, which necessitated a restatement of previous financial statements. The company has completed the restatement and is working on finalizing the 2024 financial statements. Sonder Holdings anticipates filing the report as soon as practicable. Despite the delay, the company does not expect any significant changes in its financial results from the previous year. The company is actively working to comply with Nasdaq’s listing requirements, as it expects to receive a notice of non-compliance due to the late filing. The notification was signed by Rahul Thumati, Interim Chief Accounting Officer, on March 31, 2025.
More about Sonder Holdings
YTD Price Performance: -38.87%
Average Trading Volume: 38,467
Technical Sentiment Signal: Buy
Current Market Cap: $25.14M
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