After Sonder, Vacasa Receives Notice of Delisting from Nasdaq
Photo Caption: A Vacasa vacation rental in Miramar Beach, Florida. Vacasa received a notice about a potential delisting. Source: Vacasa
Skift Take
Like Sonder, Vacasa is another example of a company that went public way too early via a special purpose acquisition company, or SPAC, merger.
Vacation rental property manager Vacasa received a notice of delisting from Nasdaq because the company failed to satisfy the minimum bid price listing rule as its common stock traded below $1.00 per share for 30 consecutive business days.
This is just days after hospitality company Sonder, which leases buildings and operates hotels, received a similar notice from Nasdaq.
Like Sonder, Vacasa also has a grace period of 180 calendar days (unt
