Sonder Holdings has become the latest SPAC to announce a reverse split to try to maintain a $1 minimum bid price and stay on Nasdaq. SOND announced a 1 for 20 reverse split, taking effect at the opening of trading tomorrow.
Sonder announced Tuesday that its 1-for-20 reverse stock split would become legally effective after market close Wednesday, and that its shares would start trading on that basis Thursday morning.
Property manager Vacasa announced its intent to conduct a one-for-20 reverse stock split that's geared to get its share price higher than $1 per share and therefore to be continued…
What is a Sonder-managed property these days? It's a very eclectic mix of apartments, hotels and resorts. It's tough to create an identity that way, but the company is betting that such diversity works.
Sonder shareholders will vote in a special meeting September 15 on whether to give the board approval to carry out a reverse stock split — with the split ratio subject…
Is Sonder a short-term rental operator of multi-unit apartments or a hotelier? Well, it's both, and the new collection is geared to help guests discover the difference.