Articles tagged “spacs”

Something about a condo hotel operator with a handful of properties seeking a $2.3 billion listing via a SPAC feels a bit ... 2021.

Sonder is on a painful drive to rid itself of bad leases, to renegotiate others, and then it has to restate two years of earnings. This isn't easy stuff.

This is another proof point that much of the SPAC trend of a few years ago was a dud.

Sonder's second notice of potential delisting is for a different reason than the first notice a year earlier. Neither, though, is a good look for the struggling company.

Expedia Group's equity stake in American Express Global Business Travel has taken a shellacking to date, but other aspects of the deal have long-term benefits.

One challenge for struggling travel SPACs beyond their stock prices is to create something new that's truly valuable to their customers. Booking.com did just that years ago, although others have caught up in the interim.

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.

Selina, a hotel and experiences brand focused on youth travelers, said on Wednesday that its financial metrics were trending in the right direction as it reported earnings results.

Selina's stock price stabilized on Monday after a sharp drop to an all-time low on Friday. The chain of premium hostels and coworking spots is taking steps to escape penny-stock status.

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…