Sonida Senior Living, Inc. (SNDA) has released an update to notify the public and investors about the unregistered sales of equity securities.
The report indicates that new shares issued to purchasers will not be registered under the Securities Act immediately, as they are relying on an exemption provided by a specific section of the Act. This approach allows for a more streamlined issuance of shares without the initial need for registration.
For further insights into SNDA stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
