Sonder Holdings “announced that it will effect a reverse stock split of its common stock at a reverse stock split ratio of 1-for-20, effective as of the close of trading on September 20, 2023, in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rule 5450(a)(1). The Company’s common stock is expected to begin trading on a reverse-split-adjusted basis on Nasdaq as of the open of trading on September 21, 2023 under the existing ticker symbol ‘SOND‘.”
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