Sonder Holdings Inc. entered into two notable financing agreements this year. On August 5, 2025, the company entered into a Note and Warrant Purchase Agreement (2025 NPA) with certain investors, under which it had approximately $24.54 million in principal outstanding as of that date. On the same day, Sonder also entered into a Loan Agreement (2025 Marriott Loan Agreement) with Marriott International, Inc. acting as administrative agent and collateral agent, as well as other lenders, with approximately $5.3 million in principal outstanding as of October 31, 2025. Additionally, the company had an existing Note and Warrant Purchase Agreement from December 10, 2021 (2021 NPA), with about $205.6 million in principal outstanding as of June 30, 2025. Recent bankruptcy proceedings triggered events of default under these agreements, resulting in accelerated obligations and increased interest rates.