Sonder Holdings Receives Nasdaq Notice for Failing Market Value Requirement

Reuters
Oct 25
Sonder Holdings Receives Nasdaq Notice for Failing Market Value Requirement

Sonder Holdings Inc. announced that it has received a notice from Nasdaq stating the company no longer meets the minimum Market Value of Publicly Held Shares (MVPHS) requirement of 15 million, as outlined in Nasdaq Listing Rule 5450(b)(C)$. The notice follows a review showing that Sonder's MVPHS has been below the threshold for the past 30 consecutive business days. The company now has 180 calendar days, until April 20, 2026, to regain compliance by maintaining an MVPHS of at least $15 million for ten consecutive business days. The notice does not immediately affect the listing or trading of Sonder's common stock or publicly traded warrants on the Nasdaq Global Select Market.

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