Sonder Holdings Inc.
11/19/2024 | Press release | Distributed by Public on 11/19/2024 15:14
Material Event Form 8 K
Item 8.01 Other Events
On November 14, 2024, Sonder Holdings Inc., a Delaware corporation (the "Company"), completed the issuance and sale of approximately 15.7 million shares (the "Second Tranche") of its Series A Convertible Preferred Stock, par value $0.0001 per share (the "Series A Preferred Stock"), for cash consideration of approximately $15.7 million, in a private placement pursuant to those certain securities purchase agreements with certain qualified institutional buyers or accredited investors that was previously announced in our Current Report on Form 8-K filed with the Securities and Exchange Commission on August 19, 2024 (the "Form 8-K"). Including the Second Tranche, the Company has issued an aggregate of approximately 43.3 million shares of Series A Preferred Stock for aggregate cash consideration of approximately $43.3 million in the private placement.
The rights, preferences and other terms of the Series A Preferred Stock and the full text of the Certificate of Designation governing the Series A Preferred Stock are described in and filed as an exhibit to the Form 8-K and incorporated herein by reference.