Sonder Holdings Receives Nasdaq Staff Determination Letter; Has Requested Hearing Before Hearings Panel
Portfolio Pulse from Benzinga Newsdesk
Sonder Holdings Inc. has received a Nasdaq Staff Determination Letter due to delinquent filings of its Forms 10-Q for Q1 and Q2 2024. The company risks suspension and delisting from Nasdaq unless it appeals by October 8, 2024.
October 07, 2024 | 8:19 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Sonder Holdings is at risk of being delisted from Nasdaq due to non-compliance with filing requirements. The company has until October 8, 2024, to appeal and request a hearing.
Sonder Holdings has not filed its Q1 and Q2 2024 Forms 10-Q, leading to a Nasdaq non-compliance notice. This regulatory issue could result in suspension and delisting, negatively impacting stock price. The company has a short window to appeal, adding uncertainty.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100