- Sonder Holdings Inc. (SOND, Financial) received a deficiency notice from Nasdaq due to delayed filing of its 2024 Annual Report.
- The company has 60 days to submit a compliance plan; Nasdaq may extend the deadline up to October 13, 2025.
- Sonder is working diligently to address the delay and ensure compliance with Nasdaq's listing rules.
Sonder Holdings Inc. (SOND), a notable player in the global lodging sector, has announced that it received a deficiency notification from the Nasdaq Stock Market. The notice, issued on April 24, 2025, highlights the company's non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K for the year ended December 31, 2024.
The company has attributed the delay to ongoing efforts in completing its customary accounting and internal control procedures, as outlined in its Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (SEC) on March 31, 2025.
In response to the notification, Sonder has a 60-day window to submit a detailed plan to Nasdaq, outlining its strategy to regain compliance with the listing rules. Should the plan be accepted, Nasdaq may provide Sonder with a timeframe extending to October 13, 2025, to rectify the filing issues and meet compliance requirements.
Sonder remains focused on expediting the completion and filing of the 2024 Form 10-K, expressing its commitment to adhere to Nasdaq's listing rules and emphasizing its intention to resolve the matter at the earliest possible date.
As a leading brand in the hospitality industry, Sonder provides premium, design-forward accommodations and innovative, tech-enabled services across over 40 markets globally.
