- Sonder Holdings Inc. (SOND, Financial) receives a deficiency notification from Nasdaq for delayed filings.
- The company must submit a compliance plan within 60 days from the previous notice dated April 24, 2025.
- Sonder aims to realign with Nasdaq’s listing requirements by October 13, 2025.
Sonder Holdings Inc. (SOND), a leading brand in premium accommodations, has been notified by Nasdaq of a compliance deficiency due to the delayed filing of its Quarterly Report on Form 10-Q for Q1 2025. The company received the notice on May 23, 2025, which follows a previous notice regarding the overdue Annual Report on Form 10-K for the year ending December 31, 2024.
According to Nasdaq's listing rules, Sonder is required to submit a plan to regain compliance within 60 days of the initial notice, received on April 24, 2025. If Nasdaq accepts the plan, an extension until October 13, 2025, may be granted for the company to meet its filing obligations. Sonder is actively working on its compliance plan and intends to submit it to Nasdaq promptly.
The delay in filings has been attributed to ongoing processes regarding the company's accounting and internal control systems. Sonder has reassured stakeholders that efforts are underway to complete the required reports as quickly as possible, though no specific timeline can be guaranteed at this point.
Sonder continues to operate as a global hospitality leader, offering tech-enabled, design-forward stays in strategic locations across over 41 cities and nine countries. The company's commitment to redefining guest experiences remains steadfast, despite current challenges with regulatory compliance.
