Skift Take
Sonder’s second notice of potential delisting is for a different reason than the first notice a year earlier. Neither, though, is a good look for the struggling company.
Sonder disclosed in a financial filing Friday that it received a Nasdaq notice that it is not complying with the stock exchange’s listing rules and faces a potential delisting because the company hasn’t filed its annual 10-K report for 2023.
Sonder received the notice April 2, and said it has 60 days to submit a plan to regain compliance, and noted that Nasdaq, at its discretion, could extend the deadline 180 days, or until September 30, 2024.
“The Notice has no immediate effect on the listing or trading of the Company’s common stock or publicly traded warrants on the Nasdaq Global Select Market,” Sonder stated.
Companies generally are required to file their 10-Ks within 60 days after…
