Announcement • Nov 15
Sonder Holdings Inc. Filed for Bankruptcy Sonder Holdings Inc. along with its nine affiliates, filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Delaware on November 14, 2025. The debtor listed both its assets and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Laura Davis Jones of Pachulski, Stang, Ziehl & Jones LLP as its legal counsel. Ricardo Palacio has been appointed as the case trustee. Announcement • Nov 11
Sonder Holdings Inc. to Complete Immediate Wind-Down of Operations Sonder Holdings Inc. announced that it will complete winding down operations immediately and expects to initiate a Chapter 7 liquidation of its U.S. business. The Company also intends to initiate insolvency proceedings in the international countries in which it operates. Sonder has faced severe financial constraints arising from, among other things, prolonged challenges in the integration of the Company’s systems and booking arrangements with Marriott International. On Sunday, November 9, 2025, Marriott International announced that it terminated its licensing agreement with Sonder, deeming it no longer in effect. The Company made comprehensive efforts to evaluate all financing and other strategic alternatives, including a sale of its business and operations, to improve its financial condition. As part of those efforts, the Company engaged numerous strategic and financial parties but ultimately was unable to execute a viable going concern transaction for its business and operations or obtain additional liquidity. In light of these unsuccessful efforts and the Company’s financial condition, the Board of Directors made the difficult decision to wind-down operations and pursue a court-supervised liquidation of the U.S. business immediately. Additional information regarding the court proceedings and wind-down, including the status of the Company’s operations outside the U.S., will be made available by the Chapter 7 Trustee or the Company's international subsidiaries in due course. Announcement • Oct 25
Sonder Holdings Receives Non-Compliance Notice from Nasdaq On October 21, 2025, Sonder Holdings Inc. received a notice from The Nasdaq Stock Market LLC notifying the Company that, based upon Nasdaq’s review of the Company’s Market Value of Publicly Held Shares (“MVPHS”) for the last thirty (30) consecutive business days prior to the date of the Notice, the Company no longer meets the requirements of Nasdaq Listing Rule 5450(b)(3)(C) (the “Listing Rule”), which requires listed securities to maintain a minimum MVPHS of $15,000,000. The Notice stated that the Company had 180 calendar days, or until April 20, 2026, to regain compliance with the Listing Rule by maintaining a MVPHS of $15,000,000 for a minimum of ten (10) consecutive business days. 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. 
