Nasdaq Warns Sonder on Financial Filings

Short-term accommodation provider Sonder Holdings acknowledged Friday it had received a "delinquency notice" from Nasdaq regarding its listing. Sonder has yet to file its fourth-quarter and full-year results, and announced March 15 it had "identified accounting errors related to the valuation and impairment of operating lease right of use assets and related items for the fiscal years 2022 and 2023." Sonder has 60 calendar days from the time it received the notice—April 2—to regain compliance with Nasdaq listing rules, Sonder said, although Nasdaq could extend that deadline to Sept. 30. Sonder in a statement said it "intends to submit a compliance plan to Nasdaq and take the necessary steps to regain compliance with Nasdaq’s listing rules as soon as practicable."