NEW YORK, NY / ACCESSWIRE / April 12, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sonder Holdings Inc. ("Sonder" or "the Company") (NASDAQ:SOND). Investors who purchased Sonder securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SOND.
Investigation Details:
On March 15, 2024, following the close of the market, Sonder submitted a Current Report on Form 8-K to the SEC. The report disclosed that the "audited consolidated financial statements for the year ended December 31, 2022" and the unaudited condensed consolidated financial statements included in each of the Company's quarterly reports on Form 10-Q filed with the SEC in 2023, collectively known as the "Affected Financial Statements," should no longer be relied upon due to accounting errors linked to the valuation and impairment of operating lease right of use ("ROU") assets and related items. Additionally, Sonder declared that it will be unable to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the "FY 2023 10-K") and will instead file a notification of late filing on Form 12b-25 with the SEC. Following this news, Sonder stock price dropped $2.10 per share, or 38.2%, to close at $3.40 on March 18, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Sonder securities, you can assist this investigation by visiting the firm's site: bgandg.com/SOND. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC