Travel in state Sond

Short-term rental company Sonder disclosed that it lost nearly $80 million more in 2022 than it previously reported.

Sonder gained $10 million in liquidity in a refinancing deal, and announced that it has exited 60 buildings, or 2,300 units, as it seeks to shed underperforming leases.

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.

It’s another setback for short-term rental firm Sonder: The company delayed the release of its fourth-quarter earnings report and said it will have to restate earnings for 2022 and 2023 because of accounting errors.

After receiving a notice from Nasdaq in April that its shares could be delisted because their price had dipped below $1 per share for 30 trading days in a row, Sonder announced it is asking shareholders to approve a reverse stock split.