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.
Sonder tips
skift.com
25.08.2023
Sonder Sets Shareholder Meeting to Approve Stock Split to Stay on Nasdaq
Sonder shareholders will vote in a special meeting September 15 on whether to give the board approval to carry out a reverse stock split — with the split ratio subject to the board’s discretion.
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