Press release
Investigation announced for Investors who lost money with shares of Sonder Holdings Inc. (NASDAQ: SOND)
An investigation on behalf of investors in Sonder Holdings Inc. (NASDAQ: SOND) shares over potential wrongdoing at Sonder Holdings
Investors who purchased shares of Sonder Holdings Inc. (NASDAQ: SOND) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Sonder Holdings Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Francisco, CA based Sonder Holdings Inc. engages in the hospitality business.
On March 15, 2024, Sonder announced it "recently 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. The Company requires additional time to restate 2022 and 2023 financial statements," further stating "expects that the restatements will increase the Company's overall net loss and loss per share in the impacted periods."
Shares of Sonder Holdings Inc. (NASDAQ: SOND) declined from $7.49 per share in February 2024 to $2.93 per share on March 19, 2024.
Those who purchased shares of Sonder Holdings Inc. (NASDAQ: SOND) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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