Sonder Secures New Funding, Amends Marriott Agreement

Sonder Holdings Inc. (NASDAQ:SOND) shares surged on Friday following the company's announcement of a new financing plan aimed at reinforcing its liquidity and supporting future growth.

On August 5, 2025, the company raised $24.54 million through the issuance of units consisting of senior secured promissory notes and warrants to buy common stock at an exercise price of $1.50 per share.

The notes carry a 15% annual interest rate and mature in July 2026. To finalize aspects of the transaction, Sonder will seek shareholder approval on matters related to the warrant ...