NEW YORK, NY - 
(NewMediaWire) - May 10, 2024 - Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) reminds investors that a complaint has been filed on behalf of purchasers or acquirers of Sonder Holdings Inc. (“Sonder” or the “Company”) (NASDAQ: SOND) securities between March 16, 2023 and March 15, 2024 (the “Class Period”). Click Here to Join Investigation.
Deadline Reminder: If you are a member of the proposed Class, you may move the court no later than June 10, 2024 to serve as a lead plaintiff for the purported class. If you have losses, we encourage you to contact us to learn more about the lead plaintiff process.
On March 15, 2024, after the market closed, Sonder issued a press release announcing that the Company “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” and that the Company “requires additional time to restate 2022 and 2023 financial statements.” Additionally, Sonder’s press release states that “[t]he Company expects that the restatements will increase the Company’s overall net loss and loss per share in the impacted periods.”
Following this news, Sonder common stock fell by $2.10 per share, over 38%, to close at $3.40 per share on March 18, 2024, the first trading day following the news.
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If you have any questions about this Notice, your rights, or your interests, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
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Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
