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Sonder closes SPAC merger to go public
Reading Time: 2 minutesSonder has gone public via a business combination with special purpose acquisition company [SPAC] Gores Metropoulos II.
Sonder moves step closer to January SPAC merger
Reading Time: 2 minutesUS: Next-generation lodging company Sonder has moved a step closer to going public in January after a registration statement was filed in connection with the proposed business combination between Sonder and special purpose acquisition company [SPAC] Gores Metropoulos II. The amended registration statement was filed with the US Securities and Exchange Commission on 20 December […]
Sonder downgrades valuation expectations to $1.9bn for SPAC
Reading Time: 2 minutesUS: San Francisco-based short-term rental lodging startup Sonder is downgrading its valuation estimate from $2.2 billion to $1.925 billion ahead of its proposed merger deal with special purpose acquisition company [SPAC] Gores Metropoulos II due to a “strategic revision of the transaction terms”. Sonder, which announced in April that it was set to go to […]
Sonder to go public via SPAC merger worth $2.2bn
Reading Time: 3 minutesUS: Short-term lodging company Sonder has announced it has entered into a definitive agreement with special purpose acquisition company [SPAC] Gores Metropoulos II, sponsored by an affiliate of The Gores Group, to go public via a merger. The combined technology-driven hospitality company is expected to have a pro forma enterprise value of $2.2 billion and […]
Sonder rumoured to go public with $2.5bn valuation
Reading Time: 2 minutesUS: San Francisco-based unicorn Sonder is reportedly in talks to go public by merging with blank-cheque firm Gores Metropoulos II Inc. [also known as a special purpose acquisition company or SPAC], according to Bloomberg News. According to the report, the short-term lodging startup, which was last valued at around $1.3 billion following a bumper $170 […]