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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 10-K/A
(Amendment No. 1)
___________________________________
(Mark One)
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||
For the fiscal year ended December 31 , 2024
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||
For the transition period from ________ to ________
Commission file number 001-39907
___________________________________
(Exact name of registrant as specified in its charter)
___________________________________
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||
(Address of Principal Executive Offices) | (Zip Code) | |||||||
Registrant's telephone number, including area code
___________________________________
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x
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Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes o No x
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes o No x
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer | o | Accelerated filer | o | ||||||||
x | Smaller reporting company | ||||||||||
Emerging growth company | |||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. o
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. x
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No x
The aggregate market value of voting and non-voting common equity of the registrant held by non-affiliates as of June 30, 2024 was $48.5 million. The registrant had outstanding 13,308,481 shares of common stock as of July 7, 2025.
DOCUMENTS INCORPORATED BY REFERENCE
None.
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EXPLANATORY NOTE
On July 23, 2025, Sonder Holdings Inc. (the “Company”) filed with the Securities and Exchange Commission its Annual Report on Form 10-K for the year ended December 31, 2024 (the “Original Form 10-K”).
This Amendment No. 1 to Form 10-K (“Amendment”) of the Company is being filed solely to amend Item 15(a)(3) and Exhibit 23.1 to include an updated consent of Deloitte & Touche LLP, the Company’s independent registered public accounting firm, to include references to certain registration statements of the Company which were inadvertently omitted from the original consent filed.
This Amendment should be read in conjunction with the Original Form 10-K and includes only the portions of the Company’s Annual Report on Form 10-K being supplemented or amended by this Form 10-K/A. Other than as described in this explanatory note, this Amendment does not change any of the financial or other information set forth in the Original Form 10-K or the exhibits thereto. This Amendment does not reflect events that may have occurred subsequent to the filing of the Original Form 10-K.
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PART IV
Item 15. Exhibits and Financial Statement Schedules
(a) Exhibits: The exhibits listed in the accompanying index to the exhibits are filed or incorporated by reference as part of this Annual Report on Form 10-K.
| Incorporated by Reference | ||||||||||||||||||||||||||||||||||||||
| Exhibit No. | Exhibit | Form | File No. | Exhibit No. | Filing Date | Filed or Furnished Herewith | ||||||||||||||||||||||||||||||||
| 2.1 | 8-K | 001-39907 | 2.1 | April 30, 2021 | ||||||||||||||||||||||||||||||||||
| 2.2 | 8-K | 001-39907 | 2.1 | October 28, 2021 | ||||||||||||||||||||||||||||||||||
| 3.1 | 8-K | 001-39907 | 3.1 | January 24, 2022 | ||||||||||||||||||||||||||||||||||
3.2 | 8-K | 001-39907 | 3.1 | September 19, 2023 | ||||||||||||||||||||||||||||||||||
| 3.3 | 8-K | 001-39907 | 3.1 | October 1, 2024 | ||||||||||||||||||||||||||||||||||
| 3.4 | 8-K | 001-39907 | 3.1 | December 30, 2024 | ||||||||||||||||||||||||||||||||||
| 3.5 | 8-K | 001-39907 | 3.1 | June 11, 2025 | ||||||||||||||||||||||||||||||||||
| 3.6 | 8-K | 001-39907 | 3.1 | August 19, 2024 | ||||||||||||||||||||||||||||||||||
| 3.7 | 8-K | 001-39907 | 3.1 | April 14, 2025 | ||||||||||||||||||||||||||||||||||
| 3.8 | 8-K | 001-39907 | 3.1 | November 30, 2022 | ||||||||||||||||||||||||||||||||||
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| Incorporated by Reference | ||||||||||||||||||||||||||||||||||||||
| Exhibit No. | Exhibit | Form | File No. | Exhibit No. | Filing Date | Filed or Furnished Herewith | ||||||||||||||||||||||||||||||||
| 4.1 | 8-K | 001-39907 | 4.1 | January 24, 2022 | ||||||||||||||||||||||||||||||||||
| 4.2 | S-1 | 333-251663 | 4.3 | December 23, 2020 | ||||||||||||||||||||||||||||||||||
| 4.3 | 8-K | 001-39907 | 4.1 | January 25, 2021 | ||||||||||||||||||||||||||||||||||
| 4.4 | S-1 | 333-262438 | 4.4 | January 31, 2022 | ||||||||||||||||||||||||||||||||||
| 4.5 | 8-K | 001-39907 | 10.3 | June 11, 2024 | ||||||||||||||||||||||||||||||||||
| 4.6 | 8-K | 001-39907 | 4.1 | December 30, 2024 | ||||||||||||||||||||||||||||||||||
| 4.7* | 8-K | 001-39907 | 4.1 | April 14, 2025 | ||||||||||||||||||||||||||||||||||
| 4.8 | 10-K | 001-39907 | 4.8 | July 23, 2025 | ||||||||||||||||||||||||||||||||||
| 10.1 | 8-K | 001-39907 | 10.1 | April 30, 2021 | ||||||||||||||||||||||||||||||||||
| 10.2 | 8-K | 001-39907 | 10.1 | October 28, 2021 | ||||||||||||||||||||||||||||||||||
| 10.3 | 8-K | 001-39907 | 10.2 | October 28, 2021 | ||||||||||||||||||||||||||||||||||
| 10.4 | 8-K | 001-39907 | 10.4 | January 24, 2022 | ||||||||||||||||||||||||||||||||||
10.5# | S-4 | 333-257726 | 10.4 | July 7, 2021 | ||||||||||||||||||||||||||||||||||
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| Incorporated by Reference | ||||||||||||||||||||||||||||||||||||||
| Exhibit No. | Exhibit | Form | File No. | Exhibit No. | Filing Date | Filed or Furnished Herewith | ||||||||||||||||||||||||||||||||
10.6# | 8-K | 001-39907 | 10.7 | January 24, 2022 | ||||||||||||||||||||||||||||||||||
10.7# | S-4/A | 333-257726 | 10.8 | December 13, 2021 | ||||||||||||||||||||||||||||||||||
| 10.8# | 8-K | 001-39907 | 10.1 | December 30, 2024 | ||||||||||||||||||||||||||||||||||
10.8# | 8-K | 001-39907 | 10.9 | January 24, 2022 | ||||||||||||||||||||||||||||||||||
10.9# | 8-K | 001-39907 | 10.10 | January 24, 2022 | ||||||||||||||||||||||||||||||||||
| 10.10#* | 10-K | 001-39907 | 10.10 | July 23, 2025 | ||||||||||||||||||||||||||||||||||
| 10.11# | 8-K | 001-39907 | 10.11 | January 24, 2022 | ||||||||||||||||||||||||||||||||||
| 10.12# | 8-K | 001-39907 | 10.12 | January 24, 2022 | ||||||||||||||||||||||||||||||||||
| 10.13# | 8-K | 001-39907 | 10.13 | January 24, 2022 | ||||||||||||||||||||||||||||||||||
| 10.14# | 8-K | 001-39907 | 10.1 | January 24, 2023 | ||||||||||||||||||||||||||||||||||
| 10.15# | 8-K | 001-39907 | 10.1 | August 24, 2023 | ||||||||||||||||||||||||||||||||||
| 10.16# | 8-K | 001-39907 | 10.2 | January 24, 2023 | ||||||||||||||||||||||||||||||||||
| 10.17# | 8-K | 001-39907 | 10.3 | January 24, 2023 | ||||||||||||||||||||||||||||||||||
| 10.18# | S-4/A | 333-257726 | 10.7 | October 18, 2021 | ||||||||||||||||||||||||||||||||||
| 10.19# | 8-K | 001-39907 | 10.1 | September 12, 2023 | ||||||||||||||||||||||||||||||||||
| 10.20# | S-4/A | 333-257726 | 10.9 | November 26, 2021 | ||||||||||||||||||||||||||||||||||
| 10.21# | S-4/A | 333-257726 | 10.11 | September 17, 2021 | ||||||||||||||||||||||||||||||||||
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| Incorporated by Reference | ||||||||||||||||||||||||||||||||||||||
| Exhibit No. | Exhibit | Form | File No. | Exhibit No. | Filing Date | Filed or Furnished Herewith | ||||||||||||||||||||||||||||||||
| 10.22# | 10-Q | 001-39907 | 10.1 | May 10, 2023 | ||||||||||||||||||||||||||||||||||
| 10.23# | 8-K | 001-39907 | 10.23 | January 24, 2022 | ||||||||||||||||||||||||||||||||||
| 10.24# | 10-K | 001-39907 | 10.24 | July 23, 2025 | ||||||||||||||||||||||||||||||||||
| 10.25# | 10-K | 001-39907 | 10.25 | July 23, 2025 | ||||||||||||||||||||||||||||||||||
| 10.26# | 10-K | 001-39907 | 10.26 | July 23, 2025 | ||||||||||||||||||||||||||||||||||
| 10.27# | 8-K | 001-39907 | 10.28 | January 24, 2022 | ||||||||||||||||||||||||||||||||||
| 10.28 | S-4/A | 333-257726 | 10.17 | December 13, 2021 | ||||||||||||||||||||||||||||||||||
| 10.29 | 10-K | 001-39907 | 10.29 | March 16, 2023 | ||||||||||||||||||||||||||||||||||
| 10.30 | 8-K | 001-39907 | 10.2 | November 9, 2023 | ||||||||||||||||||||||||||||||||||
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| Incorporated by Reference | ||||||||||||||||||||||||||||||||||||||
| Exhibit No. | Exhibit | Form | File No. | Exhibit No. | Filing Date | Filed or Furnished Herewith | ||||||||||||||||||||||||||||||||
| 10.31 | 8-K | 001-39907 | 10.1 | June 11, 2024 | ||||||||||||||||||||||||||||||||||
| 10.32 | 8-K | 001-39907 | 10.1 | July 15, 2024 | ||||||||||||||||||||||||||||||||||
| 10.33 | 8-K | 001-39907 | 10.1 | August 19, 2024 | ||||||||||||||||||||||||||||||||||
| 10.34 | 8-K | 001-39907 | 10.3 | April 14, 2025 | ||||||||||||||||||||||||||||||||||
| 10.35 | 10-K | 001-39907 | 10.30 | March 16, 2023 | ||||||||||||||||||||||||||||||||||
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| Incorporated by Reference | ||||||||||||||||||||||||||||||||||||||
| Exhibit No. | Exhibit | Form | File No. | Exhibit No. | Filing Date | Filed or Furnished Herewith | ||||||||||||||||||||||||||||||||
| 10.36 | 8-K | 001-39907 | 10.1 | May 3, 2023 | ||||||||||||||||||||||||||||||||||
| 10.37 | 8-K | 001-39907 | 10.1 | November 9, 2023 | ||||||||||||||||||||||||||||||||||
| 10.38 | 8-K | 001-39907 | 10.2 | June 11, 2024 | ||||||||||||||||||||||||||||||||||
| 10.39 | 8-K | 001-39907 | 10.2 | July 15, 2024 | ||||||||||||||||||||||||||||||||||
| 10.40 | 8-K | 001-39907 | 10.2 | August 19, 2024 | ||||||||||||||||||||||||||||||||||
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| Incorporated by Reference | ||||||||||||||||||||||||||||||||||||||
| Exhibit No. | Exhibit | Form | File No. | Exhibit No. | Filing Date | Filed or Furnished Herewith | ||||||||||||||||||||||||||||||||
| 10.41 | 10-K | 001-39907 | 10.32 | September 26, 2024 | ||||||||||||||||||||||||||||||||||
| 10.42 | 8-K | 001-39907 | 10.3 | October 29, 2024 | ||||||||||||||||||||||||||||||||||
| 10.43* | 8-K | 001-39907 | 10.4 | April 14, 2025 | ||||||||||||||||||||||||||||||||||
| 10.44 | 10-Q | 001-39907 | 10.1 | August 19, 2024 | ||||||||||||||||||||||||||||||||||
| 10.45* | 8-K | 001-39907 | 10.1 | April 14, 2025 | ||||||||||||||||||||||||||||||||||
| 10.46 | 8-K | 001-39907 | 10.2 | April 14, 2025 | ||||||||||||||||||||||||||||||||||
| 10.47* | 8-K | 001-39907 | 10.1 | October 29, 2024 | ||||||||||||||||||||||||||||||||||
| 10.48 | 8-K | 001-39907 | 10.2 | October 29, 2024 | ||||||||||||||||||||||||||||||||||
| 10.49*+ | 8-K | 001-39907 | 10.5 | August 19, 2024 | ||||||||||||||||||||||||||||||||||
| 19.1 | 10-K | 001-39907 | 19.1 | July 23, 2025 | ||||||||||||||||||||||||||||||||||
| 21.1 | 10-K | 001-39907 | 21.1 | July 23, 2025 | ||||||||||||||||||||||||||||||||||
| 23.1 | X | |||||||||||||||||||||||||||||||||||||
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| Incorporated by Reference | ||||||||||||||||||||||||||||||||||||||
| Exhibit No. | Exhibit | Form | File No. | Exhibit No. | Filing Date | Filed or Furnished Herewith | ||||||||||||||||||||||||||||||||
| 31.1 | 10-K | 001-39907 | 31.1 | July 23, 2025 | ||||||||||||||||||||||||||||||||||
| 31.2 | 10-K | 001-39907 | 31.2 | July 23, 2025 | ||||||||||||||||||||||||||||||||||
| 31.3 | X | |||||||||||||||||||||||||||||||||||||
| 31.4 | X | |||||||||||||||||||||||||||||||||||||
| 32.1** | 10-K | 001-39907 | 32.1 | July 23, 2025 | ||||||||||||||||||||||||||||||||||
| 32.2** | 10-K | 001-39907 | 32.2 | July 23, 2025 | ||||||||||||||||||||||||||||||||||
97.1 | 10-K | 001-39907 | 97.1 | September 27, 2024 | ||||||||||||||||||||||||||||||||||
| 101.INS | Inline XBRL Instance Document | |||||||||||||||||||||||||||||||||||||
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document | |||||||||||||||||||||||||||||||||||||
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | |||||||||||||||||||||||||||||||||||||
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| Incorporated by Reference | ||||||||||||||||||||||||||||||||||||||
| Exhibit No. | Exhibit | Form | File No. | Exhibit No. | Filing Date | Filed or Furnished Herewith | ||||||||||||||||||||||||||||||||
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | |||||||||||||||||||||||||||||||||||||
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | |||||||||||||||||||||||||||||||||||||
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | |||||||||||||||||||||||||||||||||||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | |||||||||||||||||||||||||||||||||||||
_____________
# Indicates management contract or compensatory plan or arrangement.
* Certain information in the exhibits of schedules this agreement have been omitted pursuant to Item 601 of Regulation S-K. A copy of any omitted schedule will be furnished to the SEC upon request.
** This certification is deemed not filed for purposes of section 18 of the Exchange Act, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
+ Certain identified information has been excluded from this exhibit because the Company does not believe it is material and is the type that the Company customarily treats as private and confidential. Redacted information is indicated by “[**]”.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| SONDER HOLDINGS INC. | ||||||||
| By: | /s/ Michael Hughes | |||||||
| Name: | Michael Hughes | |||||||
| Title: | Chief Financial Officer | |||||||
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed by the following persons on behalf of the registrant in the capacities and on the dates indicated.
| Signature | Title | Date | ||||||||||||
| /s/ Janice Sears | Interim Chief Executive Officer and Director (Principal Executive Officer) | August 5, 2025 | ||||||||||||
| Janice Sears | ||||||||||||||
| /s/ Michael Hughes | Chief Financial Officer (Principal Financial Officer) | August 5, 2025 | ||||||||||||
| Michael Hughes | ||||||||||||||
| /s/ Rahul Thumati | Interim Chief Accounting Officer (Principal Accounting Officer) | August 5, 2025 | ||||||||||||
| Rahul Thumati | ||||||||||||||
| /s/ Sean Aggarwal | Director | August 5, 2025 | ||||||||||||
| Sean Aggarwal | ||||||||||||||
| /s/ Sanjay Banker | Director | August 5, 2025 | ||||||||||||
| Sanjay Banker | ||||||||||||||
| /s/ Michelle Frymire | Director | August 5, 2025 | ||||||||||||
| Michelle Frymire | ||||||||||||||
/s/ Simon Turner | Director | August 5, 2025 | ||||||||||||
Simon Turner | ||||||||||||||
| /s/ Frits van Paasschen | Director | August 5, 2025 | ||||||||||||
| Frits van Paasschen | ||||||||||||||
| /s/ Erin Wallace | Director | August 5, 2025 | ||||||||||||
| Erin Wallace | ||||||||||||||