The valuation is based on 3.6x Sonder’s projected revenue for 2022. 30, 2021 at 6:12 a.m. Gores Metropoulos II, Inc is primarely in the business of blank checks. Gores Metropoulos II, led by CEO Gores and Chairman Dean Metropoulos, raised $450 million in a January initial public offering. Sonder Holdings Inc., a high-tech hospitality company, said Friday it is going public via a merger with special purpose acquisition corporation Gores Metropoulos II … San Francisco, CA – April 30, 2021 – Sonder Holdings Inc. (“Sonder” or the “Company”), a leading next-generation hospitality company that is redefining the guest experience, and Gores Metropoulos II, Inc. (Nasdaq: GMIIU, GMII and GMIIW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and by an affiliate of Dean Metropoulos of Metropoulos … Company Overview. Public relations and investor relations professionals rely on Business Wire for broad-based and targeted market reach. Sonder, which leases and manages blocks of apartments for short-term rentals, will go public through an acquisition by a SPAC called Gores Metropoulos II, Reuters reports. Published on April 30, 2021. Sonder To Go Public. Sonder Holdings Inc. ('Sonder' or the 'Company'), a leading next-generation hospitality company that is redefining the guest experience, and Gores Metropoulos II, Inc. (Nasdaq: GMIIU, GMII and GMIIW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and by an affiliate of Dean Metropoulos of … This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Gores Metropoulos II, Inc.. 9800 WILSHIRE BLVD. On April 30, 2021, Sonder Holdings, a leading next-generation hospitality company that is redefining the guest experience, and Gores Metropoulos II, Inc., a special purpose acquisition company (SPAC) sponsored by an affiliate of The Gores Group, LLC and by an affiliate of Dean Metropoulos of Metropoulos & Co., announced that they have entered into a definitive agreement to combine. Gores Metropoulos II, Inc. . Subject Company: Gores Metropoulos II, Inc. Commission File No. Sonder Holdings Inc., a leading next-generation hospitality company that is redefining the guest experience, and Gores Metropoulos II, Inc. (Nasdaq: GMIIU, GMII and GMIIW), a … SPAC Gores Metropoulos II gains on report of deal for lodging startup Sonder. San Francisco, CA - April 30, 2021 - Sonder Holdings Inc. ('Sonder' or the 'Company'), a leading next-generation hospitality company that is redefining the guest experience, and Gores Metropoulos II, Inc. (Nasdaq: GMIIU, GMII and GMIIW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and by an affiliate of Dean Metropoulos of Metropoulos … EX-10.3 Exhibit 10.3 SONDER HOLDINGS INC. 101 15th Street San Francisco, CA 94103 Attention: Phil Rothenberg SONDER CANADA INC. 200-425, av. News Break provides latest and breaking news about #Spac Gores Metropoulos. Dear Sonder team, The people behind Gores, over the course of their careers, have invested in … If the SPAC merger with Gores Metropoulos II Inc. goes through, the company’s valuation could exceed $2.5 billion, according to the report. Gores Metropoulos II, Inc. (Nasdaq: GMIIU, GMII and GMIIW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and by an affiliate of Dean Metropoulos of Metropoulos & Co., announced that they have entered into a definitive agreement to combine with Sonder. * sonder holdings - business is expected to have a pro forma enterprise value of $2.2 billion. : 001-39907. In depth view into GMII (Gores Metropoulos II) stock including the latest price, news, dividend history, earnings information and financials. Sonder was founded in 2012 by CEO Francis Davidson and Lucas Pellan, and has since raised $560 million from investors such as Greenoaks Capital, Spark Capital, Lennar, Greylock and the Pritzker family’s Tao Capital. Sonder, which leases and manages blocks of apartments for short-term rentals, will go public through an acquisition by a SPAC called Gores Metropoulos II, Reuters reports. The listing will be done through a SPAC, which has become a very common way of taking a company public in the last year or so. Subject Company: Gores Metropoulos II, Inc. Commission File No. Gores Completes SPAC Deal Valued at $2.2 Billion. Date: April 30, 2021 . Add hospitality startup Sonder to the list of companies getting in the SPAC game. The San Francisco-based firm, which leases apartments and turns them into furnished, short-term rentals, is in talks to go public by merging with one of Alec Gore and Dean Metropoulos’ blank-check firms, Bloomberg News reported. Gores Metropoulos II, Inc. (Nasdaq: GMIIU) (the "Company") announced that, commencing March 15, 2021, holders of the units sold in the Company’s initial public offering of 45,000,000 units completed on January 22, 2021 may elect to separately trade the shares of Class A common stock and warrants included in the units. Earlier this year, Gores Metropoulos II set out topartner with an industry-defining company, led bya high-quality management team with a strong growthprofile and we believe Sonder is exactly that. Business Wire. Sonder is merging with special purpose acquisition company Gores Metropoulos II to take the company public. If the SPAC merger with Gores Metropoulos II Inc. goes through, the company’s valuation could exceed $2.5 billion, according to the report. The technology-driven hospitality business is expected to have a pro forma enterprise value of $2.2 billion and over $700 million of net cash at closing. Sonder — the lodging startup known for turning properties into short-term rental buildings — is going public via a special acquisition company (SPAC), Gores Metropoulos II, that values the newly combined company at $2.2 billion, Sonder announced Friday.. Gores Metropoulos II, Inc. (Nasdaq: GMII) (the "Company"), announced today that, on May 21, 2021, it received a notice ("Notice") from the Listing Qualifications Department of … Latest Gores Metropoulos II Inc Share Price - Live GMIIU share price quotes, charts, profile, RNS & company financials for NAQ:GMIIU Lodging startup Sonder, which offers refurbished properties for short-term rentals, has agreed to go public through merging with a blank-check firm backed by billionaire investors Alec Gores … Sonder, a San Francisco- and Montreal-based hospitality brand, has agreed to go public via a merger with Gores Metropoulos II, a blank check company backed by Gores … Gores Metropoulos II, Inc. (GMII) relating to its proposed acquisition of Sonder Holdings, Inc.Under the terms of the agreement, GMII will acquire Sonder through a reverse merger, with Sonder emerging as a publicly traded company. Sonder, which decks out apartments and hotel rooms as hip short-term rentals, is in talks to merge with blank-check company Gores Metropoulos II Inc. , … Gores Metropoulos II (NASDAQ: GMII) is taking Sonder Holdings public at a pro forma enterprise value of $2.2 billion.
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