Gores Metropoulos II Completes Business Combination with Sonder Holdings Inc.
January 18, 2022
Sonder Holdings Inc. completed its previously announced business combination with SPAC Gores Metropoulos II and will commence trading on the Nasdaq under ticker SOND. The deal included approximately $310 million of PIPE commitments from investors (including affiliates of GMII, Fidelity, BlackRock, Atreides and Senator) and provides access to $165 million of delayed draw notes to strengthen Sonder's balance sheet and fund growth.
- Buyers
- Gores Metropoulos II, Inc., Fidelity Management & Research LLC, Funds and accounts managed by subsidiaries of BlackRock, Inc., Atreides Management, LP, Senator Investment Group
- Targets
- Sonder Holdings Inc.
- Industry
- Restaurants & Hospitality
- Location
- California, United States
- Transaction Type
- Buyout
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