Brief: Sonder, A Next-Generation Hospitality Company, To Be Publicly Listed Through Combination With Gores Metropoulos Ii

Sonder Holdings

30/04/2021 12:02

April 30 (Reuters) - Gores Metropoulos II Inc  GMII.O :
    * SONDER, A NEXT-GENERATION HOSPITALITY COMPANY, TO BE
PUBLICLY
LISTED THROUGH COMBINATION WITH GORES METROPOULOS II
    * SONDER HOLDINGS - BUSINESS IS EXPECTED TO HAVE A PRO FORMA
ENTERPRISE VALUE OF $2.2 BILLION
    * SONDER HOLDINGS INC - BUSINESS COMBINATION INCLUDES $650
MILLION
OF CASH PROCEEDS FROM GORES METROPOULOS II BEFORE EXPENSES
    * SONDER HOLDINGS - SONDER EXPECTS TO ACHIEVE APPROXIMATELY
$4
BILLION OF REVENUE IN 2025
    * SONDER HOLDINGS - PIPE INVESTMENT IS LED BY AN AFFILIATE
OF
GORES GROUP
    * SONDER HOLDINGS - EXISTING SONDER STOCKHOLDERS WILL RETAIN
74%
OWNERSHIP IN PRO FORMA COMPANY
    * SONDER HOLDINGS - DAVIDSON WILL CONTINUE TO SERVE AS CEO
AND
SANJAY BANKER WILL CONTINUE TO SERVE AS PRESIDENT AND CFO

Source text for Eikon:  ID:nBw48fQ4Va 
Further company coverage:  GMII.O 

 ((Reuters.Briefs@thomsonreuters.com;))