POS AM Filing

SONDER HOLDINGS INC. CIK: 1819395 FY 2021

Filing Information

Form Type	POS AM
Accession Number	`0001628280-22-007492`
Period End Date	20211231
Filing Date	20220328
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	son-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 23 Income Statement 14 Cash Flow Statement 10 Stockholders Equity 20 Comprehensive Income 42

Balance Sheet 23 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$69.73M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$121.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$98.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$146.28M	USD	Point-in-time
Total assets	`Assets`	$177.52M	USD	Point-in-time
Total assets	`Assets`	$148.48M	USD	Point-in-time
Accrued expenses, formation and offering costs	`AccruedLiabilitiesCurrent`	$19.56M	USD	Point-in-time
Accrued expenses, formation and offering costs	`AccruedLiabilitiesCurrent`	$8.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$263.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$344.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$110.92M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock, subject to redemption, 45,000,000 and 0 shares at December 31, 2021 and 2020, respectively (at redemption value of $10 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$567.46M	USD	Point-in-time
Class A common stock, subject to redemption, 45,000,000 and 0 shares at December 31, 2021 and 2020, respectively (at redemption value of $10 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$568.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-520.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-814.81M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-258.67M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-500.86M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-764.41M	USD	Point-in-time
Total liabilities, mezzanine equity, and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$148.48M	USD	Point-in-time
Total liabilities, mezzanine equity, and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$177.52M	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$115.68M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$232.94M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-243.82M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-259.94M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-294.14M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-249.99M	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	$323.00K	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	$242.00K	USD	Annual
Net loss attributable to common shareholders	`NetIncomeLoss`	$-294.39M	USD	Annual
Net loss attributable to common shareholders	`NetIncomeLoss`	$-250.32M	USD	Annual
Net loss per ordinary share, basic (in dollars per share)	`EarningsPerShareBasic`	$-36.74	USD	Annual
Net loss per ordinary share, basic (in dollars per share)	`EarningsPerShareBasic`	$-39.98	USD	Annual
Net loss per ordinary share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-36.74	USD	Annual
Net loss per ordinary share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-39.98	USD	Annual

Cash Flow Statement 10 line items

Line Item	Tag	Value	Unit	Period
Changes in fair value warrants derivative liabilities	`FairValueAdjustmentOfWarrants`	$2.15M	USD	Annual
Changes in fair value warrants derivative liabilities	`FairValueAdjustmentOfWarrants`	$26.00K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-179.39M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-202.50M	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.59M	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.85M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$148.57M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$226.56M	USD	Annual
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-53.17M	USD	Annual
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.86M	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Mezzanine equity, beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$567.46M	USD	Point-in-time
Mezzanine equity, beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$568.48M	USD	Point-in-time
Mezzanine equity, ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$567.46M	USD	Point-in-time
Mezzanine equity, ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$568.48M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-258.67M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-500.86M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-764.41M	USD	Point-in-time
Issuance of common stock upon exercise of common stock warrants	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$120.00K	USD	Annual
Issuance of common stock upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	1,441.00	shares	Annual
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.64M	USD	Annual
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.84M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.22M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$25.25M	USD	Annual
Net loss	`NetIncomeLoss`	$-294.39M	USD	Annual
Net loss	`NetIncomeLoss`	$-250.32M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.63M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-740.00K	USD	Annual
Ending balance	`StockholdersEquity`	$-258.67M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-500.86M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-764.41M	USD	Point-in-time

Comprehensive Income 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$115.68M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$232.94M	USD	Annual
Cost of revenue (excluding depreciation and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$201.44M	USD	Annual
Cost of revenue (excluding depreciation and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$137.00M	USD	Annual
Operations and support	`OperatingCostsAndExpenses`	$115.07M	USD	Annual
Operations and support	`OperatingCostsAndExpenses`	$142.73M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$77.03M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$106.14M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$17.55M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$19.09M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$23.49M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$12.85M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$359.50M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$492.89M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-243.82M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-259.94M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-6.40M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-44.09M	USD	Annual
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$231.00K	USD	Annual
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$9.89M	USD	Annual
Total interest expense, net and other (income) expense, net	`NonoperatingIncomeExpense`	$-34.20M	USD	Annual
Total interest expense, net and other (income) expense, net	`NonoperatingIncomeExpense`	$-6.17M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-294.14M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-249.99M	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	$323.00K	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	$242.00K	USD	Annual
Net loss attributable to common shareholders	`NetIncomeLoss`	$-294.39M	USD	Annual
Net loss attributable to common shareholders	`NetIncomeLoss`	$-250.32M	USD	Annual
Net loss per ordinary share, basic (in dollars per share)	`EarningsPerShareBasic`	$-36.74	USD	Annual
Net loss per ordinary share, basic (in dollars per share)	`EarningsPerShareBasic`	$-39.98	USD	Annual
Net loss per ordinary share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-36.74	USD	Annual
Net loss per ordinary share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-39.98	USD	Annual
Weighted average shares outstanding of common stock, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.01M	shares	Annual
Weighted average shares outstanding of common stock, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.26M	shares	Annual
Weighted average shares outstanding of common stock, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.01M	shares	Annual
Weighted average shares outstanding of common stock, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.26M	shares	Annual
Net loss	`NetIncomeLoss`	$-294.39M	USD	Annual
Net loss	`NetIncomeLoss`	$-250.32M	USD	Annual
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-740.00K	USD	Annual
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.63M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-251.06M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-292.75M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.