10-K Filing

SONDER HOLDINGS INC. CIK: 1819395 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001819395-22-000015`
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 52 Income Statement 22 Cash Flow Statement 53 Stockholders Equity 15

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Shares subject to possible redemption (in shares)	`TemporaryEquitySharesIssued`	45.00M	shares	Point-in-time
Shares subject to possible redemption (in shares)	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Shares subject to possible redemption, redemption value per share (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Shares subject to possible redemption, redemption value per share (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$263.94K	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$160.31K	USD	Point-in-time
Deferred offering costs associated with proposed public offering	`DeferredOfferingCosts`	$285.94K	USD	Point-in-time
Deferred offering costs associated with proposed public offering	`DeferredOfferingCosts`	-	USD	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	440.00M	shares	Point-in-time
Prepaid assets	`PrepaidExpenseCurrent`	$1.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$446.25K	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$450.06M	USD	Point-in-time
Total assets	`Assets`	$451.34M	USD	Point-in-time
Total assets	`Assets`	$446.25K	USD	Point-in-time
State franchise tax	`AccrualForStateFranchiseTaxesCurrent`	$200.00K	USD	Point-in-time
State franchise tax	`AccrualForStateFranchiseTaxesCurrent`	$2.92K	USD	Point-in-time
Accrued expenses, formation and offering costs	`AccruedLiabilitiesCurrent`	$5.94M	USD	Point-in-time
Accrued expenses, formation and offering costs	`AccruedLiabilitiesCurrent`	$158.25K	USD	Point-in-time
PIPE subscription	`OtherLiabilitiesPrivatePlacementCurrent`	$250.00K	USD	Point-in-time
PIPE subscription	`OtherLiabilitiesPrivatePlacementCurrent`	-	USD	Point-in-time
Notes payablerelated party	`NotesAndLoansPayableCurrent`	$1.50M	USD	Point-in-time
Notes payablerelated party	`NotesAndLoansPayableCurrent`	$300.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$461.17K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$35.87M	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$15.75M	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$51.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$461.17K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$23.85K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-50.28M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-39.92K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-14.92K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-50.28M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$451.34M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$446.25K	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	2 Qtrs
Organizational expenses	`OrganizationalExpense`	$4.00K	USD	2 Qtrs
Organizational expenses	`OrganizationalExpense`	-	USD	Annual
Professional fees	`ProfessionalFeesAndOtherExpenses`	$7.78M	USD	Annual
Professional fees	`ProfessionalFeesAndOtherExpenses`	$33.00K	USD	2 Qtrs
State franchise tax	`TaxesExcludingIncomeAndExciseTaxes`	$2.92K	USD	2 Qtrs
State franchise tax	`TaxesExcludingIncomeAndExciseTaxes`	$200.00K	USD	Annual
Allocated expense for warrant issuance cost	`IssuanceCostsRelatedToWarrantLiability`	$918.14K	USD	Annual
Allocated expense for warrant issuance cost	`IssuanceCostsRelatedToWarrantLiability`	-	USD	2 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-39.92K	USD	2 Qtrs
Net loss from operations	`OperatingIncomeLoss`	$-8.90M	USD	Annual
Other income - interest income	`InterestIncomeOther`	-	USD	2 Qtrs
Other income - interest income	`InterestIncomeOther`	$63.41K	USD	Annual
Loss from change in fair value of warrant liabilities	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	2 Qtrs
Loss from change in fair value of warrant liabilities	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-1.74M	USD	Annual
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.58M	USD	Annual
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-39.92K	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss attributable to common shareholders	`NetIncomeLoss`	$-10.58M	USD	Annual
Net loss attributable to common shareholders	`NetIncomeLoss`	$-39.92K	USD	2 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-10.58M	USD	Annual
Net loss	`ProfitLoss`	$-39.92K	USD	2 Qtrs
Issuance costs related to warrant liabilities	`IssuanceCostsRelatedToWarrantLiability`	$918.14K	USD	Annual
Issuance costs related to warrant liabilities	`IssuanceCostsRelatedToWarrantLiability`	-	USD	2 Qtrs
Changes in fair value warrants derivative liabilities	`FairValueAdjustmentOfWarrants`	$1.74M	USD	Annual
Changes in fair value warrants derivative liabilities	`FairValueAdjustmentOfWarrants`	-	USD	2 Qtrs
Changes in prepaid assets	`IncreaseDecreaseInPrepaidExpense`	$1.01M	USD	Annual
Changes in prepaid assets	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Changes in accrued expenses, formation and offering costs	`IncreaseDecreaseInAccruedExpensesFormationAndOfferingCosts`	$6.06M	USD	Annual
Changes in accrued expenses, formation and offering costs	`IncreaseDecreaseInAccruedExpensesFormationAndOfferingCosts`	$4.00K	USD	2 Qtrs
Changes in state franchise tax accrual	`IncreaseDecreaseInStateFranchiseTaxAccrual`	$2.92K	USD	2 Qtrs
Changes in state franchise tax accrual	`IncreaseDecreaseInStateFranchiseTaxAccrual`	$197.08K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.00K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.67M	USD	Annual
Cash deposited in Trust Account	`PaymentToCashDepositedInTrustAccount`	$450.00M	USD	Annual
Cash deposited in Trust Account	`PaymentToCashDepositedInTrustAccount`	-	USD	2 Qtrs
Interest and dividends reinvested in the Trust Account	`PaymentsToInterestAndDividendsReinvestedInTrustAccount`	-	USD	2 Qtrs
Interest and dividends reinvested in the Trust Account	`PaymentsToInterestAndDividendsReinvestedInTrustAccount`	$63.41K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-450.06M	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from sale of Units in initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Proceeds from sale of Units in initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	$450.00M	USD	Annual
Proceeds from sale of Units in initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	$450.00M	USD	Point-in-time
Proceeds from sale of Private Placement Warrants to Sponsor	`ProceedsFromIssuanceOfWarrants`	-	USD	2 Qtrs
Proceeds from sale of Private Placement Warrants to Sponsor	`ProceedsFromIssuanceOfWarrants`	$11.00M	USD	Annual
Payment of underwriters discounts and commissions	`PaymentOfUnderwritersDiscountsAndCommissions`	-	USD	2 Qtrs
Payment of underwriters discounts and commissions	`PaymentOfUnderwritersDiscountsAndCommissions`	$9.00M	USD	Annual
Proceeds from Private Placement subscription	`ProceedsFromIssuanceOfPrivatePlacement`	$250.00K	USD	Annual
Proceeds from Private Placement subscription	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	2 Qtrs
Proceeds from note payablerelated party	`ProceedsFromRelatedPartyDebt`	$1.50M	USD	Annual
Proceeds from note payablerelated party	`ProceedsFromRelatedPartyDebt`	$300.00K	USD	2 Qtrs
Repayment of notes and advances payable related party	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of notes and advances payable related party	`RepaymentsOfRelatedPartyDebt`	$300.00K	USD	Annual
Proceeds from sale of Class F common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of Class F common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	2 Qtrs
Payments of accrued offering cost	`PaymentsOfStockIssuanceCosts`	$131.69K	USD	2 Qtrs
Payments of accrued offering cost	`PaymentsOfStockIssuanceCosts`	$613.02K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$452.84M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$193.31K	USD	2 Qtrs
Increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$160.31K	USD	2 Qtrs
Increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$103.63K	USD	Annual
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$160.31K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$263.94K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$160.31K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$263.94K	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	-	USD	2 Qtrs
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$15.75M	USD	Annual
Cash paid for income and state franchise taxes	`CashPaidForIncomeAndStateFranchiseTaxes`	-	USD	2 Qtrs
Cash paid for income and state franchise taxes	`CashPaidForIncomeAndStateFranchiseTaxes`	$2.92K	USD	Annual
Deferred offering costs	`DeferredOfferingCost`	-	USD	Annual
Deferred offering costs	`DeferredOfferingCost`	$154.25K	USD	2 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Shares subject to possible redemption (in shares)	`TemporaryEquitySharesIssued`	45.00M	shares	Point-in-time
Shares subject to possible redemption (in shares)	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$-14.92K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-50.28M	USD	Point-in-time
Sale of Class F common stock, par value $0.0001 per share, to Sponsor on July 23, 2020	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-10.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-39.92K	USD	2 Qtrs
Forfeited Class F common stock by Sponsor	`AdjustmentsToAdditionalPaidInCapitalForfeitedCommonStockBySponsor`	-	USD	Annual
Excess of fair value paid by founders for warrants	`AdjustmentsToAdditionalPaidInCapitalExcessOfFairValuePaidByFoundersForWarrants`	$-1.04M	USD	Annual
Subsequent measurement of Class A common stock subject to redemption against additional paid-in capital	`AdjustmentsToAdditionalPaidInCapitalSubsequentMeasurementUnderAccountingStandardsCodification`	$1.07M	USD	Annual
Subsequent measurement of Class A common stock subject to redemption against accumulated deficit	`SubsequentMeasurementUnderAccountingStandardsCodification`	$39.67M	USD	Annual
Ending balance	`StockholdersEquity`	$-14.92K	USD	Point-in-time
Ending balance	`StockholdersEquity`	-	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-50.28M	USD	Point-in-time

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