Sonder Holdings Inc. Announces Strategic Alternatives and Officer Resignation

On September 16, 2025, Sonder Holdings Inc. announced that its management and board of directors are evaluating financing and other strategic alternatives in consultation with financial advisor Moelis & Company LLC and outside counsel. Additionally, Martin Picard, the Chief Real Estate Officer, notified the company of his resignation effective the same date. Picard is resigning to potentially bid on the company as it explores strategic alternatives. Janice Sears, the interim Chief Executive Officer, will oversee operations on an interim basis, with certain senior operations executives reporting directly to her.