Sonder Holdings Inc. (SOND) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: October 14, 2025

Risk Assessment Details

Potential Dilution: 957.07% of current shares
Recent Dilution: 23.56% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
14M
Potential Supply
130M
Additional shares possible
Splits
None
Past 2 years

Summary

SOND currently has 13.5M outstanding shares. with significant dilution risk as 129M authorized shares could dilute existing holders by 957.1%. The company has diluted shareholders by 23.56% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Oct 14, 2025

10-Q filing | 13.5M shares outstanding

14M 130M
Aug 07, 2025

8-K filing: Sonder Holdings Inc. entered into a Note and Warrant Purchase Agreement to issue and sell $24.540 million of units, each comprised of a senior secured promissory note and a warrant to purchase shares of the Company's common stock at an exercise price of $1.50 per share.

12M 130M
Apr 14, 2025

8-K filing: Sonder Holdings Inc. entered into a Securities Purchase Agreement to issue and sell 17.98 million shares of Series A Convertible Preferred Stock at $1.00 per share, resulting in gross proceeds of $17.98 million. ($17.98M proceeds)

12M 130M
Feb 13, 2025

S-1 filing: Sonder Holdings Inc. is offering and stockholders are reselling shares of common stock.

12M 130M
Feb 12, 2025

10-Q filing | 11.5M shares outstanding

12M 2.3M
Nov 19, 2024

8-K filing: Sonder Holdings Inc. completed the issuance and sale of approximately 15.7 million shares of its Series A Convertible Preferred Stock for cash consideration of approximately $15.7 million in a private placement, bringing the aggregate issuance to approximately 43.3 million shares for approximately $43.3 million. ($15.7M proceeds)

11M 2.3M
Nov 08, 2024

8-K filing: On November 7, 2024, the company completed the issuance and sale of approximately 12.8 million shares of Series A Convertible Preferred Stock for cash consideration of approximately $12.8 million in a private placement; Katherine Potter resigned as Chief Legal and Administrative Officer, effective November 22, 2024, and Vanessa Barmack will serve as interim General Counsel. ($12.8M proceeds)

11M 2.3M
Nov 04, 2024

10-Q filing | 11.2M shares outstanding

11M 2.3M
Nov 04, 2024

10-Q filing | 11.0M shares outstanding

11M 2.3M
Oct 29, 2024

8-K filing: Sonder Holdings Inc. entered into a limited waiver and consent agreement (the "NPA Waiver") to the Note and Warrant Purchase Agreement, providing for the potential issuance of warrants to investors to purchase shares of the company's common stock depending on the approval of the Share Increase Proposal at the 2024 Annual Meeting.

11M 2.3M
Sep 27, 2024

10-K filing | 10.9M shares outstanding

11M 2.3M
Aug 19, 2024

8-K filing: Sonder Holdings Inc. entered into a series of agreements including amendments to existing note and loan agreements, securities purchase agreements for preferred stock, voting agreements, and a license agreement with Marriott International, focusing on extending debt maturities, securing additional financing through preferred stock issuance, and establishing a partnership with Marriott. ($43.3M proceeds)

11M 2.3M
Jun 11, 2024

8-K filing: Sonder Holdings Inc. issued detachable warrants to purchase an aggregate of 475,264 shares of the Company's Common Stock in connection with a draw-down of delayed draw subordinated secured notes.

11M 2.3M
Nov 14, 2023

10-Q filing | 11.0M shares outstanding

11M 2.3M
Sep 20, 2023
Stock Split

8-K filing: Stock split 1-for-20 | Outstanding: 218,027,496 → 10,901,374

11M 2.3M
Aug 09, 2023

10-Q filing | 218.0M shares outstanding

220M 45M
May 10, 2023

10-Q filing | 219.1M shares outstanding

220M 45M
Mar 23, 2023

POS AM filing: This POS AM filing relates to the issuance of common stock upon exercise of warrants and resale of common stock by selling securityholders.

220M 45M
Mar 16, 2023

10-K filing | 206.0M shares outstanding

210M 45M
Nov 10, 2022

10-Q filing | 215.7M shares outstanding

220M 45M
Aug 12, 2022

10-Q filing | 215.1M shares outstanding

220M 45M
May 16, 2022

10-Q filing | 217.3M shares outstanding

220M 45M
Mar 28, 2022

POS AM filing: This POS AM filing registers the offer and resale of Common Stock and Warrants of Sonder Holdings Inc.

45M 45M
Mar 28, 2022

10-K filing | 42.4M shares outstanding

42M 45M
Jan 31, 2022

S-1 filing: This S-1 filing registers shares of common stock and warrants for Sonder Holdings Inc.

45M 220M
Nov 15, 2021

10-Q filing | 45.0M shares outstanding

45M 45M
Aug 06, 2021

10-Q filing | 45.0M shares outstanding

45M 45M
Jun 04, 2021

10-Q filing | 45.0M shares outstanding

45M 45M
Jan 13, 2021

S-1/A filing: Initial public offering of 40,000,000 units, each consisting of one share of Class A common stock and one-fifth of one warrant, at a price of $10.00 per unit. Also, the sponsor has committed to purchase 5,000,000 warrants at a price of $2.00 per warrant in a private placement.

12M 45M
Dec 23, 2020

S-1 filing: Gores Metropoulos II, Inc. is offering 40,000,000 units, each with an offering price of $10.00, in an initial public offering.

N/A 45M
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