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Parent company of ASAP Operator Member Sonder London, Glasgow and Dublin, Sonder Holdings, has secured an additional $10 million from investors to bolster its unrestricted liquidity.

The company’s optimization program began in November 2023, to address underperforming properties and align its rent portfolio with current market conditions, and to date has negotiated exits or rent reductions for approximately 105 buildings, comprising 4,300 units.