SONIDA SENIOR LIVING, INC. (SNDA) Form 8-K — Aug 10, 2026
$SNDAForm 8-KItems 1.01, 3.02, 3.03, 5.03, 9.01Filed Aug 10, 2026, 5:16 PM ET0001193125-26-342676Original filing
Sonida Senior Living entered into an Exchange Agreement on August 10, 2026 with its preferred stockholders, Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP, to re-execute the company's March 2026 Series A preferred conversion after a stockholder lawsuit in Delaware federal court challenged the validity of that transaction and the shares issued under it.
Key figures
- Litigation Case
- Smith v. Sonida Senior Living, Inc., 1:26-cv-00654-MN (D. Del.)
- Warrants Outstanding
- 1031250
- March2026 Cash Payment
- $5.8 million (including ~$1.1 million accrued dividends), paid under the prior March 2026 agreement
- Warrant Exercise Price
- $40.00 per share
- Series BConversion Price
- $32.00 per share
- Warrant Expiration Extended
- November 3, 2026 to November 3, 2027
- Prior Series AConversion Price
- $40.00 per share
- Series BLiquidation Preference
- $1,000 per share
- Series BPreferred Dividend Rate
- 11% per annum, cumulative (mooted by immediate conversion)
- Series BPreferred Shares Issued
- 41250
- Common Shares Issued Upon Conversion
- 1601505
Price after filing
1 day: 0.0%7 days: -3.2%30 days: -3.1%
Close on the filing date to close N calendar days later (from $40.30). Historical, not a forecast.
AI analysis
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