Short-term rental operator Sonder is going out of business.
The company announced on Monday afternoon it would be winding down its operations “immediately.” Furthermore, it plans to file for Chapter 7 liquidation of its business stateside and insolvency proceedings in other countries where it operates.
The company said it considered a sale of its business and operations, as well as obtaining more liquidity, but was unsuccessful in its pursuit.
“We are devastated to reach a point where a liquidation is the only viable path forward,” interim chief executive officer Janice Sears said in a statement. “We explored all viable alternatives to avoid this outcome, but we are left with no choice other than to proceed with an immediate…