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On August 10, 2026, Sonida Senior Living entered into an Exchange Agreement with Conversant Investors to resolve…
SNDASonida Senior Living, Inc.
On August 10, 2026, Sonida Senior Living entered into an Exchange Agreement with Conversant Investors to resolve litigation challenging the validity of a March conversion of Series A Preferred Stock. The Company nullified prior amendments and issued 41,250 shares of new Series B Convertible Preferred Stock, which were immediately converted into 1,601,505 shares of Common Stock at a $32.00 per share price. No cash payment was made in this transaction, and the parties voluntarily dismissed the stockholder complaint. Sonida Senior Living operates in the senior living industry, providing residential care and services for older adults.