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Stoneway Capital Corporation – Business Plans and Disclosure of Cleansing Material
NEW YORK, Dec. 20, 2021 /CNW/ – Stoneway Capital Company (“Stoneway,” and jointly with its subsidiaries and dad or mum entities, the “Enterprise“) and six affiliated debtors (the “Debtors“) are now topic to a jointly-administered reorganization continuing below Chapter 11 of the United States Personal bankruptcy Code in the United States Personal bankruptcy Court docket for the Southern District of New York (the “Chapter 11 Cases“). In relationship with the Chapter 11 Situations and likely restructuring transactions thereunder (the “Prospective Transactions“) of the Debtors, the Debtors entered into confidentiality agreements (collectively, the “NDAs“) with specific holders of the 10.000{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} senior secured notes because of 2027 issued by Stoneway. Pursuant to…
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Sonder Holdings Inc. and Gores Metropoulos II, Inc. Announce Additional Committed Capital to Fully Fund Business Plan and Strategic Revision of Transaction Terms
SAN FRANCISCO & LOS ANGELES–(BUSINESS WIRE)–Sonder Holdings Inc. (“Sonder” or the “Company”), a leading next-generation hospitality company that is redefining the guest experience through technology and design, and Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW and GMIIU), a special purpose acquisition company formed by affiliates of The Gores Group and Metropoulos & Co., announced strategic amendments to the terms of their previously announced definitive agreement (the “Merger Agreement”) to combine. These amendments and associated incremental investments by leading institutional investors to adapt to current market conditions strongly position Sonder for long-term growth, and underscore Sonder’s and Gores Metropoulos II’s collective commitment to driving long-term value creation for all stockholders. As…
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