- SPAC Gores Metropoulos II (GMII) rose 6.4% in premarket trading following a report yesterday that it's in talks to take lodging startup Sonder public in a deal that could value the combined entity at more than $2.5B.
- Terms aren't finalized and a deal could still fall apart, according to a Bloomberg report.
- Sonder had a valuation of $1.3B after raising a $170m in a funding round last year, according to TheRealDeal.
- Recall March 12, Gores Metropoulos II announces the separate trading of its Class A common stock and warrants.