Sonder Holdings shares surge 102.28% premarket amid Chapter 7 bankruptcy filing and operational wind-down.

Sonder Holdings Inc. (SOND) surged 102.28% in premarket trading following its Chapter 7 bankruptcy filing and immediate operational wind-down. The stock’s volatility reflects speculative bets on a potential liquidity event or short squeeze as the company terminates its licensing agreement with Marriott International and ceases operations. Despite the filing signaling insolvency, traders are capitalizing on the impending delisting, driving aggressive buying in anticipation of a final capital distribution or market anomaly. The move aligns with recent reports of a 131.6% intraday surge amid the liquidation process, underscoring the stock’s status as a high-risk, high-reward play in its terminal phase.