Sonder Holdings shares surge 31.45% premarket as Chapter 7 bankruptcy filing sparks speculative frenzy ahead of delisting.

Sonder Holdings (SOND) surged 31.45% in pre-market trading amid speculation linked to its Chapter 7 bankruptcy filing and operational wind-down. The company’s decision to liquidate assets and terminate its licensing agreement with Marriott International has triggered a speculative frenzy, with traders betting on a potential liquidity event or short squeeze before delisting. Despite technical indicators (e.g., oversold RSI, bearish MACD) signaling extreme weakness, the stock’s volatility reflects investor anticipation of last-minute value extraction. The pre-market rally aligns with prior intraday surges (131.6%) and a 269.27% pre-market jump, underscoring heightened trading activity as stakeholders race to navigate the impending collapse. The move highlights the stock’s status as a high-risk, high-reward play amid its terminal decline.