Sonida Senior Living, Inc. announced that it expects to receive $13.5 million in funding from Conversant Capital LLC

▤ Summary

Sonida Senior Living, Inc. announced that it has entered into a purchase agreement for private placement of common shares for gross proceeds of up to $13,500,000 on June 29, 2023. The transaction will include participation from new investor Conversant Capital, LLC. The company will receive minimum $1,000,000 in a tranche.The company will receive funding in 18 months period. The company will raise funding through equity line. The Company shall issue to Investors 67,500 shares of Common Stock as commitment fees shares.

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