Sonendo, INC 8-K filings

Sonendo, Inc. has entered into an amendment to its credit agreement, deferring and waiving certain amortization payments contingent upon successful equity financings.

Sonendo, Inc. announced a significant reduction in operating losses and free cash flow burn for the third quarter of 2024, despite a slight decrease in revenue.

Sonendo, Inc. was not the winning bidder in the bankruptcy auction for Biolase assets and will receive a break-up fee and expense reimbursement.

Sonendo, Inc. has executed a 1-for-200 reverse stock split, effective October 18, 2024, to consolidate its shares and potentially improve its stock price.

Sonendo reports preliminary Q3 2024 revenue between $7.9 and $8.0 million and increases its full-year 2024 revenue guidance.

Sonendo, Inc. has entered into an asset purchase agreement to acquire certain assets of Biolase, Inc. and its subsidiaries related to dental laser systems for $14 million in cash, assumption of liabilities, and the value of a pending litigation.

Sonendo, Inc. is considering a stalking horse bid for the assets of Biolase, Inc., which is potentially facing bankruptcy.

Sonendo Inc. reports the resignation of its Chief Talent Officer, Roy T. Chen, effective September 6, 2024, with the Human Resources function to be overseen by the CFO.

Sonendo, Inc. has dismissed Ernst & Young LLP and appointed BDO USA, P.C. as its new independent registered public accounting firm, effective August 14, 2024.

Sonendo Inc. reported improved financial results for the second quarter of 2024, including increased gross margins and a raised full-year revenue guidance.

Sonendo, Inc. held its annual meeting on June 10, 2024, where stockholders elected directors, ratified the accounting firm, and approved a reverse stock split.

Sonendo, a dental technology company, has appointed John Bostjancic as its new Chief Financial Officer, effective June 5, 2024, as part of a broader leadership restructuring.

Sonendo reported first quarter 2024 revenue of $7.0 million, exceeding prior guidance, and announced a strategic reset of its commercial and operational priorities.

Sonendo Inc. has withdrawn its appeal against delisting from the New York Stock Exchange, and its common stock is now trading on the OTCQX market.

Sadie Stern, a director at Sonendo, Inc., will not seek reelection at the 2024 Annual Meeting of Stockholders, concluding her service on the board and its committees.

Sonendo Inc. has amended the compensation package for its Interim Chief Financial Officer, Chris Guo, including a base salary, bonus eligibility, and a retention bonus.

Sonendo's full-year 2023 revenue grew by 5% to $43.9 million, while the company also divested its TDO software segment and restructured its debt.

Sonendo, Inc. has announced the resignation of its Chief Financial Officer, Michael P. Watts, effective March 15, 2024, and the appointment of Chris Guo as Interim CFO.

Sonendo divests its TDO Software business for $16 million and amends its credit agreement to include a $15 million principal repayment.

Karen McGinnis has resigned from Sonendo's Board of Directors and its Audit and Compensation Committees, effective March 31, 2024.