# SONIDA SENIOR LIVING, INC. (SNDA) — restructuring/exchange_offer [announced]
Source: SEC API (secapi.ai) · situation sit_efb16ae4ce0c5f4f2d28 · retrieved 2026-08-14T01:26:07.423Z

## Overview
Sonida Senior Living, Inc. operates nursing and personal care facilities.

On August 10, 2026, Sonida Senior Living, Inc. and Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP entered into an Exchange Agreement to resolve a stockholder lawsuit challenging the validity of a prior March 11, 2026 Series A Preferred Stock conversion. To eliminate uncertainty without admitting wrongdoing, the Company (i) nullified the prior Certificate of Designation Amendment and Certificate of Elimination through certificates of correction, (ii) designated 41,250 shares of new Series B Convertible Preferred Stock with a $32.00 per share conversion price, (iii) issued 41,250 Series B Preferred shares to the Investors in exchange for surrender of the disputed Subject Shares and any Series A Preferred Stock, and (iv) immediately converted all 41,250 Series B Preferred shares into 1,601,505 shares of Common Stock. No additional cash payment was made by the Company, and the Warrant terms remained unchanged.

## Terms
- Counterparty: Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP · Consideration: stock · Price/share: $32

## Key dates
- Announced 2026-08-10

## Timeline
- 2026-08-10 · 8-K (0001193125-26-342676): 8-K - SONIDA SENIOR LIVING, INC. — *Sonida Senior Living, Inc. operates nursing and personal care facilities.* On August 10, 2026, Sonida Senior Living, Inc. and Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP entered into an Exchange Agreement to resolve a stockholder lawsuit challenging the validity of a prior March 11, 2026 Series A Preferred Stock conversion. To eliminate uncertainty without admitting wrongdoing, the Company (i) nullified the prior Certificate of Designation Amendment and Certificate of Elimination through certificates of correction, (ii) designated 41,250 shares of new Series B Convertible Preferred Stock with a $32.00 per share conversion price, (iii) issued 41,250 Series B Preferred shares to the Investors in exchange for surrender of the disputed Subject Shares and any Series A Preferred Stock, and (iv) immediately converted all 41,250 Series B Preferred shares into 1,601,505 shares of Common Stock. No additional cash payment was made by the Company, and the Warrant terms remained unchanged.
  https://www.sec.gov/Archives/edgar/data/1043000/0001193125-26-342676.txt

## Citations
- 0001193125-26-342676 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526342676