Sonida Senior Living, Inc. announced that it expects to receive $47.750021 million in funding
February 31, 2024
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Sonida Senior Living, Inc entered into purchase agreement Silk Partners, LP and PF Investors, LLC, pursuant to which the purchasers agreed to purchase 5,026,318 shares of Common Stock in the aggregate at a price of $9.50 per share for aggregate gross proceeds of $47,750,021 on February 1, 2024.
On February 1, 2024, the company closed the first tranche. The company issued 3,350,878 shares at an issue price of %9.5 for gross proceeds of $31,833,341. The transaction included participation from Conversant Dallas Parkway (A) LP for 1,261,638 shares, Conversant Dallas Parkway (B) LP for 843,625 shares, Silk Partners, LP for 951,445 shares, PF Investors, LLC for 101,187 shares, Solas Capital Partners, LP for 10,948 shares, Solas Capital Partners II, LP for 12,474 shares, Blackwell Partners LLC - Series A for 134,473 shares and Paul J. Isaac for 35,088 shares. The second tranche closing is expected to occur on no later than April 30, 2024 which will include participation from .Conversant Dallas Parkway (A) LP for 630,819 shares, Conversant Dallas Parkway (B) LP for 421,813 shares, Silk Partners, LP for 475,722 shares, PF Investors, LLC for 50,594 shares, Solas Capital Partners, LP for 5,474 shares, Solas Capital Partners II, LP for 6,237 shares, Blackwell Partners LLC - Series A for 67,237 shares and Paul J. Isaac for 17,544 shares
Sonida Senior Living, Inc. operates senior housing communities in the United States in terms of resident capacity. The Company provides residential housing and services to people aged 75 years and older, including independent living, assisted living, and memory care services. It provides independent living services to seniors, which include daily meals, transportation, social and recreational activities, laundry, housekeeping and 24-hour staffing. It also fosters the wellness of its residents by offering access to health screenings (such as blood pressure checks), periodic special services (such as COVID-19 and influenza inoculations), dietary and similar programs, and ongoing exercise and fitness classes. It also offers a range of assisted living care and services, including personal care services, 24-hour staffing, support services, and other supplemental services, including memory care services at some communities. It operates over 71 senior housing communities in 18 states.
SONIDA SENIOR LIVING, INC. 
