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San Francisco’s Sonder has reached a merger agreement with Gores Metropoulos II Inc.
The company, which signs master leases with landlords to turn units into short-term rentals, announced the deal after speculation earlier this month.
Gores Metropoulos II Inc. was set up in December last year, and is a newly organized blank check company or special purpose acquisition corporations (SPACs) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.