SONDORS, which makes electric bikes and motorcycles, postponed its IPO on Wednesday. It had most recently filed to raise $20 million by offering 4 million shares at a price range of $4 to $6. It originally planned to offer 2.5 million shares at a range of $8 to $10, before revising the terms earlier this month.
The Malibu, CA-based company was founded in 2013 and booked $22 million in sales for the 12 months ended September 30, 2022. It had planned to list on the Nasdaq under the symbol SODR. A.G.P. was set to be the sole bookrunner on the deal.
