SONDORS (SODR) Announces Proposed IPO

SONDORS (NASDAQ: SODR) has filed for a proposed IPO.

The company describes itself as: "We are a California-based, design-focused electric mobility company manufacturing and delivering premium electric bicycles and an electric motorcycle. We design our products with both our consumers and manufacturing processes in mind in order to offer high quality products at competitive price points.

We have played a critical role in creating the e-bike category by developing, manufacturing and selling one of the first e-bikes at scale both domestically and internationally and have delivered over 51,000 units in 72 countries since 2015. SONDORS e-bikes are well known for providing riders with a premier e-biking experience by combining visually appealing design with industry-leading performance. From our inception, we have been committed to making e-bikes more accessible to riders through our compelling retail pricing, as demonstrated by our Smart Step entry level e-bike, which is currently offered through Costco Wholesale Corporation and features a folding frame design and our proprietary battery technology. Additional e-bike models are sold direct-to-consumer, enabling the end customer to customize its e-bike across our portfolio of products, ranging from our full-suspension, mid-drive mountain bikes, to our MadMods offerings, which feature wide tires and customizable style kits."

Lake Street will serve as sole underwriter.

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