![]() One person affiliated with the company told us that plans for the IPO had been dropped, leading to the layoffs. That IPO filing was revised a couple of times, suggesting that investor interest was low. As we reported just two weeks ago, Sondors had been planning an initial public offering of stock in the company to raise money to pay off debt and fund future expansion of the product line. Several former Sondors employees added #OPENTOWORK tags to their LinkedIn profiles this week and a few referred to layoffs of multiple colleagues at the electric bicycle and motorcycle company. Simply reading about this bike on an enthusiast website like this one means you might already have a motorcycle, and that’s not the target for this company or this machine.Įditor's note: Just as Zack finished this review of the Sondors MetaCycle, we learned that the company has laid off several members of its staff. ![]() ![]() ![]() Chances are, Sondors doesn’t want you to buy a MetaCycle. ![]()
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