Sonida Senior Living Raises Prices for Public Offering of Common Shares Page 1

Sonida Senior Living, Inc. (“Sonida” or the “Company”) (NYSE: SNDA), a leading owner, operator and investor in senior housing communities, today announced that it has priced an underwritten public offering of 4,300,000 shares of its common stock, increased from 4,000,000 shares at launch. The price to the public of the offering is $27.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 645,000 shares of the Company’s common stock. The offering is expected to close on August 19, 2024, subject to customary closing conditions.

The Company intends to use $102.9 million of the net proceeds from the offering to finance the purchase price for the proposed acquisition of eight senior living communities. The Company intends to use the remaining net proceeds from the offering, including any net proceeds from the exercise of the underwriters’ option to purchase additional shares, for other general corporate purposes.