WeWork Announces 1-for-40 Reverse Stock Split in Efforts to Avoid Being Delisted From NYSE
Coworking spaces provider WeWork announced on Friday that it would initiate a 1-for-40 reverse stock split. The company’s decision comes as a result of plummeting stock and concerns about being delisted from the New York Stock Exchange (NYSE).
WeWork recently shared concerns about its ability...
WeWork Says it Has “Substantial Doubt” About Its Ability to Continue Operating
WeWork, once the leading provider of coworking spaces, is on the brink of collapse. The company revealed this in a recent filing with U.S. Securities and Exchange Commission (SEC).
Alongside sharing its second-quarter earnings report, WeWork issued a warning about its ability to continue operating...