WeWork Launches Reverse Stock Split For NYSE Compliance

By Al Barbarino · August 18, 2023, 10:27 AM EDT

WeWork on Friday revealed plans for a reverse stock split that will take effect at market close Sept. 1 and is meant to increase the company's per-share trading price in order...

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Bankruptcy Scorecard

Summary

Workspace provider WeWork filed for Chapter 11 on Nov. 6 in New Jersey bankruptcy court with more than $10 billion in debt as it seeks to restructure its commercial office lease portfolio.

Case Number

2:23-bk-19865

Judge

John K. Sherwood

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$4.2 billion

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