View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsWeWork 과거 순이익 실적과거 기준 점검 0/6WeWork은 연평균 0.1%의 비율로 수입이 증가해 온 반면, Real Estate 산업은 연평균 14%의 비율로 감소했습니다. 매출은 연평균 4.2%의 비율로 증가했습니다.핵심 정보0.12%순이익 성장률20.07%주당순이익(EPS) 성장률Real Estate 산업 성장률-2.05%매출 성장률4.18%자기자본이익률n/a순이익률-55.62%최근 순이익 업데이트30 Sep 2023최근 과거 실적 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Jun 13WeWork Files Form 15WeWork Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's Class A common stock was $0.0001 per share.공시 • Jun 02WeWork Inc. Appoints Anant Yardi as CEO Post-BankruptcyWeWork Inc. announced that Anant Yardi, took over as the CEO of WeWork on May 30, following a federal bankruptcy court's decision to transfer control of the co-working giant to its creditors. Yardi, a low-profile yet highly successful entrepreneur, ranks among the wealthiest in the software industry. His journey began in 1963 when he became the second person to achieve the top rank in the IIT JEE, a prestigious engineering entrance exam in India. Yardi moved to the United States in 1968 and founded Yardi Systems in 1984, a company specializing in property management software. Yardi Systems generates nearly $3 billion in annual revenue, making him a billionaire. According to the Financial Times, Yardi invested over $200 million in WeWork less than two years ago through an anonymous vehicle. Recently, he committed an additional $337.5 million to counter a bid from former WeWork CEO Adam Neumann, who attempted to regain control of the company. Yardi plans to steer WeWork towards targeting small businesses and incorporating hotel-like technologies like real-time bookings. Despite the company's recent struggles, Yardi remains optimistic about its future. Meanwhile, US Bankruptcy Judge John Sherwood approved WeWork's Chapter 11 bankruptcy plan on May 30. This approval allows the beleaguered shared office space provider to eliminate $4 billion in debt and transfer the company's equity to a group of lenders and the real estate technology company, Yardi Systems, as per Reuters. During the Newark, New Jersey court hearing, WeWork attorney Steven Serajeddini confirmed that the company is poised to emerge from bankruptcy debt-free "in a matter of days." This marks a critical juncture for WeWork, which has faced steep losses and overextension in its real estate portfolio, leading to its bankruptcy filing in November 2023. The bankruptcy proceedings enabled WeWork to negotiate a substantial reduction in future rent costs from its landlords and cancel leases at about one-third of its locations. This strategy will save the company over $12 billion in future rent expenses. Post-bankruptcy, WeWork plans to operate 337 shared office spaces, with more than 170 locations in the U.S. and Canada. During the restructuring process, WeWork rejected an alternate buyout proposal from its co-founder and former CEO, Adam Neumann. The company's lenders favoured an equity stake over Neumann's offer, which was deemed insufficient.공시 • Apr 30+ 2 more updatesCombined Hearing for Disclosure Statement and Plan Approved for WeWork Inc.The US Bankruptcy Court conditionally approved the adequacy of disclosure statement and combined hearing to consider approval of disclosure statement and prepackaged plan of WeWork Inc. on April 29, 2024. The debtor had filed its third amended disclosure statement and plan in the Court on April 29, 2024. The voting record date is April 22, 2024. Any objections to the plan should be made before May 28, 2024 and the confirmation hearing for the plan and disclosure statement has been scheduled for May 30, 2024.공시 • Apr 24WeWork Global in Talks to Sell Entire 27% Stake in India UnitCo-working firm WeWork Inc. (OTCPK:WEWK.Q) (WeWork Global), which has filed for bankruptcy in the US, is in talks with potential investors to sell its entire 27% stake in Wework India Management Private Limited (WeWork India) to monetise its investments, sources said. Bengaluru-based real estate firm Embassy Property Developments Private Limited (Embassy Group), which holds the remaining 73% stake in WeWork India, might also dilute some shareholdings to raise funds, they added. WeWork India, which started operations in 2017, has over 8 million square feet of assets signed across 54 locations in New Delhi, Bengaluru, Mumbai, Gurugram, Noida, Pune, and Hyderabad. WeWork India had posted a turnover of INR 14,000 million during the 2022-23 fiscal year. In June 2021, WeWork Global invested USD 100 million in WeWork India to pick a 27% stake. The investments helped Indian business to tide over the financial difficulties during the COVID pandemic, which had severely affected the office market. When contacted, WeWork India Chief Executive Officer Karan Virwani declined to comment. Sources said, WeWork India will continue to use the 'WeWork' brand even if WeWork Global sells its entire stake and exits from the India business. WeWork India will pay some fees to use the brand name. ‘WeWork India operates independently of WeWork Global, and our operations will not be affected in any manner,’ Virwani had said.공시 • Apr 20Amended Reorganization Plan and Disclosure Statement Filed by WeWork Inc.WeWork Inc., along with its affiliates, filed an amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on April 19, 2024. As per the amended plan filed, Go-Forward Guaranty Claims shall be reinstated. Allowed Unsecured Notes Claim and General Unsecured Claim shall receive pro rata share of either cash election or equity election.공시 • Mar 20WeWork Inc. announced delayed annual 10-K filingOn 03/19/2024, WeWork Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.공시 • Dec 06WeWork Inc. Appoints Claudio Hidalgo as Chief Operating OfficerOn December 5, 2023, the Board of Directors of WeWork Inc. (the “Company”) appointed Claudio Hidalgo as Chief Operating Officer, effective immediately. Mr. Hidalgo previously served as the Company’s Chief Operating Officer Americas from June 2023 to November 2023, and as Chief Operating Officer of WeWork Latin America from April 2020 to August 2022. Mr. Hidalgo also co-founded and served as the Chief Operating Officer at Somos Internet in Colombia from September 2022 to June 2023. Prior to joining WeWork, he spent four years (April 2016 - April 2020) at Sprint Corporation where he served as Regional President for the Southeast and then Northeast, covering Puerto Rico and US Virgin Islands. Mr. Hidalgo earned an engineering degree with a minor in economics from the Universidad Gabriela Mistral in Chile and post graduate diplomas at Executive International Leadership Programs from, IESE, INSEAD and Georgetown. There are no arrangements or understandings between Mr. Hidalgo and any other persons pursuant to which he was appointed as the Chief Operating Officer of the Company. There are no family relationships between Mr. Hidalgo and the executive officers or directors of the Company, and no transactions involving the Company and Mr. Hidalgo that would be required to be reported pursuant to Item 404(a) of Regulation S-K.공시 • Nov 15WeWork Inc. announced delayed 10-Q filingOn 11/13/2023, WeWork Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Nov 10+ 1 more updateWeWork Inc.(OTCPK:WEWK.Q) dropped from S&P TMI IndexWeWork Inc.(OTCPK:WEWK.Q) dropped from S&P TMI Index공시 • Nov 09NYSE to Commence Delisting Proceedings Against WeWorkThe New York Stock Exchange LLC announced that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock of WeWork Inc. (the "Company") -- ticker symbol WE -- from the NYSE. Trading in the Company's Class A common stock will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to Listed Company Manual Section 802.01D after the Company's November 7, 2023 disclosure on Form 8-K filed with the Securities and Exchange Commission that the Company has filed voluntary petitions to commence proceedings under Chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of New Jersey. In reaching its delisting determination, NYSE Regulation noted that the Company has entered into a restructuring support agreement with certain stakeholders who have agreed, subject to certain terms and conditions, to support a plan of reorganization provides that, among other things, the Company's outstanding Class A common stock would be cancelled, released, discharged, and extinguished upon consummation of the plan, and holders thereof would not receive any recovery. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company's Class A common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision.공시 • Nov 08WeWork Inc. Filed for BankruptcyWeWork Inc., along with its 515 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of New Jersey on November 6, 2023. The debtor listed both its assets and liabilities in the range of $10 billion to $50 billion. The debtor is represented by Michael D. Sirota of Cole Schotz P.C., Munger, Tolles & Olson LLP, Kirkland & Ellis LLP and Kirkland & Ellis International LLP as its legal counsels, PJT Partners LP as investment banker, Alvarez & Marsal North America, LLC as restructuring advisor, Epiq Corporate Restructuring, LLC as claims and noticing agent, Deloitte Tax LLP as tax advisor, Province, LLC, as financial advisor.공시 • Nov 03WeWork Inc. is Heading Towards BankruptcyWeWork Inc.is heading towards bankruptcy, as of November 1, 2023. WeWork Inc. is expected to file a Chapter 11 bankruptcy petition within the next couple of days as it nears an agreement with existing creditors. The company is finalizing a reorganization pact with its largest creditors/ is leading towards a bankruptcy proceeding under Chapter 11.공시 • Oct 21WeWork Inc Announces Resignation of Anthony Yazbeck as President and Chief Operating Officer OOn October 13, 2023, WeWork Inc. and Anthony Yazbeck agreed that Mr. Yazbeck would leave from his position as President and Chief Operating Officer of the Company, effective October 20, 2023.공시 • Oct 17+ 1 more updateWeWork Inc. Appoints Paul Keglevic as Chair of the Board of DirectorsWeWork Inc. announced that current WeWork Board member, Paul Keglevic, was appointed Chair of the Board of Directors, effective September 1, 2023.New Risk • Sep 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 93% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-US$3.6b). Shareholders have been substantially diluted in the past year (93% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$1.0b). Currently unprofitable and not forecast to become profitable over next 2 years (US$384m net loss in 2 years).공시 • Sep 05WeWork Announces Completion of 1-for-40 Reverse Stock Split to Regain Compliance with Minimum Closing Price RequirementWeWork Inc. announced that it has completed the previously announced 1-for-40 reverse stock split of its outstanding shares of Class A Common Stock and Class C Common Stock. The reverse stock split became effective at 4:01 p.m. Eastern Time September 4, 2023, and the company's Class A Common Stock will begin trading on a split-adjusted basis at the market open on September 5, 2023. The reverse stock split was effected to enable the Company to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on the New York Stock Exchange. The company does not expect the reverse stock split to impact its current or future business operations.공시 • Sep 03WeWork Provides NYSE Compliance UpdateOn June 12, 2023, the stockholders of WeWork Inc. (the ‘company’) approved an amendment to the Company’s second amended and restated certificate of incorporation to effect a reverse stock split of the Company’s Class A common stock, par value $0.0001 per share (the ‘Class A Common Stock’), and Class C common stock, par value $0.0001 per share (the ‘Class C Common Stock’), by a ratio in the range of 1-for-10 to 1-for-40, with such ratio to be determined at the discretion of the board of directors of the Company. On August 17, 2023, the board of directors of the Company approved the reverse stock split of the Class A Common Stock and the Class C Common Stock at a ratio of 1-for-40. On September 1, 2023, the Company filed a Certificate of Amendment to the Company’s second amended and restated certificate of incorporation (the ‘Amendment’) with the Secretary of State of the State of Delaware, which effected, on September 1, 2023 (the ‘Effective Time’), a 1-for-40 reverse stock split of the Company’s Class A Common Stock and Class C Common Stock. The Amendment was filed to enable the Company to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on the New York Stock Exchange (the ‘NYSE’).공시 • Aug 19WeWork to Conduct 1-for-40 Reverse Stock Split to Regain Compliance with the Minimum Closing Price Required to Maintain Continued Listing on the New York Stock ExchangeWeWork Inc. announced that it will proceed with a 1-for-40 reverse stock split of its outstanding shares of Class A common stock and Class C common stock following approval by its board of directors and within the ratio range previously authorized by shareholders at the annual meeting of the company's shareholders on June 12, 2023. The reverse stock split will be effective at 4:01 p.m., Eastern Time, on September 1, 2023. The company’s Class A common stock will begin trading on a post-split basis at the market open on September 5, 2023. The reverse stock split is being effected primarily to increase the company’s per share trading price and to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on the New York Stock Exchange. The company does not expect the reverse stock split to impact its current or future business operations.Board Change • Aug 15Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 1 independent director (8 non-independent directors). Director Alex Clavel is the most experienced director on the board, commencing their role in 2022. Independent Director Manoj Kohli was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.매출 및 비용 세부 내역WeWork가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이MUN:9WE 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비30 Sep 233,335-1,8552,910030 Jun 233,358-1,6352,986031 Mar 233,329-1,8633,064031 Dec 223,245-2,0343,167030 Sep 223,115-2,7013,336030 Jun 222,959-2,9363,440031 Mar 222,737-3,2483,525031 Dec 212,570-4,8453,653030 Sep 212,518-4,8643,734030 Jun 212,668-5,0034,021031 Mar 212,957-4,9774,263031 Dec 203,416-3,1294,599030 Jun 203,862-3,6235,912031 Mar 203,787-3,2716,091031 Dec 193,459-3,2655,281030 Jun 192,593-1,6722,888031 Mar 192,208-1,5572,225031 Dec 181,822-1,6112,598031 Dec 17886-8841,188031 Dec 16436-4305160양질의 수익: 9WE 은(는) 현재 수익성이 없습니다.이익 마진 증가: 9WE는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 9WE는 수익성이 없지만 지난 5년 동안 연평균 0.1%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 9WE의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 9WE은 수익성이 없어 지난 해 수익 성장률을 Real Estate 업계(46%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 9WE의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YReal-estate-management-and-development 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/12/02 22:20종가2023/09/04 00:00수익2023/09/30연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스WeWork Inc.는 4명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관William CatherwoodBTIGBrett KnoblauchCantor Fitzgerald & Co.Vikram MalhotraMizuho Securities USA LLC1명의 분석가 더 보기
공시 • Jun 13WeWork Files Form 15WeWork Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's Class A common stock was $0.0001 per share.
공시 • Jun 02WeWork Inc. Appoints Anant Yardi as CEO Post-BankruptcyWeWork Inc. announced that Anant Yardi, took over as the CEO of WeWork on May 30, following a federal bankruptcy court's decision to transfer control of the co-working giant to its creditors. Yardi, a low-profile yet highly successful entrepreneur, ranks among the wealthiest in the software industry. His journey began in 1963 when he became the second person to achieve the top rank in the IIT JEE, a prestigious engineering entrance exam in India. Yardi moved to the United States in 1968 and founded Yardi Systems in 1984, a company specializing in property management software. Yardi Systems generates nearly $3 billion in annual revenue, making him a billionaire. According to the Financial Times, Yardi invested over $200 million in WeWork less than two years ago through an anonymous vehicle. Recently, he committed an additional $337.5 million to counter a bid from former WeWork CEO Adam Neumann, who attempted to regain control of the company. Yardi plans to steer WeWork towards targeting small businesses and incorporating hotel-like technologies like real-time bookings. Despite the company's recent struggles, Yardi remains optimistic about its future. Meanwhile, US Bankruptcy Judge John Sherwood approved WeWork's Chapter 11 bankruptcy plan on May 30. This approval allows the beleaguered shared office space provider to eliminate $4 billion in debt and transfer the company's equity to a group of lenders and the real estate technology company, Yardi Systems, as per Reuters. During the Newark, New Jersey court hearing, WeWork attorney Steven Serajeddini confirmed that the company is poised to emerge from bankruptcy debt-free "in a matter of days." This marks a critical juncture for WeWork, which has faced steep losses and overextension in its real estate portfolio, leading to its bankruptcy filing in November 2023. The bankruptcy proceedings enabled WeWork to negotiate a substantial reduction in future rent costs from its landlords and cancel leases at about one-third of its locations. This strategy will save the company over $12 billion in future rent expenses. Post-bankruptcy, WeWork plans to operate 337 shared office spaces, with more than 170 locations in the U.S. and Canada. During the restructuring process, WeWork rejected an alternate buyout proposal from its co-founder and former CEO, Adam Neumann. The company's lenders favoured an equity stake over Neumann's offer, which was deemed insufficient.
공시 • Apr 30+ 2 more updatesCombined Hearing for Disclosure Statement and Plan Approved for WeWork Inc.The US Bankruptcy Court conditionally approved the adequacy of disclosure statement and combined hearing to consider approval of disclosure statement and prepackaged plan of WeWork Inc. on April 29, 2024. The debtor had filed its third amended disclosure statement and plan in the Court on April 29, 2024. The voting record date is April 22, 2024. Any objections to the plan should be made before May 28, 2024 and the confirmation hearing for the plan and disclosure statement has been scheduled for May 30, 2024.
공시 • Apr 24WeWork Global in Talks to Sell Entire 27% Stake in India UnitCo-working firm WeWork Inc. (OTCPK:WEWK.Q) (WeWork Global), which has filed for bankruptcy in the US, is in talks with potential investors to sell its entire 27% stake in Wework India Management Private Limited (WeWork India) to monetise its investments, sources said. Bengaluru-based real estate firm Embassy Property Developments Private Limited (Embassy Group), which holds the remaining 73% stake in WeWork India, might also dilute some shareholdings to raise funds, they added. WeWork India, which started operations in 2017, has over 8 million square feet of assets signed across 54 locations in New Delhi, Bengaluru, Mumbai, Gurugram, Noida, Pune, and Hyderabad. WeWork India had posted a turnover of INR 14,000 million during the 2022-23 fiscal year. In June 2021, WeWork Global invested USD 100 million in WeWork India to pick a 27% stake. The investments helped Indian business to tide over the financial difficulties during the COVID pandemic, which had severely affected the office market. When contacted, WeWork India Chief Executive Officer Karan Virwani declined to comment. Sources said, WeWork India will continue to use the 'WeWork' brand even if WeWork Global sells its entire stake and exits from the India business. WeWork India will pay some fees to use the brand name. ‘WeWork India operates independently of WeWork Global, and our operations will not be affected in any manner,’ Virwani had said.
공시 • Apr 20Amended Reorganization Plan and Disclosure Statement Filed by WeWork Inc.WeWork Inc., along with its affiliates, filed an amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on April 19, 2024. As per the amended plan filed, Go-Forward Guaranty Claims shall be reinstated. Allowed Unsecured Notes Claim and General Unsecured Claim shall receive pro rata share of either cash election or equity election.
공시 • Mar 20WeWork Inc. announced delayed annual 10-K filingOn 03/19/2024, WeWork Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
공시 • Dec 06WeWork Inc. Appoints Claudio Hidalgo as Chief Operating OfficerOn December 5, 2023, the Board of Directors of WeWork Inc. (the “Company”) appointed Claudio Hidalgo as Chief Operating Officer, effective immediately. Mr. Hidalgo previously served as the Company’s Chief Operating Officer Americas from June 2023 to November 2023, and as Chief Operating Officer of WeWork Latin America from April 2020 to August 2022. Mr. Hidalgo also co-founded and served as the Chief Operating Officer at Somos Internet in Colombia from September 2022 to June 2023. Prior to joining WeWork, he spent four years (April 2016 - April 2020) at Sprint Corporation where he served as Regional President for the Southeast and then Northeast, covering Puerto Rico and US Virgin Islands. Mr. Hidalgo earned an engineering degree with a minor in economics from the Universidad Gabriela Mistral in Chile and post graduate diplomas at Executive International Leadership Programs from, IESE, INSEAD and Georgetown. There are no arrangements or understandings between Mr. Hidalgo and any other persons pursuant to which he was appointed as the Chief Operating Officer of the Company. There are no family relationships between Mr. Hidalgo and the executive officers or directors of the Company, and no transactions involving the Company and Mr. Hidalgo that would be required to be reported pursuant to Item 404(a) of Regulation S-K.
공시 • Nov 15WeWork Inc. announced delayed 10-Q filingOn 11/13/2023, WeWork Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Nov 10+ 1 more updateWeWork Inc.(OTCPK:WEWK.Q) dropped from S&P TMI IndexWeWork Inc.(OTCPK:WEWK.Q) dropped from S&P TMI Index
공시 • Nov 09NYSE to Commence Delisting Proceedings Against WeWorkThe New York Stock Exchange LLC announced that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock of WeWork Inc. (the "Company") -- ticker symbol WE -- from the NYSE. Trading in the Company's Class A common stock will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to Listed Company Manual Section 802.01D after the Company's November 7, 2023 disclosure on Form 8-K filed with the Securities and Exchange Commission that the Company has filed voluntary petitions to commence proceedings under Chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of New Jersey. In reaching its delisting determination, NYSE Regulation noted that the Company has entered into a restructuring support agreement with certain stakeholders who have agreed, subject to certain terms and conditions, to support a plan of reorganization provides that, among other things, the Company's outstanding Class A common stock would be cancelled, released, discharged, and extinguished upon consummation of the plan, and holders thereof would not receive any recovery. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company's Class A common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision.
공시 • Nov 08WeWork Inc. Filed for BankruptcyWeWork Inc., along with its 515 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of New Jersey on November 6, 2023. The debtor listed both its assets and liabilities in the range of $10 billion to $50 billion. The debtor is represented by Michael D. Sirota of Cole Schotz P.C., Munger, Tolles & Olson LLP, Kirkland & Ellis LLP and Kirkland & Ellis International LLP as its legal counsels, PJT Partners LP as investment banker, Alvarez & Marsal North America, LLC as restructuring advisor, Epiq Corporate Restructuring, LLC as claims and noticing agent, Deloitte Tax LLP as tax advisor, Province, LLC, as financial advisor.
공시 • Nov 03WeWork Inc. is Heading Towards BankruptcyWeWork Inc.is heading towards bankruptcy, as of November 1, 2023. WeWork Inc. is expected to file a Chapter 11 bankruptcy petition within the next couple of days as it nears an agreement with existing creditors. The company is finalizing a reorganization pact with its largest creditors/ is leading towards a bankruptcy proceeding under Chapter 11.
공시 • Oct 21WeWork Inc Announces Resignation of Anthony Yazbeck as President and Chief Operating Officer OOn October 13, 2023, WeWork Inc. and Anthony Yazbeck agreed that Mr. Yazbeck would leave from his position as President and Chief Operating Officer of the Company, effective October 20, 2023.
공시 • Oct 17+ 1 more updateWeWork Inc. Appoints Paul Keglevic as Chair of the Board of DirectorsWeWork Inc. announced that current WeWork Board member, Paul Keglevic, was appointed Chair of the Board of Directors, effective September 1, 2023.
New Risk • Sep 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 93% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-US$3.6b). Shareholders have been substantially diluted in the past year (93% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$1.0b). Currently unprofitable and not forecast to become profitable over next 2 years (US$384m net loss in 2 years).
공시 • Sep 05WeWork Announces Completion of 1-for-40 Reverse Stock Split to Regain Compliance with Minimum Closing Price RequirementWeWork Inc. announced that it has completed the previously announced 1-for-40 reverse stock split of its outstanding shares of Class A Common Stock and Class C Common Stock. The reverse stock split became effective at 4:01 p.m. Eastern Time September 4, 2023, and the company's Class A Common Stock will begin trading on a split-adjusted basis at the market open on September 5, 2023. The reverse stock split was effected to enable the Company to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on the New York Stock Exchange. The company does not expect the reverse stock split to impact its current or future business operations.
공시 • Sep 03WeWork Provides NYSE Compliance UpdateOn June 12, 2023, the stockholders of WeWork Inc. (the ‘company’) approved an amendment to the Company’s second amended and restated certificate of incorporation to effect a reverse stock split of the Company’s Class A common stock, par value $0.0001 per share (the ‘Class A Common Stock’), and Class C common stock, par value $0.0001 per share (the ‘Class C Common Stock’), by a ratio in the range of 1-for-10 to 1-for-40, with such ratio to be determined at the discretion of the board of directors of the Company. On August 17, 2023, the board of directors of the Company approved the reverse stock split of the Class A Common Stock and the Class C Common Stock at a ratio of 1-for-40. On September 1, 2023, the Company filed a Certificate of Amendment to the Company’s second amended and restated certificate of incorporation (the ‘Amendment’) with the Secretary of State of the State of Delaware, which effected, on September 1, 2023 (the ‘Effective Time’), a 1-for-40 reverse stock split of the Company’s Class A Common Stock and Class C Common Stock. The Amendment was filed to enable the Company to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on the New York Stock Exchange (the ‘NYSE’).
공시 • Aug 19WeWork to Conduct 1-for-40 Reverse Stock Split to Regain Compliance with the Minimum Closing Price Required to Maintain Continued Listing on the New York Stock ExchangeWeWork Inc. announced that it will proceed with a 1-for-40 reverse stock split of its outstanding shares of Class A common stock and Class C common stock following approval by its board of directors and within the ratio range previously authorized by shareholders at the annual meeting of the company's shareholders on June 12, 2023. The reverse stock split will be effective at 4:01 p.m., Eastern Time, on September 1, 2023. The company’s Class A common stock will begin trading on a post-split basis at the market open on September 5, 2023. The reverse stock split is being effected primarily to increase the company’s per share trading price and to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on the New York Stock Exchange. The company does not expect the reverse stock split to impact its current or future business operations.
Board Change • Aug 15Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 1 independent director (8 non-independent directors). Director Alex Clavel is the most experienced director on the board, commencing their role in 2022. Independent Director Manoj Kohli was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.