WeWork Inc. (WEWKQ)
| Previous Close | 0.1200 |
| Open | 0.1300 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | 0.1200 - 0.2100 |
| 52 Week Range | 0.0100 - 15.1600 |
| Volume | |
| Avg. Volume | 36,608 |
| Market Cap | 11.079M |
| Beta (5Y Monthly) | 0.75 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | May 14, 2024 - May 17, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 12.00 |
ReutersWeWork reaches settlement with creditors, rebuffs Neumann bid
Shared office space provider WeWork announced on Monday a settlement with its junior creditors and a new cash infusion from its senior lenders, moving ahead with a bankruptcy deal that rejects a $650 million offer from co-founder and former owner Adam Neumann. During a hearing in Newark, New Jersey, U.S. Bankruptcy Judge John Sherwood signed off on the New York-based, SoftBank-backed company sending its restructuring plan to a creditor vote, putting it on track to exit bankruptcy by the end of May. The restructuring, now supported by all of WeWork's major creditors, would hand the company's equity to its senior lenders and cancel its $4 billion in debt.
ReutersWeWork founder Neumann wants bankruptcy court's help in bid to repurchase company
(Reuters) -WeWork founder Adam Neumann has asked a U.S. bankruptcy judge to help his bid to re-acquire the coworking business, saying Monday that WeWork's management should engage in talks or be forced to cede control of the company's restructuring. Neumann's new real estate company, Flow Global, has sought to buy WeWork out of bankruptcy, recently offering over $500 million.
ReutersAdam Neumann moves to buy back WeWork as it seeks funds to exit bankruptcy, FT reports
The shared office space provider was running short of cash and needed as much as $400 million in fresh funding to have a chance of emerging viably, FT said, citing two people familiar with the matter. Alex Spiro, an attorney for Neumann's real estate firm Flow told FT that the company and its financial partners were prepared to beat any other offer that WeWork has received by 10%. Adam Neumann had submitted a bid of more than $500 million to buy back WeWork, Reuters reported last month citing a person familiar with the matter.
