regulatory
confidence high
sentiment negative
materiality 0.95
WeWork Inc.: Nasdaq/NYSE listing notice — WeWork receives NYSE delisting notice due to Chapter 11; stock moves to OTC Pink
WeWork Inc.
- NYSE Regulation determined to delist WeWork Class A common stock from NYSE on Nov 7 after Chapter 11 filing; trading suspended immediately.
- WeWork does not intend to appeal; delisting effective ~10 days after NYSE files Form 25 with SEC.
- Common stock began trading on OTC Pink under symbol 'WEWKQ' on Nov 8, 2023.
- Company warns that stock trading is highly speculative during Chapter 11; holders could face significant or total loss.
- Warrants had been delisted from NYSE in Aug 2023; trade OTC Pink under 'WEWOW'.