WeWork Inc.: Nasdaq/NYSE listing notice — WeWork receives NYSE delisting notice for stock price below $1 average over 30 days

WeWork Inc.

NYSE notice on April 12, 2023 for average closing price <$1 over 30 consecutive trading days.
Company has six months to cure; intends to consider alternatives to regain compliance.
No immediate impact on listing or trading; business operations unaffected.
Must notify NYSE of cure intent within 10 business days.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

WeWork Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

April 12, 2023 , WeWork Inc. (the “Company”) received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that as of April 11, 2023 it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual (“Section 802.01C”) because the average closing price of the Company’s Class A Common Stock (the “Common Stock”) was less than $1.00 per share over a consecutive 30 trading-day period. The Notice has no immediate impact on the listing of the Common Stock on the NYSE, subject to the Company’s compliance with the NYSE’s other

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Source: SEC EDGAR

accession 0001813756-23-000031

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