WeWork Receives Listing Non-Compliance Notice From NYSE

  • WeWork Inc WE received a notice from NYSE on April 12, 2023, notifying that the company is not in compliance with the continued listing standards.
  • WE’s average closing price of its Class A Common Stock was less than $1.00 per share over a consecutive 30 trading-day period.
  • The company intends to respond to the NYSE within ten business days of receipt of the Notice affirming its intent to cure the deficiency. It has a six-month period to regain compliance.
  • WeWork intends to consider several available alternatives to cure its non-compliance.
  • Price Action: WE shares are trading lower by 0.71% at $0.49 premarket on Wednesday.
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