2023-04-18 17:55:07 ET
- Coworking company WeWork ( NYSE: WE ) on Tuesday said it had got a non-compliance listing notice from the New York Stock Exchange (NYSE).
- WE received the notice on April 12 notifying the company that it was not in compliance with the NYSE's listing standards as the average closing price of its class A shares was less than $1/share over a 30 trading-day period.
- WE intends to cure the deficiency and consider a "number of available alternatives" to cure its non-compliance, the company said in a statement .
- WE last month entered a pact with a group of bondholders, a third-party investor and SoftBank's Vision Fund to boost its liquidity and reduce its debt.
For further details see:
WeWork gets continued listing standard notice from NYSE