WeWork Receives Listing Non-Compliance Notice From NYSE

April 19, 2023 6:58 AM | 1 min read | Make a Comment

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.

Posted In: News Penny Stocks Small Cap Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.