- WeWork Inc WE get a notification by the NYSE on April 12, 2023, stating that the company is failing to comply with continued listing standards.
- WE’s average closing price for its Class A common shares has been below $1.00 per share for 30 consecutive trading days.
- The Company intends to respond to the NYSE within ten business days of receipt of the notice stating its intention to remedy the deficiency. It has a period of six months to restore compliance.
- WeWork intends to consider several alternatives available to address the non-compliance.
- Price promotion: WE shares traded 0.71% lower at $0.49 premarket on Wednesday.
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