WeWork Plans 1-for-40 Reverse Stock Split to Save Listing
- Split is a bid to remain listed on the New York Stock Exchange
- WeWork has said there is ‘substantial doubt’ about its future
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WeWork Inc., the troubled co-working company on the brink of collapse, is moving forward with a 1-for-40 reverse stock split in a bid to save its listing on the New York Stock Exchange.
Shares on Friday hit the lowest intraday level on record and closed at 14 cents, an 11% decline.