18th August 2023 – WeWork trading at $0.14 (18/8/23) has filed for 1-for-40 reverse stock split ($0.14 to $5.60) to maintain NYSE listing requirement of $1 per share (New York Stock Exchange, trading below $1 for 30 days can trigger delisting), with WeWork current market value at $298 million (18/8/23) after a $9 billion IPO SPAC Merger in 2021 (Special Purpose Acquisition Company). Earlier in August 2023, WeWork had submitted a filing to United States SEC (Securities & Exchange Commission) including a statement on the company ability to continue. A few actions WeWork had submitted to United States including WeWork needs to negotiate better terms on the current leases, increasing membership and issuing debts or selling existing assets. In 2023, WeWork reported $1.69 billion revenue and $696 million net loss.