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WeWork to Restate Outcomes Attributable to Classification Error With Its SPAC Acquirer

WeWork to Restate Outcomes Attributable to Classification Error With Its SPAC Acquirer

WeWork Inc. mentioned in a securities submitting that it could restate a number of quarters of its outcomes, together with its newest one, and that administration has concluded there was a cloth weak spot in its inner management.

The office-sharing firm, which went public in October by way of a mixture with BowX Acquisition Corp., a special-purpose acquisition firm, mentioned Wednesday that the reinstatement pertains to accounting classification of frequent shares issued as a part of BowX’s preliminary public providing.

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