WeWork Inc. mentioned in a securities submitting that it will restate a number of quarters of its outcomes, together with its newest one, and that administration has concluded there was a cloth weak point in its inside management.
The office-sharing firm, which went public in October via a mix with BowX Acquisition Corp., a special-purpose acquisition firm, mentioned Wednesday that the reinstatement pertains to accounting classification of widespread shares issued as a part of BowX’s preliminary public providing.