WeWork Statement Regarding Potential Equity Investment

Rhea-AI Summary

WeWork Inc. (NYSE: WE) announced it is exploring inbound interest for an additional equity investment but clarified it has no plans to issue more equity currently. The company's liquidity at the end of Q3 stands at $2.3 billion. This statement follows reports about its potential funding strategies, showcasing WeWork's current financial stability as it navigates market dynamics.

Positive

• Liquidity of $2.3 billion at the end of Q3 indicates strong financial health.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- WeWork Inc. (NYSE: WE) ("WeWork"), a leading flexible space provider, today issued the below statement regarding reports of exploring inbound interest for an additional equity investment:

The company has no plans to issue additional equity at this time. Our liquidity at the end of the third quarter stands at $2.3 billion.

About WeWork

WeWork Inc. (NYSE: WE) was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since then, we’ve become one of the leading global flexible space providers committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences. For more information about WeWork, please visit us at wework.com.

Category: Investor Relations

View source version on businesswire.com: https://www.businesswire.com/news/home/20220304005556/en/

Investors

Chandler Salisbury

investor@wework.com

Media

Nicole Sizemore

press@wework.com

Source: We Work

FAQ

What is WeWork's current liquidity status as of Q3 2023?

WeWork's liquidity at the end of Q3 2023 is $2.3 billion.

Is WeWork planning to issue additional equity in 2023?

No, WeWork has stated it has no plans to issue additional equity at this time.

What did WeWork announce regarding equity investments?

WeWork announced that it is exploring inbound interest for an additional equity investment.

What is the stock symbol for WeWork?

The stock symbol for WeWork is WE.