BowX Acquisition scheduled an Oct. 19 meeting for stockholders to vote on its proposed merger with WeWork. The vote comes precisely two years after the implosion of the shared workspace company’s initial attempt at an IPO.
BowX today also filed a proxy statement on the deal.
Announced in March, the transaction values WeWork at a pre-transaction equity value of approximately $6.553 billion. The deal is expected to provide WeWork with approximately $1.3 billion of cash, including an $800 million PIPE with participation from Insight Partners, funds managed by Starwood Capital Group, Fidelity Management & Research Company, Centaurus Capital, and funds and accounts managed by BlackRock.
BowX includes NBA legend Shaquille O’Neal on its advisory board. Read more.
