BowX said it intends to voluntarily remove its Nasdaq listing and transfer to the NYSE, pending shareholder approval of the SPAC”s merger deal with WeWork. The vote is set for Oct. 19.
If approved, WeWork stock and warrants would then trade on the NYSE under WE and WE WS.
Announced in March, the transaction values WeWork at a pre-transaction equity value of approximately $6.553 billion.
BOWX’s common stock, warrants and units will continue to trade on the Nasdaq until the closing.
The new listing and Nasdaq delisting are subject to the closing of the business combination and fulfillment of all NYSE listing requirements. Read more.
