About BowX Acquisition Corp
Bowx Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It primarily focuses on businesses in the technology, media, and telecommunications industries. The company was founded in 2020 and is based in Menlo Park, California. Address: 2400 Sand Hill Road, Menlo Park, CA, United States, 94025
BowX Acquisition Corp News and around…
Latest news about BowX Acquisition Corp (BOWX) common stock and company :
The co-working giant will make its debut on Wall Street Thursday after merging with a blank check company headed by Sacramento Kings owner Vivek Ranadive.
WeWork, the money-losing office space sharing startup, is expected to merge with SPAC BowX Acquisition Corp. on Oct. 21, 2021.
WeWork, which plans to go public through a SPAC merger, generates most of its revenue by leasing flexible work spaces in the U.S., U.K., and Japan.
BowX Acquisition Corp. (NASDAQ: BOWX, BOWXU, AND BOWXW) (“BowX”), a special purpose acquisition company, today announced that in a special meeting held today, its stockholders voted to approve its business combination with WeWork Inc. (“WeWork”), the leading flexible space provider. The business combination was supported by 97.9% of the votes cast at the meeting, representing approximately 77.6% of BowX’s outstanding shares.
Upslope Capital Management, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio net return of -0.2% was recorded by the fund for the third quarter of 2021, compared to the S&P Midcap 400 ETF and the HFRX Equity Hedge Index that delivered […]
East 72, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio gross return of 2.1% was recorded by the fund for the third quarter of 2021 and a +36.7% gross return over the fiscal year. You can take a look at the […]
BowX Acquisition Corp. (NASDAQ: BOWX, BOWXU, and BOWXW) (“BowX”), a special purpose acquisition company, reminds stockholders to vote in favor of its proposed business combination with WeWork Inc. (“WeWork”) ahead of its special meeting scheduled for October 19, 2021, at 11:00 AM Eastern Time (the “Special Meeting”). Holders of BowX common stock as of the record date of September 14, 2021, should vote their shares even if they no longer own them and regardless of the number of shares they hold.
(Bloomberg) -- WeWork Cos. said its September revenue reached $228 million, its highest monthly sales this year, as the company prepares to list on the New York Stock Exchange.Most Read from BloombergHow France Turned the Humble Roundabout Into a Showcase for ArtWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like NowNYC's Waldorf Gets Plush Renovation, Becomes Icon of China's OverreachTycoon Behind a Crisis-Era Property Crash Now Sits on a $9 Billion Debt MountainThey Invented
WeWork, one of the leading global flexible space providers, today hosted a virtual Investor Day ahead of its planned combination with BowX Acquisition Corp. During the presentation, WeWork’s Chief Executive Officer, Sandeep Mathrani, Chief Financial Officer, Ben Dunham, and VP, Investor Relations and Corporate Development, Chandler Salisbury, presented a detailed overview of WeWork’s market position, strategy, and growth plans as companies around the world prepare for the future of work. Highlights of the presentation are included below. A full playback of the presentation and supporting materials are accessible at: investors.wework.com.
If you want to know who really controls BowX Acquisition Corp. ( NASDAQ:BOWX ), then you'll have to look at the makeup...
The month of October marks a slowdown in SPAC merger deal votes, but the calendar does include several multibillion-dollar ...
WeWork announced today that it will host an Investor Day on Thursday, October 7, starting at 11:30 AM ET.
(Bloomberg) -- WeWork Cos. plans to begin trading its shares around Oct. 21 on the New York Stock Exchange, nearing the end of a years-long journey to the public markets.Most Read from BloombergSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksIn Paris, the Wrapped Arc de Triomphe Is a Polarizing PackageBerlin Referendum Could Determine the Future of the City’s HousingHow the Child Care Crisis Became a Global
BowX Acquisition Corp. (NASDAQ: BOWX, BOWXU, and BOWXW) (“BowX”)), a special purpose acquisition company, has filed its definitive proxy statement/prospectus with the Securities and Exchange Commission (the “SEC”) and established September 14, 2021 as the record date in connection with the previously announced proposed business combination with WeWork Inc. (“WeWork”), the leading flexible space provider.
New York, New York--(Newsfile Corp. - September 1, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased BowX Acquisition Corp. ("BowX" or "Company") (NASDAQ: BOWX) stock prior to March 26, 2021.You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of BowX with WeWork. Under the terms of merger, shareholders of BowX will own ...
Co-working office operator WeWork is technically not a publicly traded company yet, although it will be soon. At the end of the second quarter, WeWork operated 763 locations in 38 countries, with about 517,000 members. WeWork reported 98,000 desk sales in the second quarter, nearly 13% more than it sold during the first quarter.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100..
On Thursday, shares of BowX Acquisition (NASDAQ:BOWX) saw unusual options activity. After the option alert, the stock price moved down ...
Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of BowX Acquisition Corp. (NASDAQ: BOWX).
East 72, an investment management firm, published its second quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio gross return of 6.2% was recorded by the fund for the 2nd quarter of 2021 and a 33.6% gross return over the fiscal year. You can view the fund’s top 5 […]
SoftBank Group Corp(OTC: SFTBY) (OTC: SFTBF)-backed global co-working company, WeWork’s, April and May desk sales marked ...
(Bloomberg) -- As vaccination rates rise and workers start to trickle back into offices, WeWork is having its best months in almost two years.The global co-working company said Monday that it sold enough desks in April and May -- and had fewer cancellations -- to record its best net desk sales since September 2019.Back then, WeWork’s attempt at an initial public offering fizzled and it drastically cut expenses, laid off thousands of employees, and ousted its chief executive officer. As new CEO S
NEW YORK, NY / ACCESSWIRE / May 21, 2021 /Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating: * Premier Financial Bancorp, Inc. ("PFBI" or the "Company") (NASDAQ:PFBI) relating to its proposed acquisition by Peoples Bancorp, Inc.
WeWork, the flexible office space company, said in the extended session Thursday that it lost more than $2 billion in its first quarter.
According to Goldman Sachs, during the last 18 years, stocks with the largest increase in the number of hedge-fund investors have typically gone on to outperform sector peers during the quarters following their rise in popularity.
(Bloomberg) -- WeWork lost $2.06 billion in the first quarter, overwhelmed by effects of the coronavirus pandemic and a settlement with the ousted co-founder Adam Neumann, according to a person familiar with the financials.The mounting loss was due largely to a variety of one-time costs, which also include office closings and other restructuring, said the person, who asked not to be identified because the details are private. The settlement with Neumann resulted in a non-cash writedown of nearly $500 million, the person said.The quarterly loss was almost four times larger than it was in the same period a year ago, according to the Financial Times, which reported the details earlier Thursday. A representative for WeWork didn’t immediately have a comment, and a spokesman for Neumann declined to comment.Neumann resigned in 2019 after a plan to take the company public imploded. SoftBank Group Corp. bailed out the business and clashed with Neumann in court over an unfulfilled stock transaction. They agreed to settle in February.Under a new chief executive officer, Sandeep Mathrani, WeWork is refocusing on its core business of renting office space and is seeking to shed costs. The adjusted loss before interest, tax and other expenses narrowed from the fourth quarter to $446 million, the person said.The pandemic was tough on WeWork’s business, but executives have said the company is well-positioned for a post-outbreak economy. Marcelo Claure, WeWork’s executive chairman, said at a Bloomberg conference this week that customer demand now exceeds pre-pandemic levels. Customers have committed $1.9 billion in future sales, the person familiar with the financial details said.After its failed attempt at an initial public offering, WeWork plans to try again this year by merging with a special purpose acquisition company, BowX Acquisition Corp. WeWork had liquid assets of $2.2 billion in the first quarter and is expected to have $3 billion when its merger closes sometime in the third quarter, the person said.(Updates with response from Neumann spokesman in the third paragraph.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Office-rental company WeWork Chair Marcelo Claure acknowledged demand had bounced back to higher than pre-pandemic ...
(Bloomberg) -- WeWork, the office-rental company most closely associated with entrepreneurial excess, has seen demand bounce back in the aftermath of the Covid-19 pandemic, and inquiries from potential customers exceed what they were before nationwide lockdowns, its executive chairman said.“The demand for WeWork space today is higher than it was prior to the pandemic,” said Marcelo Claure, who is also chief operating officer of SoftBank Group Corp., WeWork’s biggest investor, during an interview at the Bloomberg Businessweek virtual summit.A spokeswoman for WeWork said revenue had recovered after a pandemic dip. “Sales are back to pre-pandemic levels, and our sales pipeline is strong,” she wrote in an email.WeWork attempted an initial public offering two years ago, but the deal imploded after investors lost confidence in its former chief executive officer, Adam Neumann, and its lofty $47 billion valuation. After its very public meltdown, the company retrenched, cutting thousands of jobs.Listen to the podcast: Foundering: The WeWork StoryNow, WeWork is again seeking to go public, this time with a new CEO, real estate veteran Sandeep Mathrani, and on the Nasdaq via a $9 billion merger with a special-purpose acquisition company, BowX Acquisition Corp. Shares of BowX rose about 7% on Tuesday after Claure’s comments.Covid-19 shutdowns gave WeWork a chance to “reinvent” itself, Claure said, prompting the company to slash costs. In a March presentation, WeWork said revenue excluding China for 2021 was estimated at $3.2 billion, on par with 2020 and 2019. Now, as more employers experiment with bringing workers back to the office on flexible schedules and sometimes in far-flung locations, WeWork said it’s ready.Customers “are basically sending us their employees because they don’t know how many days they’re going to be working,” Claure said. “They don’t know where their business is going to grow.” Because many companies are reluctant to sign long-term leases, WeWork’s flexible terms hold greater appeal, he said.In the wide-ranging interview, Claure was asked about what’s next for SoftBank and its founder, Masayoshi Son, and about Claure’s hometown of Miami. He declined to say who the next leader of SoftBank might be, saying that only Son, 63, knows the answer. Claure also talked up Miami’s efforts to build its startup ecosystem. “It has an incredible feel,” he said, “what Silicon Valley used to have.”(Updates with shares in the fifth paragraph.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.