WeWork announces 1-for-40 reverse stock split to retain New York listing::US office space group recently warned it faced ‘substantial doubt’ about ability to continue as a going concern
WeWork announces 1-for-40 reverse stock split to retain New York listing::US office space group recently warned it faced ‘substantial doubt’ about ability to continue as a going concern
Now, I’m not as smart as the refined folk at the FT, but I think the word they are looking for is “merge”, not “reverse split”.
You’d think, but in fact that is what it’s actually called in the financial world.
https://www.investopedia.com/terms/r/reversesplit.asp
Well don’t I look foolish!