WeWork (WEWKQ) has shared an update.
The Company has submitted a Monthly Operating Report for March 2024 to the Bankruptcy Court, providing a snapshot of its financial activities during its Chapter 11 proceedings. Investors are advised to exercise caution and not rely solely on this report for investment decisions, as it hasn’t been audited, is not prepared according to standard accounting principles, and may not fully represent the company’s financial status. The report, along with the caution against placing undue reliance on forward-looking statements, underscores the uncertainties and risks associated with the Company’s current restructuring process and the ongoing impact of the COVID-19 pandemic on its operations and financial health.
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