BowX Acquisition Corp

BowX Acquisition Corp. operates as a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was founded on May 19, 2020 and is headquartered in Menlo Park, CA. Redemption Price: 10. Warrant Coverage: 1/3.

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WeWork, Inc. engages in the provision of flexible workspace solutions. It offers access to office spaces, internet connection, and other shared facilities. The company was founded in 2010 and is headquartered in New York, NY.

The Special Purpose Acquisition Company (SPAC) begins trading publicly. During this phase the SPAC looks for a target company to merge with or acquire.

SEARCHING PHASE

The SPAC announces which company it will be acquiring (and taking public).

PREVIOUS PHASE

Investors and shareholders will meet to approve the acquisition.

CURRENT PHASE

WeWork will partner with cryptocurrency firms Bitpay and Coinbase to facilitate transactions of Bitcoin, Ethereum, USD Coin, Paxos and several other digital currency offerings.

WeWork to begin accepting crypto payments

WeWork is dipping its toes into the crypto game with payment plans as more companies start allowing the use of digital assets. The post WeWork ‘Works' With Bitcoin?

WeWork ‘Works' With Bitcoin? 7 Things to Know About the Office Space Company's New Crypto Plans

WeWork announced on Tuesday that it will begin accepting cryptocurrencies as a form of payment and plans to hold the digital assets on its balance sheet. Specifically, WeWork plans to accept bitcoin, ethereum, USD Coin, paxos, and "several other cryptocurrencies" as payment for its services.

WeWork will accept crypto as payment and hold digital currency on its balance sheet

In March, Tesla started accepting bitcoin as payment for its cars.

WeWork To Accept Crypto—And Will Pay Its Landlords In Crypto

Flexible work space provider WeWork said on Tuesday it would begin accepting select cryptocurrency for payments.

WeWork to begin accepting cryptocurrency for payments

WeWork, which had one of the most spectacular IPO implosions in recent years, is trying to go public again—and some of the factors that worried regulators on the first deal are back again.

WeWork's new stock-listing plan has echoes of its past

WeWork isn't doing an initial public offering this time, but merging with a special-purpose acquisition company, or SPAC.

The Wall Street Journal: WeWork's new push to go public hasn't eased regulators' concerns

The co-working company is using the SPAC route to the public markets.

WeWork Is Finally Going Public -- Should You Invest?

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With SPACs, you can get in on the ground floor of good -- or bad -- ideas, or you can just bet on the guys holding the checkbook. The post 8 Major Players in the SPAC Game to Watch appeared first on InvestorPlace.

8 Major Players in the SPAC Game to Watch

Despite losing $60 million per week of SoftBank's money in 2020, WeWork didn't go out of business. If WeWork turns the corner to profitability in Q4 of this year, as it has promised investors, it will be the case study in fire intensity and germination.

We (Might) Work

NEW YORK, April 2, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating BowX Acquisition Corp. ("BOWX" or the "Company") ( BOWX ) relating to its proposed merger with WeWork. Under the terms of the agreement, BOWX will acquire WeWork through a reverse merger, with WeWork emerging as a publicly traded company.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of BowX Acquisition Corp. - BOWX

SoftBank Group Corp

An unlikely figure helped set the spark for SoftBank Group's $9 billion deal to take WeWork public. Adam Neumann, WeWork's co-founder and ousted chief executive, met in November with the head of the special purpose acquisition company that would go on to clinch a deal with WeWork, according to people familiar with the matter.

Adam Neumann helped secure SoftBanks SPAC deal in final WeWork act

An unlikely figure helped set the spark for SoftBank Group Corp's $9 billion deal to take WeWork public.

Exclusive: Adam Neumann's final WeWork act - helping SoftBank's SPAC deal

Among the hallmarks of the special purpose acquisition (SPAC) go-to-market strategy is that small, quickly growing firms — the ones that are in need of capital but not the tradeoff of giving up too much autonomy — can come to market. Those are, in a nutshell, some of the key advantages of a model that […]

Will WeWork Work In SPAC Land?

WeWork announced plans to go public with an initial public offering that values the shared-office provider at $9 billion, far below where it once stood before IPO plans collapsed. The post WeWork Attempts To Rise From The Ashes With IPO Via SPAC Merger appeared first on Investor's Business Daily.

WeWork Attempts To Rise From The Ashes With IPO Via SPAC Merger

WeWork is trying its hand at the public markets again, after its failed IPO nearly 2 years ago

WeWork May Finally Work

"We're starting to see, even in New York now, new activity, so we're pretty optimistic," WeWork CEO Sandeep Mathrani told CNBC.

WeWork CEO expects strong rebound for shared office space in post-Covid return to work

WeWork will make its public debut on the stock market via a SPAC deal with Bowx Acquisition Corp (NASDAQ: BOWX) at a time when the office space sharing company is starting to see improving trends. 'Pretty Optimistic': It might seem unusual for WeWork to make its public debut at a time when tens of millions of people are working from home and the path back to the office is unclear.

Why WeWork's CEO Is Bullish On The Return To Offices Ahead Of Public Market Debut

Troubled shared-office provider WeWork is set to merge with a special-purpose acquisition company two years after its plans to go public ended in spectacular disarray.

WeWork to merge with investment company two years after aborted IPO

At this point, if you aren't going public via a direct listing, traditional IPO or SPAC, are you even a growthy business?

WeWork lines up for a second run at the public markets

The money-losing office space firm plans to merge with a blank-check company backed by big Wall Street investors.

WeWork Will Go Public in a Merger With a SPAC

Shared office space firm WeWork is in merger talks with the special purpose acquisition company (SPAC) BowX Acquisition Corp. in a move to go public. “WeWork has spent the past year transforming the business and refocusing its core, while simultaneously managing and innovating through a historic downturn.

WeWork Planning Public Offering With BowX SPAC Merger

WeWork has agreed to sell itself in a blank-check deal that will result in the shared office-space provider becoming a publicly traded company almost two years after its initial public offering debacle.

WeWork agrees to $9B SPAC deal in push for stock-market listing

Nearly two years after failing to launch an initial public offering (IPO) as The We Company, office-space rental firm WeWork has agreed to a business combination with a blank-check company that places a pro forma valuation of $9 billion on WeWork.

WeWork SPAC IPO at $9 Billion, a Long Way from 2019's $47 Billion

WeWork, a dominant player in the market for flexible office space, has agreed to go public through a merger with blank-check firm BowX Acquisition Corp (NASDAQ:BOWX) that values the start-up at $9 billion including debt, the Wall Street Journal reported on Friday.  Citing people familiar with the matter, the Journal said WeWork would raise $1.3 billion, including $800 million in a so-called private investment in public equity, or PIPE, from Insight Partners, funds managed by Starwood Capital Group, Fidelity Management, and others.

News for BowX Acquisition Corp Stock (BOWX)