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

The blank check company that is set to take WeWork public jumped 6.77% in early trading on Friday.  BowX Acquisition Corp traded above $10.37 a share Friday after an announcement that it will combine with WeWork in a deal that values the co-working company at $9 billion. The Wall Street Journal first reported the merger Friday morning. WeWork confirmed the deal in a press release.

BowX jumps on reports it will take WeWork public via SPAC merger

The flexible coworking startup will merge with BowX Acquisition Corp.

WeWork Will Go Public Via SPAC Deal At $9 Billion Valuation—Less Than 20% Of Its 2019 SoftBank Valuation

It took a lot longer than expected, but WeWork is finally set to go public through a merger with a special purpose acquisition company — and at a huge discount to what the startup was once worth.

WeWork is finally going public through a SPAC

WeWork has reportedly agreed to a merger with a newly formed company — and is back on track to go public. The office-sharing giant, which had spectacularly failed nearly two years ago and botched a previous effort to go public, agreed to merge with BowX Acquisition Corp. — a so-called special purpose acquisition company, SPAC.

WeWork reportedly cuts deal to go public with SPAC

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF)-backed shared office provider, WeWork has decided to go public via special-purpose acquisition company (SPAC) merger with BowX Acquisition Corp (NASDAQ: BOWX), almost two years after its failed traditional initial public offering (IPO). What Happened: WeWork inks long-term leases with landlords.

SoftBank-Backed WeWork To Go Public Via SPAC Merger In $9B Deal

WeWork is finally going public, after the flexible office space company announced Friday a merger with special-purpose acquisition company BowX Acquisition Corp. in a deal valuing WeWork at $9 billion.

IPO Report: WeWork to go public after merger with SPAC BowX Acquisition in a deal valued at $9 billion

The planned merger will value WeWork at around $9 billion, including debt. That's a far cry from its $46 billion valuation in early 2019.

WeWork is finally going public via a SPAC after abandoning an IPO in 2019

Leading flexible space provider WeWork and BowX Acquisition Corp. (NASDAQ: BOWX, BOWXU and BOWXW), a special purpose acquisition company (SPAC), announced today that they have entered into a $9 billion definitive merger agreement. These are the details.

WeWork Going Public In SPAC Deal With BowX Acquisition In $9 Billion Deal

MENLO PARK, Calif. & NEW YORK--(BUSINESS WIRE)--WeWork, the leading flexible space provider, and BowX Acquisition Corp. (NASDAQ: BOWX, BOWXU and BOWXW) (“BowX”), a special purpose acquisition company, announced today that they have entered into a definitive merger agreement, providing for a business combination that will result in WeWork becoming a publicly listed company. The transaction values WeWork at an initial enterprise value of approximately $9 billion. The transaction will provide WeWo

WeWork to Become Publicly Traded Via SPAC Merger with BowX Acquisition Corp.

(Reuters) -WeWork has agreed to go public through a merger with blank-check firm BowX Acquisition Corp that values the office-sharing startup at $9 billion including debt, the Wall Street Journal reported on Friday, citing people familiar with the matter.

WeWork agrees to go public via $9 billion SPAC deal - WSJ

WeWork will be going public after the flexible office space company has agreed to merge with special purpose acquisition company BowX Acquisition Corp. in a deal valuing WeWork at $9 billion, including debt, according to a Friday report in The Wall Street Journal. BowX shares rallied 4.8% in premarket trading.

WeWork to go public through merger with BowX Acquisition--WSJ

WeWork lost $3.2 billion last year and now calls itself a technology platform for creating flexible workspaces. The post BowX: Run, Don't Walk, From the WeWork IPO appeared first on InvestorPlace.

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