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NYSE suspends trading of WeWork warrants, to start delisting them

WeWork, which earlier this month warned about its ability to stay afloat, added that the company's common shares will continue to trade on the NYSE. It did not intend to appeal the NYSE's determination on its warrants - which are equity derivative that give the right, but not the obligation, to buy or sell the shares at a certain price before expiration.WeWork had received a non-compliance notice from the NYSE in April, as its stock closed below $1 on average over a consecutive 30 trading-day period. ....

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The Collapse Of WeWork Only Heightens Investors' Commercial Office Space Worries

With the U.S. office vacancy rate rising to a record 13.1% at the end of the first quarter, according to the National Association of Realtors, the struggling office space sector isn't being emboldened by the impending crash of former coworking giant WeWork (NYSE:WE). Once the most prominent commercial tenant in New York and London, the company has spent most of this year trying to shed leases. Despite its efforts, the company still leases 6.4 million square feet in 70 buildings in New York alone ....

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