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DevX Files for IPO, Aiming To Expand As India Flex Space Demand Skyrockets

Allwork

As India’s IPO landscape continues to flourish, Ahmedabad-based coworking space provider DevX (Dev Accelerator Ltd) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company plans to utilize the funds to bolster its network of coworking spaces. crore equity shares.

Filing 265
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Revlon Has Filed For Chapter 11 Bankruptcy

Allwork

The trend of companies preparing for an incoming recession in the next year continues. . This time, cosmetics beauty brand Revlon has filed for Chapter 11 bankruptcy due to growing debts, supply chain issues, and increased competition. . The post Revlon Has Filed For Chapter 11 Bankruptcy appeared first on Allwork.Space.

Filing 244
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WeWork’s Controversial Ex-CEO Adam Neumann Seeks Redemption with $500M+ Buyback Offer

Allwork

According to a report published by The Guardian , Neumann’s new property company, Flow, submitted the potential bid for WeWork on Monday. The development comes at a time when WeWork faces numerous challenges related to its Chapter 11 bankruptcy filing, filed in November 2023.

Filing 279
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Rentberry Eyes WeWork Acquisition After Securing Significant New Investment

Allwork

The San Francisco-based home rental platform publicly expressed interest last month following news of WeWork’s ousted cofounder Adam Neumann revealing his desire to repurchase the company — although Neumann’s discussions with hedge fund manager of Third Point, Dan Loeb, have not led to any official commitments for a bid.

Filing 307
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Creditors Pressure WeWork to Evaluate Neumann’s Flow Proposal During Bankruptcy Challenges

Allwork

WeWork, which entered Chapter 11 bankruptcy in November 2023 after enduring persistent financial difficulties for several years, is attempting to raise at least $400 million in fresh capital to support its exit from the bankruptcy process. Last month, the company stated that its eyeing May 31 as a goal/date to emerge from bankruptcy.

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Financial Chaos Amplifies As WeWork Is Days From Filing For Bankruptcy

Allwork

WeWork is on the brink of filing for Chapter 11 bankruptcy protection, which could happen as early as next week. Following the Tuesday afternoon reports, WeWork’s shares plummeted by 37% in pre-market trading, according to CNN Business. During regular trading stock market hours this percentage reached over 40%.

Filing 148
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WeWork’s Bankruptcy Battle Takes New Turn with Legal Action Against SoftBank

Allwork

According to a report published by The Wall Street Journal , the struggling coworking giant’s junior creditors committee is seeking court approval to sue SoftBank, WeWork’s largest shareholder, amidst allegations of financial maneuvering ahead of WeWork’s bankruptcy filing. billion in new secured debt.

Legal 262