WeWork Could Run Out of Cash by Mid-November — Here’s What Would Happen Next
Herrick partner and chair of the Finance Litigation & Restructuring Department, Stephen Selbst, spoke to CNBC about the options available to WeWork as it faces the possibility of running out of cash. He was quoted in an article and noted that, with cash rapidly depleting, figuring out which deals WeWork is able to negotiate may prove to be a significant challenge.
“The IPO only filed in the middle of September, now it’s the middle of November that they may be out of cash,” Selbst said. “They don’t have the luxury of time to do an in-depth analysis.”