WeWork said in a regulatory filing late Monday it is withholding interest payments of about $95.2 million on certain notes due 2027.
The interest payments, which consist of about $37.3 million.
WeWork shares were down more than 20% in recent Tuesday trading after its class A common stock started trading on a split-adjusted basis.
The flexible space provider said late Friday it completed.
Co-working space provider WeWork is in trouble as the commercial real estate market around the world is hit by post-pandemic shifts in working culture.
There still is a battle going on out there between then remote workers of the COVID days and the companies that are trying to wheedle, nudge, and demand people return to the office..