Remove Company Remove Filing Remove Finance
article thumbnail

US Accounting Firms Turn to India as CPA Shortage Worsens

Allwork

The accountant shortage is being acutely felt throughout the market,” the National Talent Advisory Group study found, adding that several businesses such as toymaker Mattel reported a delay to annual reports and other key filings due to the shortage. The Big Four companies did not respond to emails seeking comment.

Finance 214
article thumbnail

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 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

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
article thumbnail

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 306
article thumbnail

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 147
article thumbnail

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