Bankruptcy: WW INTERNATIONAL, INC.

Form Type: 8-K

Filing Date: 2025-05-09

Corporate Action: Bankruptcy

Type: New

Accession Number: 000119312525116958

Filing Summary: On May 9, 2025, WW International, Inc. received notice from The Nasdaq Stock Market LLC indicating the company's common stock would be delisted due to the initiation of voluntary prepackaged Chapter 11 bankruptcy cases on May 6, 2025. Trading of the company's common stock is to be suspended starting May 16, 2025, and a Form 25-NSE will be filed with the SEC to effect the delisting unless an appeal is requested. The company aims to list new common equity on Nasdaq or another exchange following its reorganization.

Form Type: 8-K

Filing Date: 2025-05-07

Corporate Action: Bankruptcy

Type: New

Accession Number: 000119312525114307

Filing Summary: On May 6, 2025, WW International, Inc. and its subsidiaries filed voluntary petitions under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware, seeking a financial restructuring of the Company's secured debt through a prepackaged plan. The Company aims to ensure the continued ordinary operation of its business during the bankruptcy process while implementing a plan that intends to pay vendors and unsecured creditors in full. A Restructuring Support Agreement was also entered into with creditors holding approximately 72% of the Company's First Lien Claims, agreeing to support the financial reorganization. The document outlines milestones for the bankruptcy process, details creditor entitlements upon the effective date of the plan, and mentions necessary consents for the agreement to remain in effect.