Bankruptcy: WW INTERNATIONAL, INC.

Form Type: 8-K

Filing Date: 2025-06-18

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000119312525142383

Filing Summary: WW International, Inc. filed a Form 8-K on June 18, 2025, relating to its Chapter 11 bankruptcy proceedings. On May 6, 2025, the Company and its subsidiaries initiated voluntary prepackaged cases under chapter 11, and on June 17, 2025, the Bankruptcy Court confirmed the First Amended Joint Prepackaged Plan of Reorganization. The plan aims to facilitate financial restructuring, primarily addressing secured debts, and allows the company to emerge from bankruptcy protection. Key provisions include payments to secured and priority claims, alterations in equity distribution among stakeholders, and the cancellation of existing common stock. Upon the Effective Date, expected around June 24, 2025, new equity will be issued, replacing existing shares. The company has transitioned its stock from Nasdaq to the Pink Current Market, reflecting its distressed condition and ongoing restructuring efforts.

Form Type: 8-K

Filing Date: 2025-06-12

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000119312525139955

Filing Summary: On June 12, 2025, WW International, Inc. filed an amended supplement to their prepackaged Chapter 11 plan of reorganization with the U.S. Bankruptcy Court. This filing followed the commencement of voluntary Chapter 11 cases on May 6, 2025, intended to restructure the company's secured debt. The amended plan provides additional information regarding the company's business after reorganization, the allocation of common equity in the reorganized entity, and risks associated with holding such equity. Additionally, the company’s common stock was suspended from trading on Nasdaq and is now trading on the Pink Current Market under a different symbol due to the delisting process initiated by Nasdaq as a consequence of the Chapter 11 filing. The report also includes details from the company’s annual shareholders meeting held on June 6, 2025, where significant resolutions were passed, including the election of directors and ratification of the independent accounting firm.

Form Type: 8-K

Filing Date: 2025-06-02

Corporate Action: Bankruptcy

Type: New

Accession Number: 000119312525132797

Filing Summary: On May 6, 2025, WW International, Inc. and its subsidiaries filed for voluntary prepackaged Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware. This filing was made to facilitate a prepackaged plan of reorganization aimed at restructuring the company's secured debt. As part of this process, the company received a notice from Nasdaq regarding the delisting of its common stock due to its bankruptcy proceedings. Following this, the stock was suspended from trading on Nasdaq and began trading on the Pink Current Market under a new symbol. On May 30, 2025, the company modified its restructuring support agreement with creditors, adjusting the terms regarding new senior secured debt. The modified debt will now exclusively consist of senior secured term loans. An amended plan and a plan supplement were filed with the Court, which include technical modifications and details on the expected governing documents for the restructured company. The company cautioned that trading in its securities during this Chapter 11 process is speculative and poses significant risks, including potential losses for equity holders if the amended plan is confirmed.

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.