Bowx Acquisition Corp. Form 8-K Current Event Report Filed 2021-03

SECURITIES AND EXCHANGE COMMISSION

FORM 8-K Current report filing

Filing Date: 2021-03-26 | Period of Report: 2021-03-25 SEC Accession No. 0001193125-21-095508

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FILER BowX Acquisition Corp. Mailing Address Business Address 2400 SAND HILL RD., SUITE 2400 SAND HILL RD., SUITE CIK:1813756| IRS No.: 851144904 | State of Incorp.:DE | Fiscal Year End: 1231 200 200 Type: 8-K | Act: 34 | File No.: 001-39419 | Film No.: 21774888 MENLO PARK CA 94025 MENLO PARK CA 94025 SIC: 6770 Blank checks 212-818-8800

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 26, 2021 (March 25, 2021)

BOWX ACQUISITION CORP. (Exact name of registrant as specified in its charter)

Delaware 001-39419 85-1144904 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.)

2400 Sand Hill Rd., Suite 200 Menlo Park, CA 94025 (Address of principal executive offices) (Zip Code)

(650) 352-4877 (Registrants telephone number, including area code)

Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☒ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Name of each exchange Title of each class Trading Symbol(s) on which registered Units, each consisting of one Class A common BOWXU The Nasdaq Stock Market LLC stock and one-third of one redeemable warrant Class A common stock, par value $0.0001 per BOWX The Nasdaq Stock Market LLC share Redeemable warrants, warrant exercisable for BOWXW The Nasdaq Stock Market LLC one Class A common stock at an exercise price of $11.50 per whole share

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Item 7.01 Regulation FD Disclosure On March 25, 2021, BowX Acquisition Corp. (BowX) entered into an Agreement and Plan of Merger (the Merger Agreement), by and among BowX, BowX Merger Subsidiary Corp., a Delaware corporation (Merger Sub) and a direct wholly owned subsidiary of BowX, and WeWork Inc., a Delaware corporation (WeWork), pursuant to which, among other transactions, on the terms and conditions set forth therein, Merger Sub is to merge with and into WeWork, with WeWork continuing on as the surviving entity and a wholly owned subsidiary of Acquiror (the Merger and, together with the other transactions contemplated by the Merger Agreement, the Transactions).

On March 26, 2021, BowX and WeWork issued a joint press release announcing the execution of the Merger Agreement. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Attached as Exhibit 99.2 hereto and incorporated by reference herein is an investor presentation dated March 2021, which will be used by BowX in connection with the Transactions and related private placement investment.

On March 26, 2021, WeWork distributed a frequently asked questions document to WeWork employees providing information about the Transactions. A copy of that document is furnished as Exhibit 99.3 to this Current Report on Form 8-K and is incorporated by reference herein.

The information in this Item 7.01, including Exhibit 99.1, Exhibit 99.2 and Exhibit 99.3, is furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of BowX under the Securities Act or the Exchange Act, regardless of any general incorporation language in such filings. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information contained in this Item 7.01, including Exhibit 99.1, Exhibit 99.2 or Exhibit 99.3.

Item 8.01. Other Events. On March 26, 2021, WeWork delivered letters to WeWork members, landlords, brokers and other stakeholders providing information about the Transactions. A copy of the letters is furnished as Exhibit 99.4 to this Current Report on Form 8-K and is incorporated by reference herein.

The information in this Item 8.01 and Exhibit 99.4 attached hereto shall not be deemed filed for purposes of Section 18 of the Exchange Act, or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of BowX under the Securities Act or the Exchange Act, regardless of any general incorporation language in such filings, except as expressly set forth by specific reference in such filing.

Additional Information and Where to Find It This Current Report on Form 8-K relates to a proposed transaction between WeWork and BowX. This Current Report on Form 8-K is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of WeWork, the combined company or BowX, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended. BowX intends to file a registration statement on Form S-4 with the Securities and Exchange Commission (the SEC), which will include a document that serves as a prospectus and proxy statement of BowX, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all BowX shareholders. BowX also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of BowX are urged to read the registration statement, the proxy statement/ prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by BowX through the website maintained by the SEC at www.sec.gov.

Participants in the Solicitation BowX and its directors and executive officers may be deemed to be participants in the solicitation of proxies from BowXs shareholders in connection with the proposed transaction. A list of the names of the directors and executive officers of BowX and information regarding their interests in the business combination is set forth in BowXs registration statement on Form S-1 (Registration No. 333-239941) originally filed with the SEC on July 17, 2020. Additional information regarding the interests of such persons and other persons who may be deemed participants in the solicitation will be contained in the registration statement and the proxy statement/prospectus when available. You may obtain free copies of these documents as described in the preceding paragraph.

Cautionary Statement Regarding Forward-Looking Statements Certain statements made in this Current Report on Form 8-K are forward looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements with respect to the proposed transaction between WeWork and BowX include statements regarding the benefits of the transaction, the anticipated timing of the transaction and the products and markets of WeWork. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward- looking statements in this Current Report on Form 8-K, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of BowXs securities, (ii) the risk that the transaction may not be completed by BowXs business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by BowX, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Merger Agreement by the shareholders of BowX, the satisfaction of the minimum amount in the trust account following redemptions by BowXs public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the inability to complete the PIPE investment, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transaction on WeWorks business relationships, operating results, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of WeWork and potential difficulties in Company employee retention as a result of the transaction, (ix) the outcome of any legal proceedings that may be instituted against WeWork or against BowX related to the Merger Agreement or the proposed transaction, (x) the ability to maintain the listing of BowXs securities on a national securities exchange, (xi) the price of BowXs securities may be volatile due to a variety of factors, including changes in the competitive and regulated industries in which BowX plans to operate or WeWork operates, variations in operating performance across competitors, changes in laws and regulations affecting BowXs or WeWorks business, WeWorks inability to implement its business plan or meet or exceed its financial projections and changes in the combined capital structure, (xii) changes in general economic conditions, including as a result of the COVID-19 pandemic, and (xiii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the registration statement on Form S-4 discussed above, the proxy statement/prospectus and other documents filed or that may be filed by BowX from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and WeWork and BowX assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither WeWork nor BowX gives any assurance that either WeWork or BowX, or the combined company, will achieve its expectations.

Exhibit No. Description 99.1 Press Release, dated March 26. 2021 99.2 Investor Presentation, dated March 2021 99.3 Frequently Asked Questions, dated March 26, 2021 99.4 Letters to Stakeholders, dated March 26, 2021

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

BOWX ACQUISITION CORP.

Date: March 26, 2021 By: /s/ Vivek Ranadivé Name: Vivek Ranadivé Title: Chairman and Co-Chief Executive Officer

WeWork to Become Publicly Traded Via SPAC Merger with BowX Acquisition Corp.

WeWorks platform and global network position the company as a leader in flexible space, ideally situated to serve the multi-trillion dollar office space market and the future of work Within the past year, WeWork has made significant progress in the ongoing transformation of the business with a focus on cost- management and smart digital innovations COVID-19 has accelerated the demand for flexible workspace among organizations large and small, which WeWork is uniquely positioned to serve on a global basis A significantly improved cost structure combined with strong demand from WeWork members globally presents a clear path to positive adjusted EBITDA The transaction implies a pro forma initial enterprise value of approximately $9 billion for WeWork; resulting cash on hand will enable WeWork to fund its growth plans WeWork will receive approximately $1.3 billion, including a fully committed $800 million private placement investment with key investors including Insight Partners, funds managed by Starwood Capital Group, Fidelity Management & Research Company LLC, Centaurus Capital, and funds and accounts managed by BlackRock

MENLO PARK and NEW YORK, March 26, 2021 WeWork, the leading flexible space provider, and BowX Acquisition Corp. (NASDAQ: BOWX, BOWXU and BOWXW) (BowX), a special purpose acquisition company, announced today that they have entered into a definitive merger agreement, providing for a business combination that will result in WeWork becoming a publicly listed company. The transaction values WeWork at an initial enterprise value of approximately $9 billion. The transaction will provide WeWork with approximately $1.3 billion of cash which will enable the company to fund its growth plans into the future.

Sandeep Mathrani, CEO of WeWork, said, WeWork has spent the past year transforming the business and refocusing its core, while simultaneously managing and innovating through a historic downturn. As a result, WeWork has emerged as the global leader in flexible space with a value proposition that is stronger than ever. Having Vivek and the BowX team will be invaluable to WeWork as we continue to define the future of work.

Vivek Ranadivé, Chairman and Co-CEO of BowX Acquisition Corp., said, Im thrilled to partner with Sandeep, Marcelo and the entire WeWork team as they continue to transform this business and the real estate industry at large. This company is primed to achieve profitability in the short-term, but the added long-term opportunity for growth and innovation is what made WeWork a perfect fit for BowX. With a fantastic core business, I see WeWork as a company at an inflection point, with an incredible roster of key members coupled with the vision and leadership to digitize an enormous industry.

Marcelo Claure, Executive Chairman of WeWork, said, SoftBank has always seen the potential in WeWorks core business to disrupt the commercial real estate industry and reimagine the workplace. Today, we take another step towards making that vision a reality. The pandemic has fundamentally changed the way we work, and WeWork is incredibly well positioned to springboard into a future propelled by digital technology and a new appreciation of the value of flexible workspace. We look forward to having BowX as our partner as we look to the next chapter.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Barry Sternlicht, Chairman and CEO of Starwood Capital Group said, The commercial real estate industry has experienced a seismic shift and the future of work is now being redefined in real time. WeWork is the leader in flexible space, with a globally recognized brand.

Deven Parekh, Managing Director at Insight Partners, said, With COVID accelerating the adoption of flexible workspace around the globe, WeWork is uniquely positioned to meet rising demand in a dynamic market. As leaders in growth investing across technology and software, we are excited to bring our decades of experience to further accelerate WeWorks expanding digital platform.

Marcelo Claure and Sandeep Mathrani will continue to lead WeWork as Executive Chairman and Chief Executive Officer, respectively, along with the rest of the companys highly experienced leadership team. Following the closing, Vivek Ranadivé of BowX and Deven Parekh of Insight Partners will join the companys Board of Directors.

A Transformed WeWork Since 2019, WeWork has made significant progress towards transforming its business through a strategic plan that included robust expense management efforts, exits of non-core businesses, and material portfolio optimization, which contributed to a dramatically improved cost structure.

Over the course of 2020, WeWork improved its free cash flow by $1.6 billion through cost cutting measures including reducing SG&A expenses by $1.1 billion and trimming building operating expenses by $400 million. The company also exited all of its non-core ventures and streamlined headcount by 67% from its peak in September 2019. Today, WeWork is a more focused company built around a core flexible space business that is poised for substantial growth.

As of December 2020, the company successfully exited 106 pre-open or underperforming locations and executed over 100 lease amendments for rent reductions, deferrals, or tenant improvement allowances resulting in an estimated $4.0 billion reduction in future lease payments. After its strategic asset exits, WeWork retains an unmatched scale and value proposition worldwide thanks to its 851 locations in 152 cities, totaling more than one million workstations. Enterprise companies now make up more than 50% of WeWorks memberships, up from just 10% in 2015. Only 10% of WeWorks members have month-to-month commitments, while more than 50% have commitments longer than 12 months, contributing to an average full commitment term of well over 15 months.

As witnessed through the COVID-19 pandemic, WeWorks strong business model has demonstrated resilience in an unprecedented downturn. 2020 revenue, excluding China, was $3.2 billion, which is flat compared to 2019, even after exiting non-core businesses and despite significant headwinds from COVID-19.

Amidst its transformation, WeWork has continued to redefine the flexible workplace market by digitizing its global physical network. As traditional landlords look to embrace the flexible model that WeWork pioneered and the market demands, the company will be well positioned to offer landlords an asset light technology platform for managing and orchestrating flexible space.

Going forward, WeWork intends to expand beyond its core business through its On Demand, All Access, and Platform offerings, enabling users to choose from their WeWork mobile app when, where, and how they work. Demand from landlords and members remains strong, and today WeWork has a $4.0 billion total sales pipeline and an estimated $1.5 billion in committed 2021 revenue.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Summary of the Transaction The transaction will be funded with BowXs $483 million of cash in trust (assuming no redemptions from the trust account by public investors of BowX) in addition to a fully committed $800 million private placement investment at $10.00 per share led by leading investors including Insight Partners, funds managed by Starwood Capital Group, Fidelity Management & Research Company LLC, Centaurus Capital, and funds and accounts managed by BlackRock.

Upon closing, it is expected that the company will have approximately $1.9 billion of cash on the balance sheet and total liquidity of $2.4 billion (assuming no redemptions from the trust account by public investors of BowX), including a $550 million senior secured notes facility to be provided by SoftBank Group.

The transaction, which has been unanimously approved by the Boards of Directors of WeWork and BowX, is expected to close by the third quarter of 2021, subject to receipt of BowX stockholder approval, and the satisfaction of other customary closing conditions.

The post-transaction nine-member board will be majority independent, with the initial board comprised of Mr. Mathrani and individuals designated by a variety of new and existing investors to ensure WeWork remains disciplined and aligned with shareholder interests. After the transaction closes, representatives of SoftBank Group and SoftBank Vision Fund, independent or acting together, will comprise a minority number of the nine board seats.

Additional information about the proposed transaction, including a copy of the investor presentation, will be provided in a Current Report on Form 8-K to be filed by BowX today with the Securities and Exchange Commission (SEC) and available at www.sec.gov.

Investor Conference Call WeWork and BowX will host an investor conference call on March 26, 2021 at 8:30 AM ET to discuss the proposed transaction and review an investor presentation. The conference call can be accessed by visiting https://event.on24.com/wcc/r/3090147/965648CCEEA528A3E6EF972751DAC880

Investor Presentation A copy of the investor presentation can be found here.

Advisors PJT Partners is acting as sole financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to WeWork. UBS Investment Bank is acting as sole financial and capital markets advisor to BowX. Cooley LLP is acting as legal counsel to BowX.

UBS Investment Bank and PJT Partners are acting as joint placement agents with respect to the private placement. Paul Hastings LLP is acting as placement agent counsel.

Morrison & Foerster LLP is acting as legal counsel to SoftBank Group.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document About WeWork WeWork was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since opening our first location in New York City, weve grown into a global flexible space provider committed to delivering technology-driven flexible solutions, inspiring spaces, and unmatched community experiences. Today, were constantly reimagining how the workplace can help everyone, from freelancers to Fortune 500s, be more motivated, productive, and connected. For more information about WeWork, please visit us at wework.com.

About BowX Acquisition Corp. BowX Acquisition Corp. is a Special Purpose Acquisition Company formed by management of Bow Capital, including Vivek Ranadivé, and Murray Rode. Bow Capital is a venture capital fund bridging the best of academia, business, and entertainment. Mr. Ranadivé has four decades of experience and is founder and managing director of Bow Capital, as well as previous founder and CEO of TIBCO. Mr. Rode is senior advisor of Bow Capital and former CEO of TIBCO, with over 30 years of experience in tech. For more information, visit: https://bowcapital.com/bowx/#about.

Investor Contacts Chandler Salisbury [email protected]

Media Contacts Nicole Sizemore / Julia Sullivan [email protected]

Gladstone Place Partners Lauren Odell / Felipe Ucrós (212) 230-5930

Additional Information and Where to Find It This press release relates to a proposed transaction between WeWork and BowX. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of WeWork, the combined company or BowX, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended. BowX intends to file a registration statement on Form S-4 with the Securities and Exchange Commission (the SEC), which will include a document that serves as a prospectus and proxy statement of BowX, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all BowX shareholders. BowX also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of BowX are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by BowX through the website maintained by the SEC at www.sec.gov.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Participants in Solicitation BowX and its directors and executive officers may be deemed to be participants in the solicitation of proxies from BowXs shareholders in connection with the proposed transaction. A list of the names of the directors and executive officers of BowX and information regarding their interests in the business combination is set forth in BowXs registration statement on Form S-1 (Registration No. 333-239941) originally filed with the SEC on July 17, 2020. Additional information regarding the interests of such persons and other persons who may be deemed participants in the solicitation will be contained in the registration statement and the proxy statement/prospectus when available. You may obtain free copies of these documents as described in the preceding paragraph.

Forward-Looking Statements Certain statements made in this press release are forward looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements with respect to the proposed transaction between WeWork and BowX include statements regarding the benefits of the transaction, the clear path to positive adjusted EBITDA, WeWorks ability to continue self- funding its growth into the future, the amount of cash the transaction will provide WeWork, the anticipated timing of the transaction and the products and markets of WeWork. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, pipeline, may, should, will, would, will be, will continue, will likely result, and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of BowXs securities, (ii) the risk that the transaction may not be completed by BowXs business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by BowX, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Merger Agreement by the shareholders of BowX, the satisfaction of the minimum amount in the trust account following redemptions by BowXs public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the inability to complete the PIPE investment, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transaction on WeWorks business relationships, operating results, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of WeWork and potential difficulties in WeWork employee retention as a result of the transaction, (ix) the outcome of any legal proceedings that may be instituted against WeWork or against BowX related to the Merger Agreement or the proposed transaction, (x) the ability to maintain the listing of BowXs securities on a national securities exchange, (xi) the price of BowXs securities may be volatile due to a variety of factors, including changes in the competitive and regulated industries in which BowX plans to operate or WeWork operates, variations in operating performance across competitors, changes in laws and regulations affecting BowXs or WeWorks business, WeWorks inability to implement its business plan or meet or exceed its financial projections and changes in the combined capital structure, (xii) changes in general economic conditions, including as a result of the COVID-19 pandemic, and (xiii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document foregoing factors and the other risks and uncertainties described in the registration statement on Form S-4 discussed above, the proxy statement/ prospectus and other documents filed or that may be filed by BowX from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward- looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and WeWork and BowX assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither WeWork nor BowX gives any assurance that either WeWork or BowX, or the combined company, will achieve its expectations.

Non-GAAP Financial Measures This press release includes certain financial measures not presented in accordance with generally accepted accounting principles in the United States (GAAP), including Adjusted EBITDA, free cash flow and Adjusted EBITDA margin (including on a forward-looking basis). These financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing our financial results. Therefore, these measures should not be considered in isolation or as an alternative to net loss or other measures of profitability, liquidity or performance under GAAP. You should be aware that WeWorks presentation of these measures may not be comparable to similarly titled measures used by other companies, which may be defined and calculated differently. WeWork believes that these non-GAAP measures of financial results (including on a forward-looking basis) provide useful supplemental information to investors about WeWork. WeWorks management uses forward-looking non-GAAP measures to evaluate WeWorks projected financials and operating performance. Additionally, to the extent that forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. See the Investor Presentation referenced above for reconciliations of our non-GAAP measures to the nearest GAAP measures.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Exhibit 99.2 © 2021 WeWork. Confidential.Exhibit 99.2 © 2021 WeWork. Confidential.

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Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document • • • • • • • • • • © 2021 WeWork. Confidential.• • • • • • • • • • © 2021 WeWork. Confidential.

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Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document All Access On-Demand pay-as-you-go or monthly subscription that provides access to global network of locations Generates Partnerships Affinity partnerships generate top of funnel demand Drives Occupancy Allows WeWork to drive occupancy beyond physical capacity levels across portfolio based on utilization projections High Margins Significant incremental margins given subscription-based model on top of traditional leased business © © 2021 2021 W WeW eWor ork. k. C Con onf fident idential. ial.All Access On-Demand pay-as-you-go or monthly subscription that provides access to global network of locations Generates Partnerships Affinity partnerships generate top of funnel demand Drives Occupancy Allows WeWork to drive occupancy beyond physical capacity levels across portfolio based on utilization projections High Margins Significant incremental margins given subscription-based model on top of traditional leased business © © 2021 2021 W WeW eWor ork. k. C Con onf fident idential. ial.

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Frequently Asked Questions WeWork Merger With BowX Acquisition Corp. SPAC

We hope the following questions and answers will help address some of your initial questions regarding the announcement that WeWork will become a publicly-traded company through a merger agreement with BowX Acquisition Corp.

Contents SPAC and Going Public About BowX Treatment of WeWork Shares Leadership and Organizational Structure Our Business, Our Future Communicating About the Transaction Insider Trading

SPAC and Going Public Q: What are we announcing? On March 26, WeWork and BowX Acquisition Corp. (NASDAQ: BOWX) announced a merger agreement that will result in WeWork becoming a publicly-traded company.

The transaction, which is expected to close by Q3 2021, values WeWork at an initial enterprise value of $9.0 billion and provides WeWork with approximately $1.3 billion of cash.

Q: What is a SPAC? A SPAC, or a special purpose acquisition company, is a company formed for the purpose of engaging in a business combination transaction with another company (or companies), with the result being, among other things, that the combined company is publicly-traded.

Q. How are SPACs relevant to todays news? BowX Acquisition Corp. is a SPAC and we have agreed to a merger with them.

Q: What does it mean to be a U.S. public company? To be a U.S. public company usually means that the company is permitted to offer its securities (stocks, bonds, etc.) for sale to the general public, typically through an exchange such as the NYSE or NASDAQ.

Q: What are the benefits of being a public company? Becoming a public company will have significant benefits to WeWork, including: access to capital available in the public market to fund our growth, retention and attraction of talent, and continued credibility as the leading global flexible workspace provider.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document What will not change is our commitment to you, to living our values and to operating as we have over the last 16 months as part of a broader community focused on operational excellence in creating the future of work.

Q: Is now the right time to take WeWork public? Todays decision is the next step in our 2021 journey and the result of investor interest that arose from our disciplined efforts and performance over the past 16 months. We have worked hard to execute against our strategic plan and, even amidst the pandemic, have made great strides in doing so. Because of this progress, weve received interest from a variety of investors.

At a time when flexibility is more in demand than ever and the hybrid model of office space is emerging as the true future of workWeWork has never been better positioned to capitalize on our unique market position and assume our position as the leader in flexible space.

Q: When will WeWork officially be a public company? We will become a public company if and when the transaction with BowX closes. We hope that all closing conditions, including approval by BowX shareholders, will occur by the third quarter of this year.

Q: Is our Company name still WeWork after the completion of the transaction? Yes, our company name will remain WeWork following the close of the transaction. Technically, WeWork Inc. will be acquired by BowX, but BowX has agreed to rename itself WeWork Inc. immediately after the closing of the transaction.

Q: Will our company website change? No, our company website will not change.

Q: Is the closing of the transaction with BowX, and resulting public listing of WeWork, guaranteed? We are hopeful that we will be able to complete this transaction and are happy to share that the transaction has been unanimously approved by the Boards of Directors of WeWork Inc. and BowX. The closing of the transaction is subject to the approval of BowX shareholders, and the satisfaction of other customary closing conditions, including the registration with the U.S. Securities & Exchange Commission (SEC) of the shares being issued to WeWork stockholders.

Q: How will this announcement impact our relationship with SoftBank? Will Marcelo Claure stay on as Executive Chairman? In the near term, we anticipate that the transaction will have no immediate impact on our strong relationship with SoftBank. Additionally, Marcelo Claure will stay on our Board of Directors and continue to serve as Executive Chairman.

Q: How does the transaction impact WeWorks franchised markets, including China, India and Japan? We anticipate that the transaction will have no immediate impact on strategy or day-to-day operations with respect to WeWorks franchised markets.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Q: Can I trade WeWork or BowX shares at this time? Can I exercise my stock options? You cannot trade BowX shares or WeWork bonds at this time (please see insider trading section below for important information about your obligations). As WeWork Inc. is currently a private company, there is no market to buy shares of WeWork Inc. at this time, although, to the extent that you hold vested stock options, you may exercise those options (that is, purchase the underlying shares if you would like to do so, please reach out to [email protected]).

Once the transaction is completed and WeWork is a public company, you will be able to buy and sell shares in WeWork in the open market, limited by your obligations under securities laws and the WeWork Code of Conduct & Ethics.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document About BowX Q:Why did we agree to a transaction with BowX? BowX believes WeWork is an attractive long-term investment opportunity with transaction terms that reflect strong upside potential.

BowXs seasoned management team is composed of tech entrepreneurs whose partnership and expertise in building platform businesses will be invaluable as WeWork continues its tech-driven disruption of office real estate.

WeWork received several inbounds from SPACs seeking merger partners or private investments. We chose BowX because it understands WeWorks unique position, is aligned with its plans for continued growth, and has the experience and expertise to support the company on that trajectory.

Q: What role will BowX have at WeWork moving forward? Following the closing of the transaction, BowX Chairman and Co-CEO Vivek Ranadivé will join WeWorks Board of Directors.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Treatment of WeWork Shares Q: If I hold shares of WeWork Inc., what happens to those shares in the transaction? If you hold shares of WeWork Inc., when the closing of the merger occurs, those shares will automatically convert into BowX shares. The number of BowX shares that you will hold will be equal to (a) the number of WeWork Inc. shares that you hold immediately prior to the closing, multiplied by (b) an Exchange Ratio, which is currently estimated to be 0.83, rounded down to the nearest whole number. The actual Exchange Ratio is subject to change based on the implied valuation immediately prior to closing of WeWork Inc. and of BowX.

BowX will then rename itself WeWork Inc. so that you will then hold converted, publicly traded WeWork Inc. shares. This treatment applies to shares held both by current and former employees, as well as non-employee investors.

Q: Will I be able to sell shares on the same day that we go public? Yes, most employees will be able to sell their shares as soon as WeWork is publicly listed as the parties have agreed that shareholders, including current and former employees, will not be subject to a lock-up period. However, please note that you will be subject to securities laws and WeWorks policy regarding insider trading. We strongly encourage you to become familiar with your obligations (insider trading is explained more below).

Q: What will the shares be priced at on listing day? We cannot comment on what our share price will be when the merger closes and, as a result, we become a publicly listed company. The examples above are illustrative only.

Q: Does the transaction with BowX impact the tender offer from SoftBank? The transaction is not anticipated to have any impact on SoftBanks pending tender offer for equity securities of WeWork Inc. launched on March 10, 2021. The offer to purchase will be updated to disclose information related to the transaction at least five business days before expiration of the tender offer. The transaction will not prevent eligible holders from participating in the tender offer.

FOR CURRENT EMPLOYEES: Please reference the FAQs posted on Connect for additional information about the transaction.

Q: Where should I go if I have questions related directly to the SPAC, or for additional information regarding the SPAC? FOR CURRENT EMPLOYEES: Please review the FAQs posted on Connect. We have only begun the initial SPAC process and therefore, all information that we can share at this time is included in the FAQs. We will update you as additional information becomes available.

FOR FORMER EMPLOYEES: You can read about the SPAC merger in WeWorks press release announcing the transaction. The press release is available in the Newsroom section of wework.com.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Q: Should I exercise my stock options prior to the public listing date? Exercising your options is a highly personal investment decision, and you should make your decision after considering consulting a financial, tax, or legal expert, and discussing with your spouse or significant other, family, or a trusted friend as needed.

FOR CURRENT EMPLOYEES: For additional information on stock options, review the FAQ posted on Connect.

FOR FORMER EMPLOYEES: For additional information on stock options, review the attached FAQ.

Leadership and Organizational Structure Q: Will Sandeep Mathrani stay on as CEO? Yes, Sandeep will remain our Chief Executive Officer.

Q: How will this transaction affect my job? Taking WeWork public should have a limited impact on most jobs. We have spent the last 16 months streamlining our workforce and organizational structure, and feel that we have the people and skills to support our short and longer term needs.

Continued employment will be based on individual performance and business needs. To the extent that any existing roles change, your management team will work with you on any changes.

Our Business, Our Future Q: Does this transaction mean that our strategy has changed? Our strategy remains the same and we should continue to act as we did beforecontinuing to provide flexible workspace solutions and leading the future of work through the digitization of our real estate platform.

Q: How will this transaction impact our members? Our commitment to providing members with inspiring spaces and unmatched community experiences remains unchanged. As a public company, we will have access to additional capital to grow our business while continuing to digitize our real estate portfolio and create a better member experience. At the end of the day, member satisfaction will continue to be our number one priority.

Q: How will this transaction impact our landlords? We would not be where we are today without the support and partnership of our landlords. As we engage them moving forward, we will continue to prioritize transparency, trust and shared success.

Q: Will this change WeWorks culture and values? No, we remain committed to the core values we set in 2020 and will continue to live by them: Do the right thing.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Strive to be better, together. Be entrepreneurial. Give gratitude. Be human, be kind.

Communicating About the Transaction Q: Can I comment on WeWorks business and my excitement about this transaction and our future? No. You may not discuss or comment on our business or your work, the transaction announced today with BowX or our future as a business. As we go through the process of becoming a public company, sharing confidential information can jeopardize this process and create an issue with regulatory agencies. Moreover, if the transaction closes, as a public company, we need to ensure that only authorized spokespeople discuss future plans or business projections.

Q: Who are WeWorks spokespeople? Please do not speak to members of the media about WeWork or comment publicly on the business or the transaction announced today with BowX. If you are contacted by a member of the media please notify the Corporate Communications team at [email protected].

Q: Members are asking me questions about going public or about the health of our business, what should I tell them? Members were notified of this news today. Beyond that, we are strictly limited in our ability to speak about the performance of WeWorks business. As we go through this process to become a public company, confidentiality is more important now than ever. Sharing confidential details can jeopardize the deal and create regulatory scrutiny.

Q: What should I do if Im approached by the media with questions about the transaction? As we go through the process of becoming a public company, and as a public company if the merger closes, there are strict rules that dictate how WeWork and its employees are permitted to publicly speak about the company and its business endeavors. Sharing confidential information can jeopardize this transaction and create an issue with our regulator. Therefore, it is critical that no employees speak on behalf of WeWork to the media or other organizations, including about the companys financials, upcoming deals or make any forward-looking statements relating to future business conditions.

As a reminder, if you receive media or investor inquiries, please refer them to [email protected].

Q: Can I discuss the transaction with my friends and family? If your friends or family want information regarding the transaction, please direct them to our press release. If someone asks you about the process of going public or company fundamentals, the best response is something polite like, Thank you for your interest in WeWork, but I cannot comment. If pushed further, you can say something like, I cant speak to that, but I would be happy to connect you with the appropriate spokespeople. You should then promptly notify the Corporate Communications team at [email protected].

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Q: Can I forward or repost internal memos? No. Please do not forward to anyone or repost for public or private consumption any internal WeWork memos. We send these materials to you in an effort to offer as much transparency as possible to our employees, and we request that you respect the confidential nature of these communications.

Q: Can I post on social media about WeWork? As always, please be respectful and professional in all social media posts you choose to upload from the workplace or associate in any way with WeWork. Keep in mind the below restrictions. You cannot post any information related to topics including, but not limited to: WeWorks financial performance (revenue, earnings, losses, etc.); Confidential business and/or prospectus information; A change in business-impacting trends; A pending or prospective merger, acquisition or tender offer; A pending or prospective contract or award; The sale of significant assets, or a significant subsidiary; Major changes in senior management; and Any other material non-public information.

Regarding communications around the transaction, while we understand that you are excited about the milestone, please do not post about the transaction on social media or repost WeWorks social media posts on the transaction. Finally, please do not draft your own commentary related to going public or our expectations as a public company, as it is important that all messaging on the subject is driven and directed by the company. Please see our social media policy for additional information.

Q: How are members and landlords being notified about the transaction? As part of our communications plan, we are contacting our members and landlords to inform them of this transaction. The announcement of our merger agreement with BowX is also public information, so many members and landlords may already be aware.

Q: What kind of disclosure must a U.S. public company provide? U.S. public companies must provide regular disclosure to the market of significant developments affecting their business and/or value of their securities. There are two general types of public disclosure obligations imposed on U.S. public companies. First, the company is obligated to file various periodic reports and statements with the SEC, all which are available to the general public. Each of these reports and statements requires the company to disclose and discuss various types of information relating to the company. Second, the company is subject to certain continuing obligations to disclose on a timely basis material information concerning the company (for example, material acquisitions, major contracts outside of our normal course of business, a new director or executive officer, etc.).

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Q: How will becoming public change the way that WeWork communicates? The level of information flow will necessarily change as a result of public company obligations explained below. We will communicate with investors and other regulators on a quarterly and yearly basis, but must only discuss information that is contained in news releases, quarterly and annual SEC filings and annual reports, proxies, investor presentations and other publicly-issued information.

Notwithstanding some changes in how we communicate certain categories of information that will be subject to greater confidentiality obligations, we will continue to communicate with youour peopleto continue to enhance your experience and advance our goal of making WeWork a great place to work.

Q: Where can I find WeWorks SEC filings? BowXs public filings, including those related to its merger with WeWork, can be found on the SECs website at www.sec.gov. Following the closing of the merger, WeWorks public filings will also be available at this website.

Insider Trading Q. Can I buy or trade BowX shares now? No, you should not buy or trade BowX shares right now. Doing so could expose you to the insider trading risks described below, such as regulatory scrutiny, criminal prosecution, monetary penalties and/or jail time. If you have any questions about your obligations, you are encouraged to contact [email protected].

Q: Can I trade SoftBank securities at this time? You should not trade SoftBank securities without first contacting Compliance by emailing [email protected].

Q: What is insider trading? Insider trading is using material non-public information about a company to buy or sell securities based on that information. It is illegal.

Federal securities laws prohibit all directors, officers, employees and others who are aware of material non-public information about a company from trading on that information. Disclosing material non-public information to others who then trade on it is also against the law, and both the person who discloses the information and the person who trades on it are liable. People who engage in insider trading can be criminally prosecuted and liability can include jail time and/or monetary penalties.

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Additionally, as part of the process of becoming a public company, the SEC is scrutinizing our activities to ensure that we comply with our obligations and violating the SECs rules on insider trading, or even the appearance of violations, can result in an inquiry from the SEC.

Q: What is material non-public information? Material non-public information is any information about a company that has not reached the general marketplace and that would be important to investors who are deciding whether to trade its securities. Material information is information that a reasonable investor would consider important in making a decision to buy or sell securities. Non-public information is information that is not generally available to the public.

A few examples of material non-public information include significant contracts, financial forecasts or earnings estimates, major management changes, proposed mergers, acquisitions, or dispositions, major litigation, securities offerings, stock splits or repurchases of company securities.

Q: When is information considered public? Information becomes public when it is generally available. For example, information becomes public after it has been disclosed in an SEC filing or announced via a press release that is carried by a major wire service. However, even after information becomes generally available, employees are encouraged to wait at least two full trading days before considering it public for trading purposes.

Q: Do the restrictions on insider trading only apply to employees? No, the restrictions apply to anyone with material non-public information. This means the law applies to officers, directors, employees, and agents of the company, as well as suppliers and consultants who have special access to such information. The law also applies to spouses, children, and anyone else in an employees home. Anyone can be an insider if he/she is trading securities on material non-public information.

Q: I would never trade on inside information, but what if I give my roommate a tip just before a big news release? Can he get in trouble? You should not give your roommate (or anyone) a tip. Like you, they cannot trade securities based on material non-public information. You cannot share such information with anyone. This could lead to prosecution for illegal insider trading for both you and your dad, which could result in imprisonment and/or monetary penalties.

Q: There are a lot of rules to navigate when it comes to trading securities and in the spirit of our core values, I want to make sure that Im doing the right thing. Is there a resource I can consult? If you are in doubt as to whether you have material non-public information, do not trade. If you have questions about whether a potential trade will violate insider trading laws and policies, please email [email protected].

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Additional Information and Where to Find It This communication relates to a proposed transaction between WeWork Inc. (the Company) and BowX Acquisition Corp. (BowX). This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of the Company, the combined company or BowX, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended. BowX intends to file a registration statement on Form S-4 with the Securities and Exchange Commission (the SEC), which will include a document that serves as a prospectus and proxy statement of BowX, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all BowX shareholders. BowX also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of BowX are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.

Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by BowX through the website maintained by the SEC at www.sec.gov.

Cautionary Statement Regarding Forward-Looking Statements Certain statements made in this communication are forward looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements with respect to the proposed transaction between the Company and BowX include statements regarding the benefits of the transaction, the anticipated timing of the transaction and the products and markets of the Company. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward- looking statements in this communication, including but not limited to: (i) the risk that the transaction may

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document not be completed in a timely manner or at all, which may adversely affect the price of BowXs securities, (ii) the risk that the transaction may not be completed by BowXs business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by BowX, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Merger Agreement by the shareholders of BowX, the satisfaction of the minimum amount in the trust account following redemptions by BowXs public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the inability to complete the PIPE investment, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transaction on the Companys business relationships, operating results, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of the Company and potential difficulties in Company employee retention as a result of the transaction, (ix) the outcome of any legal proceedings that may be instituted against the Company or against BowX related to the Merger Agreement or the proposed transaction, (x) the ability to maintain the listing of BowXs securities on a national securities exchange, (xi) the price of BowXs securities may be volatile due to a variety of factors, including changes in the competitive and regulated industries in which BowX plans to operate or the Company operates, variations in operating performance across competitors, changes in laws and regulations affecting BowXs or the Companys business, the Companys inability to implement its business plan or meet or exceed its financial projections and changes in the combined capital structure, (xii) changes in general economic conditions, including as a result of the COVID-19 pandemic, and (xiii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the registration statement on Form S-4 discussed above, the proxy statement/prospectus and other documents filed or that may be filed by BowX from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company and BowX assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither the Company nor BowX gives any assurance that either the Company or BowX, or the combined company, will achieve its expectations.

Primary Members: From: Sandeep Mathrani and Marcelo Claure Subject: An exciting day for WeWork

[Member Name],

Today is an exciting day for WeWork. Earlier this morning, we announced our intention to merge with BowX Acquisition Corp., a special purpose acquisition company formed by management of Bow Capital, which will ultimately lead to WeWork being listed as a publicly traded company later this year.

As the Chairman and CEO of this company, we know without a doubt, that it is because of our members that we are here today. And for that, we thank you. We thank you for being a part of this journey and for being an integral part of the WeWork community.

While this moment is a transformational one for our business, our commitment to providing you with inspiring spaces and unmatched community experiences remains unchanged. As a public company, we will have access to additional capital to grow our business while continuing to digitize our real estate portfolio and create a better member experience for you. At the end of the day, the member satisfaction will continue to be our number one priority above all else.

We thank you for your continued support and are honored to have you as part of our WeWork family.

With gratitude, Marcelo Claure and Sandeep Mathrani

Dear XX,

As you may have seen, today WeWork announced our intention to go public via a merger with BowX Acquisition Corp., a special purpose acquisition company formed by management of Bow Capital. The letter below was sent to all WeWork members, but I wanted to make sure you heard directly from me about this exciting news.

This moment is a testament to the long-term value proposition of our core business, and a recognition of the effort we have put into over the past 12 months to transform the company, improve our members experience, and drive towards profitability. With a partner like BowX and private placement investments led by Insight Partners, funds managed by Starwood Capital Group, and Fidelity Management & Research Company LLC, it is clear there is real confidence in the future we have been working towards. While the transaction will provide WeWork with additional capital to grow our space-as-a-service business, it wont have a direct impact on your current spaces or our relationship.

This is day one and though there are several steps ahead of us to complete this process, I remain as committed as ever to building an engaging workplace experience for you and your people and to helping [insert member company] navigate this new world of work.

Thank you again for your support and please reach out with any questions.

Best, [NAME]

[INSERT HERE LETTER SENT TO MEMBERS]

Dear XX,

As you may have seen, today WeWork announced our intention to go public via a merger with BowX Acquisition Corp., a special purpose acquisition company formed by management of Bow Capital. With this exciting news, I wanted to make sure you heard from me directly.

There is no doubt that we would not be where we are today without the continued support and partnership of landlords like you. The past year in particular has not been easy, but through it all we have prioritized transparency, trust, and shared success and moving forward that will not change.

This transaction is a testament to the long-term value proposition of our core business, and our commitment to being the partner of choice in flex. With a partner like BowX and private placement investments led by Insight Partners, funds managed by Starwood Capital Group, and Fidelity Management & Research Company LLC, it is clear there is real confidence in the future we have been working towards.

We greatly appreciate your partnership and look forward to building on it in the years to come. If you have any questions, please do not hesitate to reach out to me directly.

Thank you for your continued support.

Best, [NAME]

Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Brokers: From: Sandeep Mathrani and Marcelo Claure Subject: An exciting day for WeWork

Dear XX,

As you may have seen, today WeWork announced our intention to go public via a merger with BowX Acquisition Corp., a special purpose acquisition company formed by management of Bow Capital. With this exciting news, I wanted to make sure you heard from me directly.

There is no doubt that we would not be where we are today without the continued support and partnership of brokers like you. The past year in particular has not been easy, but through it all we have prioritized transparency, trust, and shared success and moving forward that will not change.

We greatly appreciate your partnership and look forward to building on it in the years to come. If you have any questions, please do not hesitate to reach out to me directly.

Thank you for your continued support!

Best, [NAME]

Dear XX,

As you may have seen, today WeWork announced our intention to go public via a merger with BowX Acquisition Corp., a special purpose acquisition company formed by management of Bow Capital.

As partners, I wanted to make sure you heard directly from me about the transaction and assure you that it will not impact our relationship. There is no doubt that we will only continue to grow our work together, and we appreciate your continued support and partnership.

This is an exciting moment for the future of WeWork, and were encouraged by this investment. With a partner like BowX and private placement investments led by Insight Partners, funds managed by Starwood Capital Group, and Fidelity Management & Research Company LLC, it is clear there is real confidence in the future we have been working towards. As a public company, we will have access to additional capital to grow our space-as-a-service business while continuing to digitize our real estate portfolio and build a platform to manage flexible space across networks.

We greatly appreciate your partnership and look forward to building on it in the years to come. If you have any questions, please do not hesitate to reach out to me directly.

Thank you for your continued support!

Best, Chris Ferzli