On the forthcoming delisting of ordinary shares of WW International, Inc. (WW)

The International Trading System Limited (ITS) informs of the forthcoming delisting of ordinary shares of WW International, Inc. (ISIN US98262P1012, QI) from The Nasdaq Stock Market LLC (Nasdaq).

Information regarding the QI's bankruptcy proceedings

On May 7, 2025 WW International, Inc. (Company) submitted a Current report on Form 8-K to The United States Securities and Exchange Commission (SEC). According to the report, on May 6, 2025 the Company filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (Chapter 11) to implement a prepackaged chapter 11 plan of reorganization (Plan) that effectuates a financial restructuring of the Company’s secured debt.

According to the Plan, all of the Company’s common stock will be cancelled, and each holder of the Company’s common stock will receive its pro rata share of 9% of the common equity of the reorganized Company, provided that the Plan is accepted within the expected timeline milestones (no later than 42 days after the begining of the Chapter 11 proceedings). Otherwise, current shareholders will receive no recovery at all.

Information regarding the QI's status on Nasdaq

On May 9, 2025 the Company submitted a Current report on Form 8-K to the SEC. According to the report, on May 9, 2025 the Company received a written notice from Nasdaq notifying that the Company’s securities will be delisted from Nasdaq as a result of the Company commencing voluntary petitions under Chapter 11. According to the notice, the trading of the Company’s common stock on Nasdaq will be suspended at the opening of business on May 16, 2025, and a Form 25-NSE will be filed with the SEC.

The Company anticipates that following suspension from trading, its common stock will commence trading on the Pink Current Market, operated by OTC Markets Group. The Company intends to seek to list, on Nasdaq or another national stock exchange, the new common equity of the reorganized Company that is expected to be issued pursuant to the Plan.

Information regarding the actions taken by ITS

ITS will publish separate notices on the procedures undertaken by ITS outlining how trading in these qualified investments will be carried out.

In view of the upcoming trading suspension on Nasdaq, ITS intends to limit short selling in respect of the Company’s ordinary shares starting from May 13, 2025, and to prohibit submission of Orders in respect of the Company’s ordinary shares in the Main Trading Mode and restrict ability to conclude Agreements based on such Orders starting from May 16, 2025.

Following delisting of the Company’s common stock from Nasdaq, ITS will evaluate the situation. In case the Company’s ordinary shares become listed, or admitted to trading on another Recognised Trading Venue, ITS will consider but does not guarantee continuation of trading in the Company’s ordinary shares. Otherwise, ITS will terminate trading in the Company’s ordinary shares.