(Reuters) - WeWork ( WEWOQ ) said on Tuesday David Tolley would step down as its CEO and director as the flexible workspace provider was set to emerge from Chapter 11 bankruptcy on the same day.

Below is a timeline of WeWork ( WEWOQ ) developments since mid-2019:

Aug 2019 WeWork ( WEWOQ ) filed for an IPO and published detailed

financial statements that showed it lost almost

$700 million in the first half of 2019 while

doubling its revenue.

Sept 2019 WeWork ( WEWOQ ) said it planned to proceed with an

investor roadshow for its IPO, despite concerns

over the valuation it could achieve in a listing.

Sept 2019 WeWork ( WEWOQ ) said it planned to list its stock on

Nasdaq and announced changes to its corporate

governance, including curbs in the voting power

of then CEO Adam Neumann.

Sep 2019 Co-founder Neumann agreed to resign as CEO,

bowing to pressure from some investors.

Sep 2019 WeWork ( WEWOQ ) filed to withdraw its IPO as the potential

valuation dropped to as low as $10 billion, from

$47 billion in January 2019.

Nov 2019 WeWork ( WEWOQ ) said it would lay off around 2,400

employees globally as it sought to drastically

cut costs and stabilize its business.

Feb 2020 WeWork ( WEWOQ ) named real estate industry veteran Sandeep

Mathrani as its new CEO.

Mar 2021 WeWork ( WEWOQ ) disclosed in a presentation to prospective

investors that it had lost $3.2 billion in 2020.

Mar 2021 WeWork ( WEWOQ ) agreed to go public through a merger with

blank-check firm BowX Acquisition Corp

Oct 2021 WeWork ( WEWOQ ) went public via a SPAC deal.

May 2022 WeWork ( WEWOQ ) appointed Andre Fernandez as its CFO,

replacing Benjamin Dunham.

Nov 2022 WeWork ( WEWOQ ) said it would exit about 40

underperforming U.S. locations.

Jan 2023 WeWork ( WEWOQ ) said it would cut about 300 roles globally

as part of efforts to cut back on underperforming

locations.

Mar 2023 WeWork ( WEWOQ ) struck deals to cut debt by about $1.5

billion and extend the date of some maturities,

in a bid to preserve cash as it felt the heat of

mass layoffs on its business.

Apr 2023 WeWork ( WEWOQ ) received a non-compliance notice from the

New York Stock Exchange, as its stock closed

below $1 on average over a consecutive 30

trading-day period.

May 2023 WeWork ( WEWOQ ) said CEO Sandeep Mathrani would step down,

effective May 26.

May 2023 CFO Andre Fernandez said he would resign on June

1, less than a year into the role.

Aug 2023 WeWork ( WEWOQ ) raised "substantial" doubt about its

ability to continue as a going concern, and said

three board members had stepped down.

Aug 2023 WeWork ( WEWOQ ) said it would proceed with a one-for-forty

reverse stock split to regain compliance with

listing requirements.

Sept 2023 WeWork ( WEWOQ ) started a process to negotiate favorable

terms with its landlords and planned to exit

underperforming locations.

Oct 2023 WeWork ( WEWOQ ) decided to withhold interest payments of

about $95 million related to some of its notes.

Oct 2023 WeWork ( WEWOQ ) named interim Chief Executive David Tolley

as its CEO.

Oct 2023 WeWork ( WEWOQ ) said Chief Operating Officer Anthony

Yazbeck would step down from that role and also

as the company's president on Oct. 20.

Oct 2023 WeWork ( WEWOQ ) withheld interest payment of about $6.4

million on some of its notes.

Oct 2023 WeWork ( WEWOQ ) planned to file for bankruptcy in the

first week of November, a source familiar with

the matter said.

WeWork ( WEWOQ ) said it sought U.S. bankruptcy protection

Nov 2023 and entered a restructuring agreement to wipe out

about $3 billion of secured debt

Nov 2023 WeWork ( WEWOQ )

secured

commitments for up to $682.5 million

in debtor-in-possession financing from some of

its lenders

WeWork ( WEWOQ ) founder

Feb 2024 Adam Neumann

was

trying to buy back the flexible

workspace company.

March 2024 Adam Neumann

submitted a bid

of more than $500 million to buy

back WeWork ( WEWOQ ), a source told Reuters

April 2024 WeWork ( WEWOQ ) said it

aimed

to emerge from Chapter 11 bankruptcy

in the U.S. and Canada by May 31 and had

negotiated more than $8 billion in reduction in

rent commitments from landlords

April 2024 WeWork ( WEWOQ )

announced

a settlement with its junior

creditors and a new cash infusion from its senior

lenders

May 2024 Adam Neumann

ended

his bid to re-acquire WeWork ( WEWOQ ) as the

company chose to emerge from bankruptcy with an

"unrealistic" plan, he told the New York Times'

Dealbook.

May 2024 A U.S. bankruptcy judge

approved

WeWork's ( WEWOQ ) Chapter 11 bankruptcy plan.

WeWork ( WEWOQ ) said CEO

June 2024 David Tolley

would step down as the company was

set to emerge from bankruptcy on the same day.