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Thoughtworks Holding, Inc.

Company NameThoughtworks Holding, Inc.
Stock SymbolTWKS

On February 12, 2024, Thoughtworks disclosed that previously issued financial statements for the second and third quarters of 2023 “should no longer be relied upon due to an inaccurate presentation of the change in cash flows ascribed to operating activities in the condensed consolidated statement of cash flows.” The Company further disclosed that the affected financial statements would need to be restated.

On this news, Thoughtworks’ stock price fell $0.27, or 6.1%, to close at $4.14 per share on February 13, 2024, thereby injuring investors.

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