View, Inc. Reaffirms Expectation to Complete Financial Restatements, Release Full Year 2021 Financial Results in the First Quarter of 2022, and Regain NASDAQ Listing Compliance
February 22 2022 - 5:00PM
View, Inc. (NASDAQ: VIEW) (“View”), the leader in smart building
technologies, today reaffirms the company’s expectation to issue
its restated 2019, 2020 and Q1 2021 financial statements, as well
as its Q2 2021, Q3 2021 and full year 2021 financial statements in
the first quarter of 2022.
As expected, View received a Staff Delisting Determination (the
“Staff Determination”) from the Listing Qualifications Department
of The Nasdaq Stock Market LLC (“Nasdaq”). On February 22, 2022,
the Company appealed the Staff Determination by requesting a
hearing before a Nasdaq Hearings Panel (the “Hearings Panel”) to
present its plan to regain compliance with the applicable listing
requirements. Under Nasdaq Listing Rules, such request
automatically stays the suspension of the Company’s securities for
a period of 15 days from the date of the request. In connection
with its request for a hearing, the Company has also requested that
the suspension and delisting of its common stock be further stayed
pending the hearing and a decision of the Hearings Panel. According
to the Staff Determination, hearings are typically scheduled to
occur approximately 30-45 days after the date of a Company’s
hearing request.
Completing financial restatements as well as releasing quarterly
and annual filings detailed above would regain compliance with
applicable NASDAQ listing requirements.
View will host an investor call after the release of its 2021
results, at which time, the Company will provide a 2022 financial
outlook. The date, time and dial-in details will be released in
advance of the call.
Forward-Looking StatementsThis press release
and certain materials View files with the SEC, as well as
information included in oral statements or other written statements
made or to be made by View, other than statements of historical
fact, contain certain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 as amended,
including statements regarding the expected timing for issuance of
View’s restated financial statements and issuance of View’s
financial statements for Q2 2021, Q3 2021 and full-year 2021. These
forward-looking statements are based on current expectations,
estimates, assumptions, projections, and management’s beliefs, that
are subject to change. There can be no assurance that these
forward-looking statements will be achieved; these statements are
not guarantees of future performance and are subject to certain
risks, uncertainties and other factors, many of which are beyond
View’s control and are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements. View’s business
is subject to a number of risks which are described more fully in
View’s definitive proxy statement filed with the SEC on February
16, 2021, as amended on February 23, 2021, which is incorporated by
reference into its Current Report on Form 8-K filed on March 12,
2021. View undertakes no obligation to update forward-looking
statements to reflect events or circumstances after the date
hereof.
About ViewView is the leader in smart building
technologies that transform buildings to improve human health and
experience, reduce energy consumption and carbon emissions, and
generate additional revenue for building owners. View Smart Windows
use artificial intelligence to automatically adjust in response to
the sun, increasing access to natural light and views while
eliminating the need for blinds and minimizing heat and glare.
Every View installation includes a cloud-connected smart building
platform that can easily be extended to reimagine the occupant
experience. View is installed and designed into over 90 million
square feet of buildings including offices, hospitals, airports,
educational facilities, hotels, and multi-family residences. For
more information, please visit: www.view.com.
Contacts:
For Investors: Samuel MeehanView,
Inc.IR@View.com 408-493-1358
For Media: Tom NolanGreat Ink
Communicationstom@greatink.com 908-392-0333
View (NASDAQ:VIEW)
Historical Stock Chart
From Mar 2024 to Apr 2024
View (NASDAQ:VIEW)
Historical Stock Chart
From Apr 2023 to Apr 2024