View, Inc. Receives Expected Notification of Additional Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q
May 13 2022 - 4:45PM
View, Inc. (Nasdaq: VIEW) (“View” or the
“Company”), the leader in smart building technologies, today
announced that on May 12, 2022, it received a notice from the
Nasdaq Listing Qualifications staff of The Nasdaq Stock Market LLC
(“Nasdaq”) stating that the Company’s failure to file its Quarterly
Report on Form 10-Q for the period ended March 31, 2022 (the “Form
10-Q”), serves as an additional basis for delisting the Company’s
securities from Nasdaq, and that the Company should present its
view with respect to this additional deficiency to the Nasdaq
Hearings Panel in writing no later than May 19, 2022. As previously
announced, the Company received a Staff Delisting Determination on
February 15, 2022, notifying the Company that the Nasdaq Listing
Qualifications Department had initiated a process to delist the
Company’s securities from Nasdaq due to the Company’s failure to
file its Quarterly Reports on Form 10-Q for the periods ended June
30 and September 30, 2021 (the “Quarterly Reports”). As previously
announced, in April 2022 Nasdaq granted the Company a stay of
delisting through the end of May 2022.
As a result of the Company’s failure to file the
Quarterly Reports, the Company’s Annual Report on Form 10-K for the
year ended December 31, 2021, and the Form 10-Q, the Company is not
in compliance with Nasdaq Listing Rule 5250(c)(1), which requires
timely filing of all required periodic financial reports. Although
the Company is working diligently to file these periodic reports as
soon as possible, there can be no assurance that such reports will
be filed before the expiration of the previously granted stay of
delisting. If the Company fails to timely regain compliance
with Nasdaq’s continued listing standards, the common stock of the
Company will be subject to delisting on The Nasdaq Global
Market.
About View
View 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 unobstructed 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.
Forward-Looking Statements
This press release, and certain materials
View files with the U.S. Securities and Exchange Commission (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. 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
or supplemented, 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.
Contacts:
For Investors:
Samuel MeehanView, Inc.IR@View.com408-493-1358
View (NASDAQ:VIEW)
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