View, Inc. Receives Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

Rhea-AI Summary

View, Inc. (Nasdaq: VIEW) received a notice from Nasdaq on November 16, 2021, due to non-compliance with Listing Rule 5250(c)(1). This is a result of the company's failure to file its Quarterly Reports on Form 10-Q for the periods ending June 30 and September 30, 2021. Although the notice does not affect the trading of its stock immediately, View must submit a compliance plan to Nasdaq, which could allow up to 180 days to regain compliance if accepted. View specializes in smart building technologies aimed at improving health, reducing energy use, and increasing revenue for building owners.

Positive

• View's technology is designed to enhance human health and experience.
• The company has installations in over 90 million square feet of various building types.

Negative

• Failed to timely file Quarterly Reports for two consecutive quarters.
• Non-compliance with Nasdaq Listing Rule may pose future risks for the company.

MILPITAS, Calif., Nov. 19, 2021 (GLOBE NEWSWIRE) -- View, Inc. (Nasdaq: VIEW) (“View” or the “Company”) received on November 16, 2021, a standard notice from Nasdaq (the “Notice”) indicating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the period ended September 30, 2021, and because the Company has not yet filed its Form 10-Q for the period ended June 30, 2021 (the “Second Quarter 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 with the Securities and Exchange Commission (the “SEC”).

The Nasdaq notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Market. The Notice provides that the Company must submit an update to its original plan to regain compliance with Nasdaq Listing Rule 5250(c)(1). If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Second Quarter Form 10-Q to regain compliance.

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.

Contacts:

For Investors: 
Samuel Meehan
View, Inc.
IR@View.com
408-493-1358

 

FAQ

What compliance issue did View, Inc. face with Nasdaq?

View, Inc. received a notice for non-compliance with Nasdaq Listing Rule 5250(c)(1) due to delayed filing of its quarterly reports.

When did View, Inc. receive the Nasdaq notice?

View, Inc. received the Nasdaq notice on November 16, 2021.

How long does View have to regain compliance with Nasdaq rules?

If the compliance plan is accepted, View has up to 180 days to regain compliance.

What reports did View not file on time?

View did not file its Quarterly Reports on Form 10-Q for the periods ended June 30 and September 30, 2021.

How is View, Inc. positioned in the smart building technology market?

View is a leader in smart building technologies, aiming to improve health and reduce energy consumption.