VIEW.....another one bites the dustMy condolences!
View, Inc. Reaches Agreement with Cantor Fitzgerald and RXR to Become a Private Company
2024-04-02 13:07 ET - News Release
Balance sheet restructuring designed to strengthen View’s financial position
Approvals received from key stakeholders across capital structure
MILPITAS, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- View, Inc. (Nasdaq: VIEW) (“View” or the “Company”), a leader in smart building technologies, today announced it reached an agreement with Cantor Fitzgerald, L.P. (“Cantor Fitzgerald”), RXR Realty (“RXR”), and certain of the Company’s stakeholders on the terms of a financial restructuring that is designed to strengthen the firm’s balance sheet and better position View for the future (the “Proposed Transaction”).
To ensure a timely process, View and certain of its subsidiaries will commence prepackaged Chapter 11 cases in the District of Delaware. During this time, View expects its operations to continue as normal. View also expects that trade claims will be unaffected, orders will continue to be fulfilled, and customers will continue to be supported.