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Benzinga

Business

Akanksha Bakshi

View Secures Stay Of Delisting, Hearing To Regain Nasdaq Compliance

View Nasdaq

Nasdaq has granted View Inc (NASDAQ:VIEW) a hearing for March 31, 2022, to present its plan to regain compliance with applicable listing requirements.
Additionally, View's request to extend the stay of suspension has been granted.
The company received a Staff Delisting Determination on February 15, 2022.
Recently, View announced that it had a cash balance of $281 million as of December 31, 2021, with no substantial debt on the balance sheet.
The company expects to improve cash burn through 2022 on higher volumes and revenues combined with associated improvements in operational efficiencies.
Price Action: VIEW shares are trading lower by 12.7% at $1.58 on the last check Tuesday.

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