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Akanksha Bakshi

View Secures Stay Of Delisting, Hearing To Regain Nasdaq Compliance

  • 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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