regulatory
confidence high
sentiment negative
materiality 0.80
View, Inc.: Nasdaq/NYSE listing notice — View receives Nasdaq delisting notice for bid price below $1; plans reverse split, files share validation petition
View, Inc.
- Nasdaq notice on Feb 13 for bid price below $1 for 30 consecutive days; 180-day cure until Aug 14, 2023.
- Company to hold special meeting seeking reverse stock split to regain compliance; ratio and date TBD.
- On Feb 15, filed Section 205 petition in Delaware to validate authorized share increases from 100M to 600M.
- If Section 205 fails, uncertainty over share validity could materially adversely affect the company.