View completes 60-for-1 reverse stock split to meet Nasdaq $1 minimum bid price

View, Inc.

Reverse stock split at 60-for-1 effective July 26, 2023; shares reduced from ~242M to ~4M.
Stockholders approved reverse split at July 25 annual meeting with 183M votes for, 1.15M against.
Split intended to regain compliance with Nasdaq minimum $1.00 closing price requirement.
Board chose 60:1 ratio from approved range of 40:1 to 60:1; no fractional shares issued.
Common stock continues trading as VIEW with new CUSIP 92671V 304.

item 3.03 item 5.03 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

View, Inc.: Amended certificate of incorporation to effect a 60-for-1 reverse stock split (effective 2023-07-26).

Change: charter amendment
Effective: 2023-07-26

Exact text from the filing

On July 26, 2023, View, Inc. (“View” or the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware to effect a 60-for-1 reverse stock split of the outstanding shares of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock,” and such reverse stock split, the “Reverse Stock Split”). The Reverse Stock Split became effective upon the filing of the Certificate of Amendment on July 26, 2023 (the “Effective Time”), and View’s Common Stock will begin trading on a split-adjusted basis at market open today, July 27, 2023.

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-23-195260

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