Exhibit 99.1
Views Reverse Stock Split Expected to Become Effective for Trading on July 27, 2023,
Board Selects 60-for-1 Reverse Stock Split Ratio
MILPITAS, Calif. July 26, 2023 View, Inc. (Nasdaq: VIEW) (View or the Company) today announced that its Board of
Directors has approved a reverse stock split of the Companys Class A common stock at a ratio of 60-for-1. The reverse stock split was previously approved by
the Companys stockholders at the Companys 2023 annual meeting held on July 25, 2023.
The market effective date of the reverse stock
split, as of the opening of business, will be July 27, 2023. Once effective, the reverse stock split will reduce the number of shares of the Companys Class A common stock issued and outstanding, from approximately 242.4 million
to approximately 4.0 million.
No fractional shares will be issued as a result of the reverse stock split. In lieu thereof, the Companys
transfer agent, Continental Stock Transfer & Trust Company, will aggregate all fractional shares and sell them as soon as practicable after the effective time of the reverse stock split at then-prevailing prices on the open market. After
the transfer agents completion of such sales, stockholders who would have been entitled to fractional shares as a result of the reverse stock split will instead receive a cash payment from the transfer agent in an amount equal to their
respective pro rata portion of the total proceeds of those sales.
The objective of the reverse stock split is to ensure that View regains full compliance
with the Nasdaq Stock Market LLCs (Nasdaq) share price listing rule and maintains its listing on Nasdaq. As previously announced, View will regain compliance with Nasdaqs per share price listing rule if the bid price for the
Companys common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days during the compliance period ending August 14, 2023.
Views Class A common stock will begin trading on a split-adjusted basis on Nasdaq at the market open on July 27, 2023. The trading symbol for
Views Class A common stock will remain VIEW. The new CUSIP number for Views Class A common stock following the reverse stock split is 92671V 304.
About View
View is the leader in smart building
technologies that transform buildings to improve human health and experience, reduce energy consumption and carbon emissions, and generate additional revenue for building owners. View Smart Windows use artificial intelligence to automatically adjust
in response to outdoor conditions, eliminating the need for blinds and increasing access to natural light. Every View installation includes a cloud-connected smart building platform that can easily be extended to reimagine the occupant experience.
Views products are installed in offices, apartments, airports, hotels, and educational facilities. For more information, please visit: www.view.com.