Silicon Valley-based View, a smart window company, announced plans to merge with CF Finance Acquisition II. The combined company will be called View and will be publicly listed on the Nasdaq following shareholder approval.
The transaction gives View an enterprise value of $1.6 billion, and is expected to provide up to $800 million in proceeds, including a fully committed PIPE of $300 million and up to $500 million in cash held in trust by the SPAC.
View designs smart windows that use artificial intelligence and machine learning which will tint the glass to optimize natural light while controlling heat and glare to reduce energy consumption and greenhouse gasses. Read more.
