View Inc., a Milpitas, California-based smart window company that uses artificial intelligence machine learning to tint glass to optimize natural light and control heat and glare, will go public on the NASDAQ exchange via a merger with an acquisition company sponsored by Cantor Fitzgerald. The combined company, to be called View Inc., will serve various real estate segments including corporate office, airports, multifamily, education and healthcare.
View Chairman and CEO Rao Mulpuri and CFO Vidul Prakash will continue to lead View.
“Climate change and human health are two of the most important challenges and opportunities of our time, and View is well-positioned to use technology to drive change across the real estate industry,” Mulpuri said. “View has created groundbreaking products, covered by over 1,000 patents, and built state-of-the-art manufacturing operations in the United States. As we become a public company and continue on our growth strategy, we are very excited to partner with Howard Lutnick and the team at Newmark, which will enable us to leverage their deep commercial real estate expertise.”
View’s smart windows are a game-changer that will revolutionize the real estate experience, said Howard Lutnick, chairman and CEO of Cantor Fitzgerald and CF Finance Acquisition Corp. II and chairman of Newmark Group.
“Buildings will no longer need blinds and shades, which will enhance the experience of building occupants, substantially reduce energy usage, and improve space utilization,” Lutnick said. “We are excited to be working with Rao and the team at View to not only help deliver the capital needed to further build out View’s capacity, but also leverage our real estate platforms to create awareness, scale and drive change across the real estate industry.”
Goldman Sachs & Co. LLC is acting as exclusive financial advisor to View. Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to View. Cantor Fitzgerald & Co. is acting as financial and capital markets advisor to CF II. Hughes Hubbard & Reed LLP and Ellenoff Grossman & Schole LLP are acting as legal advisors to CF II. Cantor Fitzgerald & Co. and Goldman Sachs & Co. LLC served as placement agents for the private investment in public equity financing.