Proptech Company View in Danger of Being Delisted on Nasdaq

Last week, View anticipated that it would disclose a cash balance of $201 million at the end of the first quarter of this year with no substantial debt, but it did not formally report its results, according to a company statement. Its stock price slipped below $1 on May 11 — and currently hovers at around $0.60 a share — after the firm announced there may be “substantial doubt about the company’s ability to continue,” because it lacks enough cash to meet its operating costs and obligations for at least a year after it releases its financial statements.