View Inc. is a smart glass manufacturer headquartered in San Jose, California. Its dynamic glass is installed on various products throughout the U.S., including on Uplands II in Austin, Texas (pictured).

View Inc. has announced it will file for Chapter 11 bankruptcy and go private. The smart glass provider entered into an agreement with Cantor Fitzgerald, RXR Realty and other stakeholders to restructure its finances after numerous legal and financial problems.

View has had a rocky few years following its move to go public in 2020. The company was fined $5 million for unlawfully discharging wastewater in Mississippi. The Securities and Exchange Commission fined it after its former chief financial officer allegedly failed to disclose liabilities regarding a sealing component defect in its windows. The company also laid off nearly 23% of its workforce in 2023.

As for the current state of View, company officials say it will continue normal operations through bankruptcy proceedings.

“The announcement marks the culmination of a thorough strategic review of our business operations to help ensure we have the proper capital structure going forward,” says View CEO Dr. Rao Mulpuri. “With the support of Cantor Fitzgerald and RXR, we intend to maximize our business potential with increased financial stability and be better positioned to increase our presence across the real estate ecosystem.”

Officials say they expect court approval within 45 days. Once the move is approved, View will emerge as a privately held company with a reorganized board of directors. Howard Lutnick, chairperson and CEO of Cantor Fitzgerald, and Scott Rechler, chairperson and CEO of RXR, will support and guide View on its operational structure and corporate strategy.

“We continue to be impressed with View’s products and software services,” says Lutnick. “Our financing is intended to allow View to continue developing innovative offerings for the real estate industry.”

When it went public, View was valued at $1.6 billion; however, by early 2023, it held $227.6 million in debt, compared to only $65.3 million in cash. In the year prior, the startup lost $426.4 million while recording $128.8 million in revenue.

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