Benzinga | Jan 11, 2021 07:31AM EST

CF Finance Acquisition Corp. II and View, Inc. Expand PIPE Issuance To $500M With An Additional $200M Investment From GIC

CF Finance Acquisition Corp. II (NASDAQ:CFII) ("CF II") and View, Inc. ("View") today announced GIC, Singapore's sovereign wealth fund, has agreed to invest an additional $200 million in the previously announced private investment in public equity ("PIPE") issuance. The additional investment from GIC increases the fully committed PIPE investment from $300 million to $500 million.

On November 30, 2020, CF II, a special purpose acquisition company sponsored by Cantor Fitzgerald, and View, Inc., a Silicon Valley-based smart window company, entered into a definitive merger agreement. The transaction is now expected to deliver up to $1 billion of gross proceeds including the contribution of $500 million of cash held in CF II's trust account from its initial public offering. The combined company will be called View, Inc. and is expected to be publicly listed on Nasdaq following the close of the transaction.

"View is on a mission to address climate change and human health by making buildings smarter, healthier, more sustainable and more connected," said Dr. Rao Mulpuri, Chairman and Chief Executive Officer of View. "We are growing rapidly and the additional investment from GIC, a long-term investor, will allow us to capitalize on the tremendous growth opportunity ahead of View to modernize infrastructure and build a healthier, more sustainable future."

For more information, visit: https://view.com/investor-relations

Sidley Austin LLP acted as legal counsel to GIC in connection with the transaction.