View, Inc. announced that it has entered into a non-binding term sheet with a prospective lead investor for a private placement of senior unsecured convertible notes for gross proceeds of up to $200 million and also entered into a common stock purchase agreement with YA II PN, Ltd., a fund managed by Yorkville Advisors Global LP, CF Principal Investments, LLC for gross proceeds of $100 million, for aggregate gross proceeds of $300 million on August 8, 2022. The company will issue common stock in the transaction. The company will pay upfront commitment fee equal to $1,250,000 by issuing common shares.The transaction will continue for a period of 36 months.

The transaction of notes will involve participation from qualified institutional buyers. The senior unsecured convertible notes will due 2027. The notes and common shares will be exempt from registration under Section 4(a)(2) under of the Securities Act of 1933.

The notes have not been and will not be registered for sale under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.