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Top related persons:
Vidul Prakash - 1 Prakash - 1 Rao Mulpuri - 1 He's - 1
Top related locs:
California SPAC
Top related orgs:
Inc - 1 Securities and Exchange Commission - 1 SEC - 1 Greensill - 1 New York Stock Exchange - 1

Search resuls for: "Rao Mulpuri"


2 mentions found


☆ SoftBank's View avoids SEC fine, but is still running low on cash. How it went from investor darling to SPAC disaster.
  + stars: | 2023-07-05 | by ( Hayley Cuccinello | Aaron Weinman | ) www.businessinsider.com   time to read: +3 min
SoftBank-funded View Inc. has been dogged by regulatory troubles for more than a year and a half. The agency declined to fine View as the company self-reported the liability understatement, cooperated with the investigation, and "promptly undertook remedial measures." The SEC order did find that View violated several securities laws pertaining to negligence-based antifraud, internal accounting controls, and other matters. The firm's controversial CEO, Rao Mulpuri, has managed to raise cash for View multiple times when the company ran perilously low on cash, including from the now-bankrupt financier Greensill Capital. This is the second time View has been threatened with delisting since going public via SPAC in March 2021.
Persons: Vidul Prakash, Prakash, Rao Mulpuri, He's Organizations: Inc, Securities and Exchange Commission, SEC, Greensill, New York Stock Exchange Locations: California, SPAC
☆ SoftBank's View just narrowly escaped running out of money. Here's how it went from investor darling to one of the worst SPAC deals ever.
  + stars: | 2022-08-08 | by ( Hayley Cuccinello | Aaron Weinman | ) www.businessinsider.com   time to read: +1 min
The California glassmaker announced on October 27 that it raised $200 million in convertible senior notes due in 2027. View has struggled since going public less than two years ago via SPAC, and was nearly delisted by the New York Stock Exchange for failing to file numerous financial statements. For those looking from the outside, View's troubles came on suddenly, but insiders said the company burned cash and struggled with product failures for years. Insider spoke with 27 former employees and two current employees across View's finance, sales, marketing, factory-operations, engineering, recruiting, and IT departments. "He's always been able to pull a rabbit out of a hat when it comes to procuring more money for the company," one banker familiar with View said.
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