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Compass' S-1 IPO Filing Reveals $270M in 2020 Losses

Compass' S-1 IPO Filing Reveals $270M in 2020 Losses
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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More Sovereign Wealth Fund SPAC Action, as GIC Sees Promise in View Inc

More Sovereign Wealth Fund SPAC Action, as GIC Sees Promise in View Inc
Posted on 01/11/2021
SPACs are giving life to profitless unicorns in the renewable sector, whether in electric vehicles or building supplies. Blank check company CF Finance Acquisition Corp. II (Nasdaq: CFII) (“CF II”) and Milpitas-based View, Inc. announced GIC Private Limited, Singapore’s sovereign wealth fund, has agreed to invest an additional US$ 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 US$ 300 million to US$ 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 US$ 1 billion of gross proceeds including the contribution of US$ 500 million of ca ....

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