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CF Finance Acquisition Corp II/View Inc: An ESG Prop-Tech Growth Story

Mar. 02, 2021 9:50 AM ETView, Inc. (VIEW)49 Comments
Chris Wallendal CFA profile picture
Chris Wallendal CFA


  • CFII, a SPAC sponsored by Cantor Fitzgerald, is set to merge with View Inc. after the stockholder meeting on Friday, March 5, 2021 in a deal valued at $1.6B.
  • View manufactures ESG-friendly electrochromic smart windows used in workplaces and offices, hospitals, universities, and airports to improve the comfort/wellbeing of occupants while reducing energy consumption.
  • The existing $400M manufacturing facility is scalable to $1B+ sales capacity and is supporting growing sales and backlogs.
  • Strong investors in real estate and technology, including the PIPE investors, and market relevant director and advisory board members add to this prop-tech leader.
  • View is a leader in dynamic glass windows, a technology that now has significant tailwinds in ESG mandates, increasing focus on employee health and productivity, and lower demand for office space forcing landlords to add premium features.

Author's Note: This article is written to introduce readers to CFII, the SPAC, which is set to reverse merge into View, Inc. this Friday, March 5th, 2021. Since this will be under a new name and ticker next week, I plan to then write a more extensive article about View, Inc.

Business Description

View is the market leader in next-generation smart windows that use artificial intelligence and machine learning which will tint the glass to optimize natural light while controlling heat and glare to enhance mental and physical well-being for occupants, creating smart connected buildings which reduce energy consumption and greenhouse gas (GHG) emissions.

View serves diverse real estate segments including corporate office, airports, multifamily, education, and healthcare. Strong secular tailwinds of climate change, human health and smart buildings are driving demand for View's smart windows. Environmental, social and governance initiatives and growing government regulations require buildings to retrofit and become energy efficient and net-zero-energy dwellings.

Source: Company / PR Newswire

View, Inc.'s artificial intelligence algorithms can collect data from inside and outside the building to automatically control the response of the window tinting:

Inputs for View Intelligence algorithmsSource: Company website

Alternatively, users can control the dynamic windows from an app or manually in the building.

Because each smart window is individually addressable, the windows on one side of a building or in a particular room/space can each be tinted to different levels depending on needs.

And to up the cool factor, panels can also be HD touchscreen displays:

View HD display panelsSource: company presentation

The system additionally provides sensors to monitor temperature, humidity, dust, and other elements of the building environment. It also adds 5G connectivity throughout the building and senses if a window is broken. Essentially, the network that is created by the cabling and control systems are capable of being updated to add even more features over time.

This article was written by

Chris Wallendal CFA profile picture
Analytical investment and asset management professional, with 25+ years of progressive experience in overseeing and executing fundamental research in equity, high-yield, and emerging markets, developing innovative investment strategies, and performing complex investment analysis. Entrepreneur with experience starting and operating successful manufacturing and eCommerce enterprise.

Analyst’s Disclosure: I am/we are long CFII. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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