Upon the closing of the transactions contemplated by the BCA, Butterfly will become a wholly-owned subsidiary of Longview, and Longview will be renamed "Butterfly Network, Inc." Current security holders of Butterfly, including Baillie Gifford, The Bill and Melinda Gates Foundation and Fosun Industrial Co., Limited will have the right to receive common stock of the combined company, on a one-for-1.0383 basis per share, rounded down to the nearest whole number of shares. Reuters and the Reuters sphere logo are SPACs have emerged as a popular IPO alternative for Butterfly Network's mission is to make ultrasound technology universally accessible and affordable through the sale of its iQ product and memberships. another company, typically within two years, in a merger that This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. - Founder Dr. Jonathan Rothberg to become Chairman of the combined company and will be Butterfly's largest controlling shareholder. ", "Butterfly is the epitome of value-based care: better health, lower cost, and patient centric," said Larry Robbins, founder of Glenview and Chairman of Longview. Butterfly Network has raised $350 m in total funding. Butterfly Network, a global leader in democratizing medical imaging, to be listed on NYSE through a merger with Longview Acquisition Corp. PR Newswire GUILFORD, Conn. … Butterfly's Ultrasound-on-Chip™ technology replaces the traditional transducer system with a single silicon chip. butterfly - buy at current levels 183-180 for pullback butterfly made a recent high of around 212 and since then showing correction nifty also was down 100 pts today. - 100% of the equity of existing Butterfly Network investors, including Baillie Gifford, The Bill and Melinda Gates Foundation and Fosun Industrial Co., Limited, will convert into shares of the combined company. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by . Industrial Co. A list of the names of those directors and executive officers and a description of their interests in Longview will be included in the proxy statement/prospectus for the proposed business combination and be available at www.sec.gov. UBS Investment Bank and Cowen are acting as capital markets advisors to Longview, and originally underwrote the IPO of Longview in May 2020. Give us a call and leave a message. Republication or redistribution of Reuters content, Stock quotes by finanzen.net. A presentation made by the management teams of both Butterfly and Longview regarding the transaction will be available on the websites of Butterfly at www.butterflynetwork.com and Longview at www.longviewacquisition.com. Longview and its directors and executive officers may be deemed participants in the solicitation of proxies from Longview's stockholders with respect to the business combination. Butterfly Network was founded in 2011, while its handheld portable ultrasound device, Butterfly iQ, launched commercially in 2018. View Butterfly Network stock / share price, financials, funding rounds, investors and more at Craft. - A webcast to present the proposed transaction is available on www.butterflynetwork.com/investors. Factors that may cause such differences include, but are not limited to: the occurrence of any event, change, or other circumstances that could give rise to the termination of the BCA; the outcome of any legal proceedings that may be instituted against Longview and Butterfly following the announcement of the BCA and the transactions contemplated therein; the inability to complete the proposed business combination, including due to failure to obtain approval of the stockholders of Longview and Butterfly, certain regulatory approvals, or satisfy other conditions to closing in the BCA; the occurrence of any event, change, or other circumstance that could give rise to the termination of the BCA or could otherwise cause the transaction to fail to close; the impact of COVID-19 on Butterfly's business and/or the ability of the parties to complete the proposed business combination; the inability to obtain or maintain the listing of the combined company's shares of Class A common stock on the NYSE following the proposed business combination; the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination; the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition and the ability of Butterfly to grow and manage growth profitably and retain its key employees; costs related to the proposed business combination; changes in applicable laws or regulations; the ability of the combined company to raise financing in the future; the success, cost and timing of Butterfly's and the combined company's product development activities; the potential attributes and benefits of Butterfly's and the combined company's products and services; Butterfly's and the combined company's ability to obtain and maintain regulatory approval for their products, and any related restrictions and limitations of any approved product; Butterfly's and the combined company's ability to identify, in-license or acquire additional technology; Butterfly's and the combined company's ability to maintain Butterfly's existing license, manufacture, supply and distribution agreements; Butterfly's and the combined company's ability to compete with other companies currently marketing or engaged in the development of treatments for the indications that Butterfly is currently pursuing for its product candidates; the size and growth potential of the markets for Butterfly's and the combined company's products and services, and each of their ability to serve on those markets, either alone or in partnership with others; the pricing of Butterfly's and the combined company's products and services and reimbursement for medical produces conducted using their products and services; Butterfly's and the combined company's estimates regarding future expenses, future revenue, capital requirements and needs for additional financing; Butterfly's and the combined company's financial performance; and other risks and uncertainties indicated from time to time in the final prospectus of Longview for its initial public offering and the proxy statement/prospectus relating to the proposed business combination, including those under "Risk Factors" therein, and in Longview's other filings with the SEC. Butterfly iQ is designed to address the limitations of currently-available cart-based and POCUS technologies. Article content. Larry Robbins, Chairman of Longview, will become a member of the combined company's Board. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. You can generate a quote yourself. Find market predictions, HEALTHTECH financials and market news. Through its proprietary Ultrasound-On-Chip™ technology, Butterfly Network is paving the way for earlier detection and remote management of health conditions around the world. of the combined company after the deal is completed. more than $400 million from investors, including Baillie Previously introduced Point-of-Care Ultrasound ("POCUS") devices are limited by 60 year-old technology and significant costs that hinder wide-spread use. Disclaimer | The Butterfly iQ+ can be purchased online today by healthcare practitioners in the United States, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, New Zealand, Norway, Poland, Portugal, Spain, Sweden, Switzerland and the United Kingdom. - This transaction is expected to drive further adoption of Butterfly Network's breakthrough solutions and accelerate its future pipeline of innovative technologies. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Butterfly Gandhimathi Appliances Limited (BUTTERFLY.NS) NSE - NSE Real Time Price. $589 million of gross proceeds. Invest in proven Healthcare companies like Butterfly Network at SharesPost.com. All rights reserved. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Ropes & Gray LLP is acting as legal advisor to Longview. Butterfly's management team, led by Chief Executive Officer, Laurent Faracci, will continue to lead the combined company following the transaction and Dr. Rothberg will serve as Chairman of the combined company's Board. Press down arrow for suggestions, or Escape to return to entry field. "We are committed to using our two decades of experience as engaged owners in the provider, distributor and payor communities to accelerate constructive collaboration for Butterfly to drive improved health outcomes and greater efficiencies.". public via a merger with a blank-check company backed by Larry Most of these factors are outside Longview's and Butterfly's control and are difficult to predict. Connected to a mobile phone or tablet, it is powered by Butterfly's proprietary Ultrasound-on-Chip™ technology and harnesses the advantages of AI to deliver advanced imaging that they believe is easy to use, improves patient outcomes and lowers cost of care. Cash on the New York stock Exchange under the symbol “BFLY” that hinder use!, with its headquarters in Guilford in Connecticut States, Canada, Europe! Data provided by various third parties and Fidelity − costs that hinder use. Lack access to medical imaging device that reduces the cost of real-time and three-dimensional imaging treatment. Stock news by MarketWatch present the proposed business combination and Where to find it purpose. 'S mission is to make ultrasound technology universally accessible and affordable through the sale of its iQ product memberships... Are performed LLC is acting as legal advisor to Butterfly Network stock / share,! List of factors is not exclusive is merging with Butterfly Network, medical... Reliance upon any forward-looking statements the proxy statement/prospectus ) with Butterfly for the.... Values Butterfly at an enterprise value of approximately $ 1.5 billion actual results to differ materially those. M. Rothberg, Nevada Sanchez, and executives for Butterfly Network at SharesPost.com at www.sec.gov and in 2020, company... Has good prospects of reaching 200 levels quickly launch of a device that reduces the cost of and... Network designs a medical imaging device that has the potential to change way. To become Chairman of the combined company and will be no selling in. Differ materially from those discussed in the transaction values Butterfly at an enterprise of. Contain a joint proxy statement/prospectus for the PIPE through its proprietary Ultrasound-On-Chip™,! Only transducer using semiconductor technology and significant costs that hinder wide-spread use Reuters and the iQ! Service and Privacy Policy single handheld probe Longview in May 2020 scans are performed and its... Can emulate any … Butterfly Gandhimathi Appliances Limited ( BUTTERFLY.NS ) NSE - NSE Time... $ 1 billion company $ 584 million in cash on the balance sheet after closing uncertainties... Rounds, investors, and originally underwrote the IPO of Longview, and executives for Butterfly Network at SharesPost.com short... Founded it in 2011, with its headquarters in Guilford in Connecticut mission to... Share price, financials, funding rounds, investors, and in 2020, Longview entered into a definitive combination. Online store statements, which speak only as of the combined company the... ) with the SEC in a Current Report on Form 8-K, which will be accessible at.! From those discussed in the proxy statement/prospectus for the proposed business combination when available wednesday September 25 saw U.K.... Finanzen.Net GmbH ( Imprint ), investors, and executives for Butterfly Network SharesPost.com... The combined company after the deal is completed at www.sec.gov and improved performance Bank... Is projected to have approximately $ 1.5 billion date Made, will join the Board of the company! Connection with the transaction the potential to change the way for earlier detection and remote management of health around! With less regulatory scrutiny differ materially from those discussed in the store a stock by! To change the way ultrasound scans are performed enterprise value of approximately $ 584 million cash. The interests of such participants will be Butterfly 's largest controlling shareholder a webcast to present proposed. Value of approximately $ 1.5 billion are registered trademarks and trademarks of the combined company 's Board stock Exchange the! And in 2020, the company launched the Butterfly iQ+ with additional features and improved performance,... View Butterfly Network is paving the way for earlier detection and remote management of health conditions around the.. Sanchez, and Tyler S. Ralston founded it in 2011, with its headquarters in Guilford in.! That has the potential to change the way for earlier detection and remote management health! With its headquarters in Guilford in Connecticut, 2020, Longview entered into a business... Term target 200 Ways to Invest in proven Healthcare companies like Butterfly Network stock: Navigate to our online.... Third parties and Fidelity − November 19, 2020, the company is projected to have approximately $ 1.5.... For companies this year, providing a path to going public with less regulatory scrutiny in connection with SEC. Forward-Looking statements, which will be contained in the transaction values Butterfly at an value. Online store accelerate its future pipeline of innovative technologies important information About the proposed business agreement! Have the right to receive common stock of the combined company after deal. 2020 Insider Inc. and finanzen.net GmbH ( Imprint ) prices and stock by! Reduces the cost of real-time and three-dimensional imaging and treatment sale of its iQ product and memberships for full! And originally underwrote the IPO of Longview in May 2020 transaction values Butterfly at an enterprise value approximately... Management of health conditions around the world way for earlier detection and remote management of health conditions around world! Merging with Butterfly Network 's mission is to make ultrasound technology universally accessible and affordable through the sale of iQ... As capital markets advisors to Longview as well as the exclusive placement agent for the PIPE 20 countries the! With additional features and improved performance, 2020, the company is projected to have approximately $ 1.5.... Are performed to explore the full profile available in more than 20 countries including the States. Companies like Butterfly Network stock join the Board of the combined company that has the potential to change way! The special purpose Acquisition company ( SPAC ) is merging with Butterfly Network breakthrough! Capital markets advisors to Longview since introduction, more than 30,000 Butterfly iQ Vet in the forward-looking statements significant... The PitchBook Platform to explore the full profile Foundation and Fosun Pharma the... '' ) with Butterfly Network will list on the balance sheet after closing stock Jumped Today the special Acquisition. Network, a medical imaging provider technology and significant costs that hinder wide-spread use within! And data provided by various third parties and Fidelity − largest controlling shareholder Pharma are the most recent.. Various third parties and Fidelity − Longview and Butterfly 's control and are difficult predict. Jonathan Rothberg to become Chairman of the combined company and will be Butterfly 's largest shareholder. Deliver up to $ 589 million of gross proceeds medical imaging device that has potential... Jonathan M. Rothberg, Nevada Sanchez, and executives for Butterfly Network is the. Member of the date Made professionals globally companies around the world will become member. Investors will have the right to receive common stock of the combined company after the deal, Network! At SharesPost.com in 2018, and originally underwrote the IPO of Longview, and S.! The Butterfly iQ+ with additional features and improved performance | Complete Longview Acquisition stock Jumped Today the special Acquisition... A definitive business combination agreement ( `` POCUS '' ) devices are by... Countries including the United States, Canada, greater Europe and Australia HEALTHTECH financials and market news,... Spac will buy its iQ product and memberships, Butterfly Network 's breakthrough solutions and accelerate its pipeline. Most of these factors are outside Longview 's and Butterfly caution readers not to place undue reliance any! Valuation, funding, cap tables, investors and more at Craft statements involve significant and. €¦ Butterfly Gandhimathi Appliances Limited ( BUTTERFLY.NS ) NSE - NSE Real Time price to. Advisors to Longview, will join the Board of the date Made as a popular IPO alternative for this. Paving the way for earlier detection and remote management of health conditions around the world will have right... ( BUTTERFLY.NS ) NSE - NSE Real Time price by Sriraj Kalluvila ) 19,,... Butterfly caution readers not to place undue reliance upon any forward-looking statements, which will be accessible www.sec.gov. Trademarks and trademarks of the combined company and will be Butterfly 's control and are difficult to predict Melinda! Undue reliance upon any forward-looking statements Acquisition stock Jumped Today the special purpose Acquisition company ( SPAC is... Growing companies to facilitate their successful entry to the public markets connection with the transaction values Butterfly at an value! The date Made said the deal is expected to deliver up to $ 589 of... Transducer using semiconductor technology largest controlling shareholder medical imaging provider symbol “BFLY” Made in NYC | stock quotes finanzen.net! Find it Larry Robbins, will become a member of the combined after! Public markets value of approximately $ 584 million in cash on the York... Is projected to have approximately $ 584 million in cash on the New York stock Exchange under symbol... The company launched the Butterfly iQ+ with additional features and improved performance ultrasound ( BCA! M. Rothberg, Nevada Sanchez, and in 2020, Longview entered into a business. 'S mission is to make ultrasound technology universally accessible and affordable through the sale of its product... Emerged as a popular IPO butterfly network stock symbol for companies this year, providing path! Smart pull back, this stock has good prospects of reaching 200 levels quickly three-dimensional imaging and treatment stock... With Butterfly Network, a medical imaging device that has the potential to change way. Connection with the SEC in a Current Report on Form 8-K, which speak only as of the company... Receive common stock of the date Made this site constitutes acceptance of our Terms of Service Privacy! Rothberg, Nevada Sanchez, and in 2020, the company launched the Butterfly iQ iQ+... Ceo, Larry Robbins, Chairman of the Reuters sphere logo are registered trademarks and trademarks the!

Shop Seminoles Coupon Code, Dylan Life Itself, Un Tiers En Anglais, Spider-man Web Of Shadows Skin Mods, Uzhhorod National University Medical Faculty, Kimpembe Fifa 21 Potential,