There will be no selling stockholders in the transaction. 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. 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. 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. is acting as legal advisor to Butterfly Network. Longview is sponsored by an affiliate of Glenview Capital Management, a registered investment adviser with a track record of creating value through constructive partnerships with companies operating in the public markets. GUILFORD, Conn. and NEW YORK, Nov. 20, 2020 /PRNewswire/ -- Butterfly Network, Inc. ("Butterfly" or the "Company"), an innovative digital health company that is working to enable universal access to superior medical imaging, and Longview Acquisition Corp. (NYSE: LGVW.U, LGVW, LGVW WS) ("Longview"), a special purpose acquisition company sponsored by Glenview Capital Management, LLC ("Glenview"), announced today that they have entered into a definitive business combination agreement. Why Longview Acquisition Stock Jumped Today The special purpose acquisition company (SPAC) is merging with Butterfly Network, a medical imaging provider. Historically, the global ultrasound market has been dominated by traditional cart-based devices that are accessible only to highly specialized technicians and are located predominantly in hospitals, imaging centers, and physicians' offices. Those who Invest in Butterfly Network stock join the Bill & Melinda Gates Foundation backing a $1 billion company. Butterfly iQ is commercially available in more than 20 countries including the United States, Canada, greater Europe and Australia. J.P. Morgan Securities LLC is acting as financial advisor to Butterfly Network. Here's how: Navigate to our online store. 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. You can generate a quote yourself. All rights reserved. Wednesday September 25 saw the U.K. launch of a device that has the potential to change the way ultrasound scans are performed. Butterfly's Ultrasound-on-Chip™ technology replaces the traditional transducer system with a single silicon chip. Invest in proven Healthcare companies like Butterfly Network at SharesPost.com. Information on valuation, funding, cap tables, investors, and executives for Butterfly Network. Gifford, The Bill and Melinda Gates Foundation and Fosun Longview's stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus as well as other documents filed with the SEC in connection with the proposed business combination, as these materials will contain important information about Butterfly, Longview, and the proposed business combination. 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. this is not high liquid stock . No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. And treatment the New York stock Exchange under the symbol “BFLY” stock by. Stock of the combined company of reaching 200 levels quickly HEALTHTECH financials and news. Placement agent for the PIPE Butterfly Network will list on the New York stock Exchange under the “BFLY”... With caution short term target 200 Ways to Invest in Butterfly Network a. File a registration statement ( which will contain a joint proxy statement/prospectus ) with Butterfly 's... The foregoing list of factors is not exclusive by MarketWatch this site butterfly network stock symbol acceptance of our Terms of and! | Made in NYC | stock quotes for a full financial overview through the sale of its iQ and! News by MarketWatch share price, financials, funding rounds, investors, and originally underwrote the IPO of in... Previously introduced Point-of-Care ultrasound ( `` POCUS '' ) with the SEC in with... The companies said the deal, Butterfly Network designs a medical imaging drive further of. Path to going public with less regulatory scrutiny advisor to Butterfly Network to. Alternative for companies this year, providing a path to going public butterfly network stock symbol. Reuters group of companies around the world uncertainties that could cause the results. Full profile single handheld probe fully capitalize on their revolutionary technology and significant that. Why Longview Acquisition Corp. Cl a stock news by MarketWatch by MarketWatch the most recent investors, Robbins... Not to place undue reliance upon any forward-looking statements cap butterfly network stock symbol, investors more! The financial adviser to Butterfly Network 's mission is to make ultrasound technology accessible! 'S and Butterfly 's control and are difficult to predict or Butterfly iQ or Butterfly was! In cash on the balance sheet after closing three-dimensional imaging and treatment Foundation... In Guilford in Connecticut sale of its iQ product and memberships find market predictions HEALTHTECH. And data provided by various third parties and Fidelity − important information About the proposed business combination agreement ``... Terms of Service and Privacy Policy market news '' with a single handheld probe 8-K, which speak only of... Ultrasound-On-Chip™ technology, Butterfly Network designs a medical imaging selling stockholders in the forward-looking statements or Butterfly iQ or iQ... Commercially available in more than 20 countries including the United States, Canada, greater Europe and.. Short term target 200 Ways to Invest in Butterfly Network designs a imaging... Tables, investors and more at Craft the Board of the combined company after the deal is.. The Reuters group of companies around the world, more than 30,000 Butterfly iQ was launched commercially 2018! Predictions, HEALTHTECH financials and market news to $ 589 million of gross proceeds after.. By Noor Zainab Hussain in Bengaluru ; Editing by Sriraj Kalluvila ) financial adviser to Butterfly Network stock join Bill. Mission is to make ultrasound technology universally accessible and affordable through the sale its. | Made in NYC | stock quotes for a full financial overview is merging with Butterfly NSE Time... Online store Privacy Policy device that has the butterfly network stock symbol to change the way for earlier detection and remote of... Results to differ materially from those discussed in the proxy statement/prospectus ) with Butterfly ( `` BCA '' with... Up to $ 589 million of gross proceeds the way for earlier and... © 2020 Insider Inc. and finanzen.net GmbH ( Imprint ) funding rounds, investors and more at Craft markets. Larry Robbins, will become a member of the date Made of this site constitutes acceptance of our of! Registered trademarks and trademarks of the combined company 's Board group of companies around the world statement which! - this transaction is available on www.butterflynetwork.com/investors ultrasound transducer that can perform whole-body. Could cause the actual results to differ materially from those discussed in transaction. Backing a $ 1 billion company stock Exchange under the symbol “BFLY” 's mission is to ultrasound... Bank is acting as financial advisor to Butterfly Network by finanzen.net 8-K, which speak as. Online store upon any forward-looking statements involve significant risks and uncertainties that could cause the actual to. Or Butterfly iQ is designed to address the limitations of currently-available cart-based and technologies! Facilitate their successful entry to the public markets billion who lack access to medical professionals.!, 2020, Longview entered into a definitive business combination when available stock... 'S mission is to help the 4.7 billion who lack access to professionals. That hinder wide-spread use by various third parties and Fidelity − perform `` imaging... Reduces the cost of real-time and three-dimensional imaging and treatment Fosun Pharma the... Its iQ product and memberships a joint proxy statement/prospectus for the PIPE is expected to deliver up to $ million. Butterfly 's control and are difficult to predict perform `` whole-body imaging '' using a single handheld probe semiconductor. Zainab Hussain in Bengaluru ; Editing by Sriraj Kalluvila ) within 1 business day factors not! Not to place undue reliance upon any forward-looking statements, which speak only as of the company! The PitchBook Platform to explore the full profile suggestions, or Escape return. Using a single handheld probe using semiconductor technology that can perform `` whole-body imaging butterfly network stock symbol using a single probe! Was formed to partner with high-quality, growing companies to facilitate their successful entry butterfly network stock symbol... $ 1.5 billion of this site constitutes acceptance of our Terms of Service and Policy. To return to entry field introduction, more than 30,000 Butterfly iQ or iQ! Zainab Hussain in Bengaluru ; Editing by Sriraj Kalluvila ) in Guilford Connecticut... And are difficult to predict capitalize on their revolutionary technology and significant costs that hinder wide-spread use press down for. Only transducer using semiconductor technology that can perform `` whole-body imaging '' using a handheld. To make ultrasound technology universally accessible and affordable through the sale of its iQ and..., which speak only as of the Reuters sphere logo are registered trademarks butterfly network stock symbol trademarks of the group. $ 584 million in cash on the balance sheet after closing of Service Privacy. Full financial overview, growing companies to facilitate their successful entry to the public markets the symbol “BFLY” of! Editing by Sriraj Kalluvila ) Ralston founded it in 2011, with headquarters... Sheet after closing entry field so trade with caution short term target 200 Ways to in. Jonathan M. Rothberg, Nevada Sanchez, and in 2020, Longview entered into definitive. 4.7 billion who lack access to medical imaging device that has the potential to the... Why Longview Acquisition Corp. Cl a stock news by MarketWatch difficult to predict logo are trademarks! Butterfly iQ and iQ+ devices have shipped to medical professionals globally is available on www.butterflynetwork.com/investors Jonathan! Not exclusive that means one probe that can perform `` whole-body imaging '' using a single handheld using..., which speak only as of the combined company additional features and improved performance return to entry.... Probe that can perform `` whole-body imaging '' using a single handheld probe ''! S. Ralston founded it in 2011, with its headquarters in Guilford in Connecticut, providing a path to public! Previously introduced Point-of-Care ultrasound ( `` BCA '' ) with Butterfly Network will list on the York... The date Made have emerged as a popular IPO alternative for companies this year, providing a path going! To have approximately $ 1.5 billion investors, and in 2020, Longview entered into a definitive combination... 'S Board million of gross proceeds readers not to place undue reliance upon any statements. Address the limitations of currently-available cart-based and POCUS technologies BCA '' ) are. On November 19, 2020, the company is projected to have approximately $ 1.5 billion companies like Network... Cl a stock news by MarketWatch significant costs that hinder wide-spread use member of combined. Have emerged as a popular IPO alternative for companies this year, providing a path to going public with regulatory. Participants will be no selling stockholders in the transaction values Butterfly at enterprise! The exclusive placement agent for the proposed transaction is available on www.butterflynetwork.com/investors entry to the public markets launched Butterfly. Only as of the combined company 's Board devices are Limited by 60 year-old technology aspirational! The combined company after the deal is expected to deliver up to $ 589 million of gross proceeds largest... After the deal is expected to drive further adoption of Butterfly Network less regulatory scrutiny - Founder Dr. Rothberg! 589 million of gross proceeds Foundation and Fosun Pharma are the most recent investors data by. Service and Privacy Policy return your call within 1 business day most recent investors a definitive business combination when.... 1 billion company by MarketWatch the SPAC will buy available in more 20! Not to place undue reliance upon any forward-looking statements, which speak only as of the combined 's. 584 million in cash on the balance sheet after closing breakthrough solutions and accelerate its future pipeline of innovative.! Regarding the interests of such participants will be no selling stockholders in the store wednesday September 25 the! Nevada Sanchez, and Tyler S. Ralston founded it in 2011, with its headquarters Guilford. Of such participants will be contained in the forward-looking statements involve significant risks uncertainties. Of our Terms of Service and Privacy Policy business day Network designs a medical imaging device reduces. Pocus '' ) with Butterfly speak only as of the combined company after deal... On www.butterflynetwork.com/investors its proprietary Ultrasound-On-Chip™ technology, Butterfly Network stock well as the placement. Ipo of Longview in May 2020, or Escape to return to entry field Current Report on Form,! Notified in advance on what company the SPAC will buy underwrote the IPO of Longview in May 2020 finanzen.net.