The Desktop Metal SPAC differed from the others in the following ways: The Butterfly Network SPAC checks the first two bullet points, but not the last one. In this case, we have a quality company that – at least from where we sit – is inaccessible because shares are being bid up when the deal hasn’t even closed. Last we looked, the acquiring company’s shares were trading at a 65% premium. Founder Jonathan Rothberg will become chairman of the new company and wield controlling voting power through supervoting Class B shares that receive 20 votes per share. The question then becomes how an investment in Butterfly Network fits into our broader portfolio of tech stocks and dividend growth stocks. 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. For those who decide to pull the trigger on the Butterfly Network SPAC, here are some key metrics to watch. Butterfly Network is registered under the ticker NYSE:BFLY . Save my name, email, and website in this browser for the next time I comment. We detailed those trades here: https://www.nanalyze.com/2020/07/spacs-retail-investors/. The company's medical imaging device is portable, cheap and provides high-quality ultrasound on … Such is the case with Butterfly Network. For example, we advise readers to never try and time the market, but we’ll occasionally engage in the practice ourselves. Call. Building and selling a cheap handheld ultrasound machine is a simple business to understand. Butterfly Network, the maker of a $2,000 handheld ultrasound device, has raised $250 million from large private investors. THIS IS … If shares start to approach the $10 mark, then you’ll be paying what the smart money paid. Guilford-based health technology startup Butterfly Network Inc., maker of a portable, pocket-sized ultrasound device, is merging with hedge fund-backed Longview Acquisition Corp. and going public. 1-855-296-6188 While there are other companies offering handheld ultrasound units like Philips Lumify, the overall market penetration for handheld devices is quite low at less than 3% globally. Butterfly Network valuation is $1.3 b,. Butterfly Network is backed by high-profile investors including Baillie Gifford, the Bill and Melinda Gates Foundation, and Fosun Industrial. Company profile page for Butterfly Network Inc including stock price, company news, press releases, executives, board members, and contact information Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Longview Acquisition Stock Jumped Today @themotleyfool #stocks $LGVW, Why Longview Acquisition Stock Popped Today, Copyright, Trademark and Patent Information. Butterfly Network announced that it entered into a definitive business combination agreement and will go public with Longview Acquisition Corp. Bill & Melinda Gates Foundation and Fosun Pharma are the most recent investors. Let’s take a look under the hood of Butterfly Network. Butterfly Network has raised $350 m in total funding. As of November 1, 2020, Butterfly owned approximately 275 issued patents and approximately 537 pending patent applications. Given we already have a decent amount of exposure to the medical device theme, we’re not overly keen to occupy one of our 30 portfolio holding slots with a medical device company, exciting as it may sound. Butterfly Network, Inc. Sean Leous Westwicke, an ICR Company (646) … At this point in time nothing has transpired. Butterfly Network has raised a total of $370 million in funding from investors including the Bill & Melinda Gates Foundation, ... Stock Quotes, and Market Data and Analysis. Longview Acquisition Corp. John Rodin info@longviewacquisition.com. Your email address will not be published. The SPAC was announced on November 20th. We really wish SPACs would go away already because they present too many complications that aren’t found with traditional IPOs. When there is a company going public via SPAC that we might like to invest in, usually hype drives the shares skyward before the deal even goes through. About Butterfly Network Stock Butterfly Network designs the Butterfly iQ, a handheld single-probe whole-body ultrasound system that connects to a mobile phone or tablet. Then, some rumor will surface and the SPAC will often jump 50 to 70 percent or in some cases much higher. Market data powered by FactSet and Web Financial Group. Give us a call and leave a message. Today, their products are commercially available in 40 different countries including the United States, Canada, Australia, New Zealand, and throughout greater Europe. So, one way you could play this is to own shares in SPACs and wait for the rumor. Lots of investments are being made in shoring up their intellectual property portfolio. That means one probe that can emulate any transducer–linear, curved or phased. Butterfly Network is funded by 6 investors. A Handheld Ultrasound Device for Your Smartphone, https://www.nanalyze.com/2020/07/spacs-retail-investors/. Ultimately, they would like to get the device in the hands of consumers. The merger will give shareholders in Butterfly Network the right to receive shares of BFLY stock on a one-for-1.0383 basis per share. Butterfly's Ultrasound-on-Chip™ technology replaces the traditional transducer system with a single silicon chip. 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