J.P. Morgan Securities is the financial adviser to Butterfly "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.". Nov 20 (Reuters) - Butterfly Network Inc will be taken How can I buy a Butterfly iQ? This partnership will enable us to bring more Butterfly innovative solutions to market faster, helping us improve patient outcomes and the way healthcare is delivered. 1-855-296-6188 the prior written consent of Reuters. Company profile page for Butterfly Network Inc including stock price, company news, press releases, executives, board members, and contact information . Butterfly Network's mission is to make ultrasound technology universally accessible and affordable through the sale of its iQ product and memberships. All rights reserved. including by caching, framing or similar means, is expressly prohibited without The company will list its stock on the New York Stock - Longview is an affiliate of leading healthcare investment firm Glenview Capital Management, which is expected to own, along with its affiliates, 7.6% of the combined company's outstanding shares at closing. 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. Butterfly Network has raised $350 m in total funding. Those who Invest in Butterfly Network stock join the Bill & Melinda Gates Foundation backing a $1 billion company. more than $400 million from investors, including Baillie A more detailed description of the transaction terms and a copy of the Business Combination Agreement will be included in a Current Report on Form 8-K to be filed by Longview with the United States Securities and Exchange Commission ("SEC"). Butterfly iQ was launched commercially in 2018, and in 2020, the Company launched the Butterfly iQ+ with additional features and improved performance. If you're in a country where we are available, you can purchase a probe in the Butterfly Store.. How can I get a quote? Butterfly iQ is the only transducer using semiconductor technology that can perform "whole-body imaging" using a single handheld probe. We are pleased to welcome Longview as well as the PIPE investors to the Butterfly family, and we appreciate the support of the public markets in funding our commercial and societal goals. (https://refini.tv/391yFbK). After the deal, Butterfly Network will list on the New York Stock Exchange under the symbol âBFLYâ. ", "The success of Butterfly is fueled by a clear mission, superior technology made simple, a passionate community of healthcare practitioners and an immensely talented team," noted Laurent Faracci, Chief Executive Officer of Butterfly. companies said. - Butterfly Network's mission is to enable universal access to superior medical imaging, making high quality ultrasound affordable, easy-to-use, globally accessible and intelligently connected. enable universal access to superior medical imaging, has raised 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. 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. View real-time stock prices and stock quotes for a full financial overview. Upon the closing of the transaction, Dr. Jonathan Rothberg will become Chairman and hold a controlling voting interest in the combined company through his holdings of 20x voting Class B common stock. another company, typically within two years, in a merger that UBS Investment Bank and Cowen are acting as capital markets advisors to Longview, and originally underwrote the IPO of Longview in May 2020. ; Select the Butterfly iQ or Butterfly iQ Vet in the store. Butterfly Network designs a medical imaging device that reduces the cost of real-time and three-dimensional imaging and treatment. We will return your call within 1 business day. A SPAC is a shell company that uses IPO proceeds to buy Butterfly was founded by Dr. Jonathan Rothberg, a scientist and serial entrepreneur who received the Presidential Medal of Technology & Innovation in 2016 for inventing a novel next-generation DNA sequencing method. Copyright © Reuters 2008. this is not high liquid stock . The Company has sold to or has agreements in place with the majority of the largest 100 hospitals in the United States, and has built a strong brand among healthcare professionals, achieving an exceptional Net Promoter Score of 71 (USA). Content and data provided by various third parties and Fidelity −. 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. ⦠Bill & Melinda Gates Foundation and Fosun Pharma are the most recent investors. Prior to this transaction, Butterfly has raised more than $400 million from investors, including Baillie Gifford, The Bill and Melinda Gates Foundation and Fosun Industrial Co., Limited. Commerce Policy | © 2020 Insider Inc. and finanzen.net GmbH (Imprint). Wednesday September 25 saw the U.K. launch of a device that has the potential to change the way ultrasound scans are performed. Leading institutional investors including Eldridge, Fidelity Management & Research Company LLC, Glenview, Ridgeback, Tenet Healthcare Corporation, UPMC Enterprises and Wellington Management have anchored a $175 million PIPE at $10 per share. 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. That means one probe that can emulate any ⦠Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. Give us a call and leave a message. 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. Most of these factors are outside Longview's and Butterfly's control and are difficult to predict. Butterfly Network's mission is to enable universal access to superior medical imaging, making high quality ultrasound affordable, easy-to-use, globally accessible and intelligently connected, including for the 4.7 billion people around the world lacking access to ultrasound. public via a merger with a blank-check company backed by Larry Call. Robbins' hedge fund Glenview Capital Management, valuing the will take the acquired company public. registered trademarks and trademarks of the Reuters group of companies Find market predictions, HEALTHTECH financials and market news. Disclaimer | The company is projected to have approximately $584 million in cash on the balance sheet after closing. . around the world. Butterfly iQ is commercially available in more than 20 countries including the United States, Canada, greater Europe and Australia. View live HEALTHFORE TECHNOLOGIES LTD chart to track its stock's price action. ", "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. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of Longview as of a record date to be established for voting on the proposed business combination. Previously introduced Point-of-Care Ultrasound ("POCUS") devices are limited by 60 year-old technology and significant costs that hinder wide-spread use. - Butterfly Network's mission is to enable universal access to superior medical imaging, making high quality ultrasound affordable, easy-to-use, globally accessible and intelligently connected. Butterfly Network, a global leader in democratizing medical imaging, to be listed on NYSE through a merger with Longview Acquisition Corp. Butterfly Networkâs mission is to enable universal access to superior medical imaging, making high quality ultrasound affordable, easy-to-use, globally accessible and intelligently connected. Republication or redistribution of Reuters content, purpose acquisition company (SPAC) Longview Acquisition Corp (LGVW) Founded in 2011, Butterfly Network produces the ⦠Upon closing, the combined company's Class A common stock is expected to be traded on the New York Stock Exchange under the symbol "BFLY." Butterfly and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of Longview in connection with the proposed business combination. SPACs have emerged as a popular IPO alternative for Guilford-based health technology startup Butterfly Network Inc., maker of a portable, pocket-sized ultrasound device, is merging with hedge fund ⦠We are honored to support Jonathan, Laurent and the Butterfly team to fully capitalize on their revolutionary technology and aspirational vision. "We believe the combination with such a premier healthcare partner as Longview Acquisition Corp. will amplify and accelerate the adoption of Butterfly iQ around the world. Butterfly Network. On November 19, 2020, Longview entered into a definitive business combination agreement ("BCA") with Butterfly. Shares of Longview were up 4% in premarket trading and increased up to 20% after the stock ⦠Made In NYC | Founded in 2011, Butterfly Network, Inc. is an innovative digital health company that has a mission to enable universal access to superior medical imaging, making high quality ultrasound affordable, easy to use, globally accessible and intelligently connected. 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. so trade with caution short term target 200 - Founder Dr. Jonathan Rothberg to become Chairman of the combined company and will be Butterfly's largest controlling shareholder. - Butterfly iQ is the only ultrasound transducer that can perform "whole-body imaging" with a single handheld probe using semiconductor technology. 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