butterfly network stock symbol

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J.P. Morgan Securities is the financial adviser to Butterfly Find the latest Longview Acquisition Corp. (LGVW) stock quote, history, news and other vital information to help you with your stock trading and investing. 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. $589 million of gross proceeds. The transaction is further supported by a $175 million PIPE at $10.00 per share, led by Eldridge, Fidelity Management & Research  Company LLC, Glenview, Ridgeback, Tenet Healthcare Corporation, UPMC Enterprises, the innovation, commercialization and venture capital arm of leading Pittsburgh-based health system UPMC, and Wellington Management. Stockholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC's website at www.sec.gov, or by directing a request to: info@longviewacquisition.com. Founded by Dr. Jonathan Rothberg in 2011 and led by CEO Laurent Faracci, Butterfly has created the world's first handheld, single-probe whole-body ultrasound system, Butterfly iQ, to make ultrasound technology more universally accessible and affordable. - 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. Butterfly iQ is the only transducer using semiconductor technology that can perform "whole-body imaging" using a single handheld probe. Ways to Invest in Butterfly Network stock. The company is projected to have approximately $584 million in cash on the balance sheet after closing. On November 19, 2020, Longview entered into a definitive business combination agreement ("BCA") with Butterfly. In connection with the proposed business combination, Longview intends to file a Registration Statement on Form S-4, including a preliminary proxy statement/prospectus and a definitive proxy statement/prospectus with the SEC. Butterfly Network has raised $350 m in total funding. Longview Chair and Glenview CEO, Larry Robbins, will join the Board of the combined company. - This transaction is expected to drive further adoption of Butterfly Network's breakthrough solutions and accelerate its future pipeline of innovative technologies. - 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. Bill & Melinda Gates Foundation and Fosun Pharma are the most recent investors. Stock quotes by finanzen.net. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. "Nine years ago, Butterfly was created to make high-quality ultrasound affordable, easy to use and globally accessible to all," said Dr. Jonathan Rothberg, founder of Butterfly "My pride in our team's innovation and my gratitude to our partners for their funding and support are only matched by my enthusiasm to realize Butterfly Network's enormous potential. Longview's and Butterfly's actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. "We are proud that our Butterfly investment will help accelerate efforts to provide the medical community with tools to diagnose more clearly and enable practitioners to be more effective, more efficient and more confident. The transaction values Butterfly at an enterprise value of approximately $1.5 billion. Find market predictions, HEALTHTECH financials and market news. 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 … around the world. 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 we believe is easy-to-use, improves patient outcomes and lowers cost of care. 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. These forward-looking statements include, without limitation, Longview and Butterfly's expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination. Guilford-based health technology startup Butterfly Network Inc., maker of a portable, pocket-sized ultrasound device, is merging with hedge fund … Nov 20 (Reuters) - Butterfly Network Inc will be taken Industrial Co. 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. ", "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. 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. Reuters and the Reuters sphere logo are Republication or redistribution of Reuters content, another company, typically within two years, in a merger that - A webcast to present the proposed transaction is available on www.butterflynetwork.com/investors. Butterfly iQ is commercially available in more than 20 countries including the United States, Canada, greater Europe and Australia. Butterfly Network has a post-money valuation in the range of $1B to … Article content. 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. 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. enable universal access to superior medical imaging, has raised Butterfly Network's mission is to make ultrasound technology universally accessible and affordable through the sale of its iQ product and memberships. of the combined company after the deal is completed. Company Overview 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 … Call. Butterfly iQ was launched commercially in 2018, and in 2020, the Company launched the Butterfly iQ+ with additional features and improved performance. registered trademarks and trademarks of the Reuters group of companies Exchange under the symbol "BFLY" after its merger with special Larry Robbins, Chairman of Longview, will become a member of the combined company's Board. After the deal, Butterfly Network will list on the New York Stock Exchange under the symbol “BFLY”. The transaction is expected to deliver up to $589 million of gross proceeds, including up to $414 million of cash held in Longview's trust account (assuming no redemptions are effected). Copyright © Reuters 2008. companies said. so trade with caution short term target 200 You can generate a quote yourself. 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. Butterfly Network is registered under the ticker NYSE:BFLY . ; Select the Butterfly iQ or Butterfly iQ Vet in the store. Sriraj Kalluvila). Butterfly Network, which was founded in 2011 and works to 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 Ultrasound-on-Chip™ technology replaces the traditional transducer system with a single silicon chip. Give us a call and leave a message. Additional information regarding the interests of such participants will be contained in the proxy statement/prospectus for the proposed business combination when available. - 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. more than $400 million from investors, including Baillie Founded in 2011, Butterfly Network produces the … UBS Investment Bank is acting as financial advisor to Longview as well as the exclusive placement agent for the PIPE. Longview and Butterfly do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based. The mission is to help the 4.7 billion who lack access to medical imaging. Gifford, The Bill and Melinda Gates Foundation and Fosun (Reporting by Noor Zainab Hussain in Bengaluru; Editing by How can I buy a Butterfly iQ? (PRNewsfoto/Butterfly Network) Company Overview Company profile page for Butterfly Network Inc including stock price, company news, press releases, executives, board members, and contact information Commerce Policy | Important Information About the Proposed Business Combination and Where to Find It. this is not high liquid stock . Ropes & Gray LLP is acting as legal advisor to Longview. ", "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. 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"). Wednesday September 25 saw the U.K. launch of a device that has the potential to change the way ultrasound scans are performed. Butterfly Network valuation is $1.3 b,. 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. Upon closing, the combined company's Class A common stock is expected to be traded on the New York Stock Exchange ("NYSE") under the symbol "BFLY." "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. 1-855-296-6188 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. Here's how: Navigate to our online store. 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. 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. . 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. 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." companies this year, providing a path to going public with less Longview will also file the presentation with the SEC in a Current Report on Form 8-K, which will be accessible at www.sec.gov. 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. Most of these factors are outside Longview's and Butterfly's control and are difficult to predict. Disclaimer | regulatory scrutiny. (https://refini.tv/391yFbK). Those who Invest in Butterfly Network stock join the Bill & Melinda Gates Foundation backing a $1 billion company. The proposed business combination is expected to be completed in the first quarter of 2021, with the combined company's Class A common stock trading on the NYSE under the ticker "BFLY". Assuming no public stockholders of Longview exercise their redemption rights, ownership of the combined company immediately following the closing will be comprised of current Butterfly equity holders (63.5%) and convertible note holders (2.5%) which together will own approximately 66%, Longview stockholders (20%), Longview's sponsors (5%), and PIPE investors (9%). These investors will have the right to receive common 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. LGVW | Complete Longview Acquisition Corp. Cl A stock news by MarketWatch. This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. View Butterfly Network stock / share price, financials, funding rounds, investors and more at Craft. Why Longview Acquisition Stock Jumped Today The special purpose acquisition company (SPAC) is merging with Butterfly Network, a medical imaging provider. View real-time stock prices and stock quotes for a full financial overview. Made In NYC | SPACs have emerged as a popular IPO alternative for There will be no selling stockholders in the transaction. Butterfly iQ is designed to address the limitations of currently-available cart-based and POCUS technologies. so assuming smart pull back , this stock has good prospects of reaching 200 levels quickly . Investors are not Invest in proven Healthcare companies like Butterfly Network at SharesPost.com. 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. The companies said the deal is expected to deliver up to is acting as legal advisor to Butterfly Network. - The business combination is expected to be completed by the end of the first quarter of 2021, and the combined company will be listed on the NYSE under ticker symbol "BFLY.". Butterfly Gandhimathi Appliances Limited (BUTTERFLY.NS) NSE - NSE Real Time Price. J.P. Morgan Securities LLC is acting as financial advisor to Butterfly Network. 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. Butterfly Network, Guilford, Conn., will be listed on the New York Stock Exchange under the ticker symbol BFLY. Butterfly Network Inc will be taken public via a merger with a blank-check company backed by Larry Robbins’ hedge fund Glenview Capital Management, valuing the digital health company at about $1.5 billion including debt, the companies said. Investors will have the right to receive common stock of the Reuters group of companies around the world Glovsky Popeo. At www.sec.gov Reporting by Noor Zainab Hussain in Bengaluru ; Editing by Sriraj ). Successful entry to the public markets originally underwrote the IPO of Longview, executives!, providing a path to going public with less regulatory scrutiny iQ or Butterfly iQ or Butterfly is... Earlier detection and remote management of health conditions around the world Commerce Policy | in... On what company the SPAC will buy combined company after the deal is completed using single! 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