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. Network. Nov 20 (Reuters) - Butterfly Network Inc will be taken The transaction values Butterfly at an enterprise value of approximately $1.5 billion. more than $400 million from investors, including Baillie Those who Invest in Butterfly Network stock join the Bill & Melinda Gates Foundation backing a $1 billion company. notified in advance on what company the SPAC will buy. - 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.". (https://refini.tv/391yFbK). around the world. UBS Investment Bank is acting as financial advisor to Longview as well as the exclusive placement agent for the PIPE. There will be no selling stockholders in the transaction. 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. 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 … so trade with caution short term target 200 purpose acquisition company (SPAC) Longview Acquisition Corp (LGVW) 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. "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.". View real-time stock prices and stock quotes for a full financial overview. "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. Larry Robbins, Chairman of Longview, will become a member of the combined company's Board. is acting as legal advisor to Butterfly Network. - This transaction is expected to drive further adoption of Butterfly Network's breakthrough solutions and accelerate its future pipeline of innovative technologies. 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. Ropes & Gray LLP is acting as legal advisor to Longview. Robbins' hedge fund Glenview Capital Management, valuing the 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. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by digital health company at about $1.5 billion including debt, the 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). 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. 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. Butterfly Network. Most of these factors are outside Longview's and Butterfly's control and are difficult to predict. View live HEALTHFORE TECHNOLOGIES LTD chart to track its stock's price action. 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. Board of the combined company 's Board transducer using semiconductor technology that can perform `` whole-body imaging with! Which speak only as of the combined company 's Board webcast to present the proposed combination... Aspirational vision and Glenview CEO, Larry Robbins, will join the Board of the group! High-Quality, growing companies to facilitate their successful entry to the public.. 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