Media Relations. J.P. Morgan Securities is the financial adviser to Butterfly Network. Developer of a medical device designed to make medical imaging accessible to everyone for diagnosis and monitoring. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. One probe, whole-body imaging. Information on valuation, funding, cap tables, investors, and executives for Butterfly Network. 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. Its goal is to reduce the cost of ultrasounds and make them more readily available at cheaper prices. Once the merger is complete, Butterfly Network will have up to $589 million in gross proceeds. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Nasdaq That includes $414 million in cash currently held by Longview. Butterfly Network is a company that focuses on the creation of ultrasound technology. Say hello to Butterfly Network, digital health’s newest unicorn The portable ultrasound company raised a $250 million Series D financing round led by financial … All rights reserved. Medical imaging start-up Butterfly Network to go public via $1.5 billion SPAC led by Glenview Capital Larry Robbins, Glenview Capital, and Dr. … That means one probe that can emulate any transducer–linear, curved or phased. 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 & 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 … Butterfly's Ultrasound-on-Chip™ technology replaces the traditional transducer system with a single silicon chip. Convertible noteholders will own a 2.5% stake, Longview investors will have a 20%, Longview sponsors will hold a 5% stake and PIPE investors will have a 9% stake in the company. The, laboris nisi ut aliquip ex ea commodo consequat. Butterfly Network is looking for a Director of FP&A to build out the Financial Planning and Analysis function and to partner with the commercial teams. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. Medical Devices. View all funding rounds Joining Butterfly Network is the opportunity to redesign the future of healthcare through the power of technology. J.P. Morgan Securities LLC is acting as financial advisor to Butterfly Network. Butterfly Network is going public through a merger with special purpose acquisition company (SPAC) Longview Acquisition (NYSE:LGVW). This is a low probability trade, but we use this strategy when implied volatility is high, as the butterfly spread then trades cheaper. quotes delayed at least 15 minutes, all others at least 20 minutes. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex, To view Butterfly Network’s complete valuation and funding history, request access », To view Butterfly Network’s complete cap table history, request access », You’re viewing 5 of 11 competitors. The remaining $175 million comes from a private investment in public equity (PIPE). Developer of a medical device designed to make medical imaging accessible to everyone for diagnosis and monitoring. 2020 InvestorPlace Media, LLC. © 2020 PitchBook Data. PitchBook is a financial technology company that provides data on the capital markets. This PIPE is set at $10 per share and is led by Eldridge, Fidelity Management & Research Company LLC, Glenview, Ridgeback, Tenet Healthcare Corporation, and UPMC Enterprises. Butterfly Network Global Handheld Ultrasound Scanners Market to 2026 - Growing Inclination Towards Handheld Ultrasound Scanners for Point-of-Care Diagnostics DUBLIN, Feb. 20, 2019 /PRNewswire/ -- The "Global Handheld Ultrasound Scanners Market Size, Market … Butterfly Network designs a medical imaging device that reduces the cost of real-time and three-dimensional imaging and treatment. All rights reserved. Butterfly Network last raised $250M at a $1.3B valuation. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. Butterfly Network's latest funding round in September 2018 was reported to be $250 m. In total, Butterfly Network has raised $350 m. Butterfly Network's latest valuation is reported to be $1.3 b. Butterfly Network Capital Raised UBS Investment Bank is acting as financial advisor to Longview as well as the exclusive placement agent for the PIPE. All in all, this should set the company up with $584 million in cash after the deal closes. Its goal is to reduce the cost of ultrasounds and make them more … All rights reserved. Here’s what investors need to know about the Butterfly Network SPAC merger. Butterfly Network Named in Top 12 Companies Leading the Way in Digital Health and Co-founder Named in Forbes 30 Under 30. Butterfly Network is backed by high-profile investors including Baillie Gifford, the Bill and Melinda Gates Foundation, and Fosun Industrial. This will also result in LGVW stock changing from its current ticker to the new BFLY ticker. J.P. Morgan Securities LLC is acting as financial advisor to Butterfly Network. Butterfly Network has raised a total of $370 million in funding from investors including the Bill & Melinda Gates Foundation, Fosun Pharma and Fidelity. Longview Acquisition Corp. John Rodin info@longviewacquisition.com. Lists Featuring This Company East Coast Personal Health Companies The deal will have Butterfly Network becoming a wholly-owned subsidiary of Longview before the company changes its name to Butterfly Network. Butterfly Network's latest funding round in September 2018 was reported to be $250 m. In total, Butterfly Network has raised $350 m. Butterfly Network's latest valuation is reported to be $1.3 b. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. Butterfly Network expects the SPAC merger to close in Q1 2021. Butterfly Network, Inc. Sean Leous Westwicke, an ICR Company (646) 866-4012 Duis aute irure dolor in reprehenderit in voluptat, magna aliqua. The company's medical imaging device is portable, cheap and provides high-quality ultrasound on a single silicon chip, enabling doctors to continually improve diagnosis and therapy by transforming the way they image the body and perform surgery. Breaking the wing of butterfly can raise success rate and average P/L at the cost of increased max loss and fallen max profit. LGVW stock was up 20.6% as of noon Friday. Get the full list », To view Butterfly Network’s complete board members history, request access », You’re viewing 5 of 10 investors. Once the deal is complete, current Butterfly Network shares holders will own 63.5% of the new stock. Copyright © Since inception, Butterfly has raised over $375 million. Shares of Longview Acquisition (NYSE:LGVW) jumped today, up by 21% as of 12:50 p.m. EST, after the company announced its acquisition target. It’s worth noting that SPAC merger values Butterfly Network at $1.5 billion. PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Company profile page for Butterfly Network Inc including stock price, company news, press releases, executives, board members, and contact information GUILFORD, Conn., May 18, 2020 /PRNewswire/ -- Butterfly Network has developed and is rolling out a new version of TeleGuidance™, their ultrasound … Butterfly Network's mission is to make ultrasound technology universally accessible and affordable through the sale of its iQ product and memberships. Butterfly Network Investors: Butterfly Network comes with a strong backing of investors. 1125 N. Charles St, Baltimore, MD 21201. is acting as legal advisor to Butterfly Network. Personalize which data points you want to see and create visualizations instantly. Butterfly Network SPAC Merger: 14 Things to Know About BFLY Stock, 7 Growth Stocks You Don’t Want to Sleep On, Louis Navellier and the InvestorPlace Research Staff, 5 Cheap Stocks With Great-Performing Companies, Stock Market Live Updates Friday: FDA Endorses Moderna, Stocks Stall, It’s Time to Study Palantir and Nio: My Best and Worst Picks in 2020, 3 Hydrogen Stocks to Buy for the $11 Trillion Breakout, 8 Energy Stocks to Buy in a Changing Sector, The 8 Best Long-Term Stocks with Plenty of Potential. Butterfly Network has raised a total of $350M in funding across 2 rounds. 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. Article printed from InvestorPlace Media, https://investorplace.com/2020/11/butterfly-network-spac-merger-details/. Jonathan M. Rothberg, Nevada Sanchez, and Tyler S. Ralston founded it in 2011, with its headquarters in Guilford in Connecticut. Nevada Sanchez, a co-founder at Butterfly Network (a 4Catalyzer company), has been honored as one of Forbes 30 under 30 for 2015. is acting as legal advisor to Butterfly Network. ... tastytrade is a real financial network, producing 8 hours of live programming every weekday, Monday - Friday. Get the full list », To view Butterfly Network’s complete acquisitions history, request access », Co-Founder & Vice President of ASIC Design. Butterfly Network is a company that focuses on the creation of ultrasound technology. Use the PitchBook Platform to explore the full profile. At tastytrade, we tend to buy Call or Put Butterfly spreads to take advantage of the non-movement of an underlying stock. The Butterfly iQ has received CE Mark and FDA clearance, and is being sold in hospitals and clinics around the globe. Butterfly Network announced that it entered into a definitive business combination agreement and will go public with Longview Acquisition Corp. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sriraj Kalluvila) J.P. Morgan Securities LLC is acting as financial advisor to Butterfly Network. As of March 2020, Butterfly iQ has expanded its commercial presence to 20 markets and is used by over 15,000 … Get the full list », You’re viewing 5 of 10 executive team members. Upon the closing of the deal between Butterfly… Copyright © 2020 InvestorPlace Media, LLC. Butterfly Network, Inc. Mike Cavanaugh or Mark Klausner Westwicke, an ICR Company (646) 677-1838 investors@butterflynetwork.com. is acting as legal advisor to Butterfly Network. Includes $ 414 million in cash after the deal between Butterfly… j.p. Securities. 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