The well-funded startup will be merging with Longview Acquisition for a final valuation of $1.5 billion. Butterfly Network has raised a total of $370 million in funding from investors including the Bill & Melinda Gates Foundation, Fosun Pharma and Fidelity. Learn more about iQ+. Butterfly Network designs a medical imaging device that reduces the cost of real-time and three-dimensional imaging and treatment. You can generate a quote yourself. Butterfly Network has raised $350 m in total funding. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. 530 Old Whitfield St Butterfly's Ultrasound-on-Chip™ technology replaces the traditional transducer system with a single silicon chip. 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. That means one probe that can emulate any transducer–linear, curved or phased. Once the deal closes, the combined company will trade on the New York Stock Exchange under the symbol BFLY. ARKG, Bill Gates, Butterfly Network, Catherine Wood, Cathie Wood, IPOB Cathie Wood Adds Longview Acquisition SPAC Ahead Of Deal With Butterfly Network Tuesday, November 24, 2020 - … On December 17, Louis Navellier & Matt McCall will reveal the major events that will rock the markets in 2021. Butterfly Network is a company that focuses on the creation of ultrasound technology. Using your Butterfly account credentials, securely log in to Butterfly Cloud and access your saved studies, collaborate with colleagues, or manage your account. Its goal is to reduce the cost of ultrasounds and make them more readily available at cheaper prices. 5 imaging modes. All in all, this should set the company up with $584 million in cash after the deal closes. Will your money be safe? so assuming smart pull back , this stock has good prospects of reaching 200 levels quickly . Here’s what investors need to know about the Butterfly Network SPAC merger. Try refreshing your browser, or tap here to see other videos from our team. 2020 InvestorPlace Media, LLC. Butterfly Network, Guilford, Conn., will be listed on the New York Stock Exchange under the ticker symbol BFLY. … 1125 N. Charles St, Baltimore, MD 21201. 4,399 Number of Organizations • $49.7B Total Funding Amount • 1,219 … Millions of People Will Be Blindsided in 2021. 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 deal values Butterfly Network at $1.5 billion. Butterfly Network valuation is $1.3 b,. Lists Featuring This Company. Those who Invest in Butterfly Network stock join the Bill & Melinda Gates Foundation backing a $1 billion company. Butterfly Network. Butterfly Network is going public through a merger with special purpose acquisition company (SPAC) Longview Acquisition (NYSE:LGVW). Butterfly Network Stock. Once the merger is complete, Butterfly Network will have up to $589 million in gross proceeds. Butterfly Network SPAC Merger: 14 Things to Know About BFLY Stock, 8 Next Energy Solutions as We Pass Peak Oil, Fisker Stock Has the Potential for Big Future Gains, Louis Navellier and the InvestorPlace Research Staff, What Did the Stock Market Do? Connecticut Companies . The mission is to help the 4.7 billion who lack access to medical imaging. 1125 N. Charles St, Baltimore, MD 21201. Butterfly Network aims to transform medical imaging and non-invasive surgery by leveraging advances in semiconductors, deep learning and cloud computing. LGVW stock was up 20.6% as of noon Friday. Butterfly Network is a company that focuses on the creation of ultrasound technology. SHAREHOLDER ALERT: WeissLaw LLP Investigates Longview Acquisition Corp. Butterfly Network, a global leader in democratizing medical imaging, to be listed on NYSE through a merger with Longview, Butterfly Network, a global leader in democratizing medical imaging, to be listed on NYSE through a merger with Longview Acquis, Global Phased Array Ultrasonic Transducer Market to Surpass US$ 729.1 Million by 2027, Says Coherent Market Insights (CMI), Butterfly Network Reinvents Ultrasound Again with Butterfly iQ+. Developer of a medical device designed to make medical imaging accessible to everyone for diagnosis and monitoring. Copyright © 2020 InvestorPlace Media, LLC. 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. About Butterfly Network Stock. ; Select the Butterfly iQ or Butterfly iQ Vet in the store. It’s worth noting that SPAC merger values Butterfly Network at $1.5 billion. Guilford, CT 06437 Butterfly Network, Inc. Medical Devices Guilford, CT 27,837 followers Introducing the new Butterfly iQ+, powered by the world's most advanced Ultrasound-On-Chip™. 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 Network General Information Description. Nasdaq (https://refini.tv/391yFbK) We apologize, but this video has failed to load. Butterfly Network designs the Butterfly iQ, a handheld single-probe whole-body ultrasound system that connects to a mobile phone or tablet. Guilford, CT and New York, NY – November 20, 2020 – 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”), … Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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 deal will have Butterfly Network becoming a wholly-owned subsidiary of Longview before the company changes its name to Butterfly Network. The remaining $175 million comes from a private investment in public equity (PIPE). Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Here's how: Navigate to our online store. The transaction, which is expected to raise $589 million … 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. Once the deal is complete, current Butterfly Network shares holders will own 63.5% of the new stock. First on the list is Butterfly Network, maker of the Butterfly iQ handheld ultrasound devices and a corresponding workflow platform. All rights reserved. All rights reserved. Copyright © On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. In a nutshell, Butterfly Network… 1 probe, 20 presets. this is not high liquid stock . The other big news is a three-way deal involving UpHealth Holdings, a collection … That includes $414 million in cash currently held by Longview. quotes delayed at least 15 minutes, all others at least 20 minutes. It will have about $584 millio… November 20, 2020. The company will list its stock on the New York Stock Exchange under the symbol “BFLY” after its merger with special purpose acquisition company (SPAC) Longview Acquisition Corp . United States, Glenview's Larry Robbins on Butterfly Network Deal, Amazon, Robbins’s Longview Tapped by Ultrasound Startup for SPAC. A few taps to adjust preset based on what you’re scanning. Article printed from InvestorPlace Media, https://investorplace.com/2020/11/butterfly-network-spac-merger-details/. Announces Investigation of Longview Acquisition Corp. The combined company will list on the New York Stock Exchange under the ticker "BFLY." How can I buy a Butterfly iQ? Wednesday September 25 saw the U.K. launch of a device that has the potential to change the way ultrasound scans are performed. Easy-to-use software with powerful features. Butterfly Network announced that it entered into a definitive business combination agreement and will go public with Longview Acquisition Corp.. butterflynetwork.com | Healthcare | Founded: 2011 | Funding to Date: $370,761,699 Provider of a medical device designed to make medical imaging accessible to everyone for diagnosis and monitoring. - 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. This will also result in LGVW stock changing from its current ticker to the new BFLY ticker. Company profile page for Butterfly Network Inc including stock price, company news, press releases, executives, board members, and contact information The company's common stock will be traded on the New York Stock Exchange. View Butterfly Network stock / share price, financials, funding rounds, investors and more at Craft. Jonathan M. Rothberg, Nevada Sanchez, and Tyler S. Ralston founded it in 2011, with its headquarters in Guilford in Connecticut. Will You Be One of Them? Butterfly Network's mission is to make ultrasound technology universally accessible and affordable through the sale of its iQ product and memberships. The SPAC Deal: Butterfly Network, a handheld portable ultrasound company, is merging with Longview Acquisition Corp LGVW 1.78%. Dec. 11, 2020, A Tidal Wave of Cash Is About to Hit the Markets, Top SPAC Merger News This Week: Canoo, XL Fleet, Microvast and 10 More Hot SPACs, 8 Battery Stocks That Electric Vehicle Companies Rely On, The 10 Most Reliable Value Stocks to Buy for 2021, 7 Cheap Stocks to Buy Before the Market Realizes their Worth. Butterfly Network expects the SPAC merger to close in Q1 2021. Its goal is to reduce the cost of ultrasounds and make them more readily available at cheaper prices.