Jonathan M. Rothberg, Nevada Sanchez, and Tyler S. Ralston founded it in 2011, with its headquarters in Guilford in Connecticut. Larry Robbins is the founder of Glenview and the chairman of Longview. 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. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. He has been working to develop a coronavirus home test kit. The transaction is expected to raise $589 million in gross proceeds and value the company at an enterprise value of $1.5 billion. Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Butterfly Network has 276 employees across 5 locations and $350 m in total funding,. According to the Corporate Financial Institute, a SPAC or blank check company is formed to raise investment capital through an IPO. While Longview Acquisition can pursue an acquisition in any sector, industry, or geography, it has a particular emphasis on the healthcare sector. While commenting on Longview’s merger with Butterfly Network, he said, “Butterfly is the epitome of value-based care: better health, lower cost, and patient-centric.” At the closing, Longview is expected to own 7.6 percent of the combined company. Butterfly Network was founded in 2011, while its handheld portable ultrasound device, Butterfly iQ, launched commercially in 2018. Butterfly Network. Butterfly Network Inc. said Friday it has agreed to merge with special purpose acquisition corporation Longview Acquisition Corp. LGVW, +1.10% in a deal with an enterprise value of $1.5 billion. Check out why Butterfly Gandhi share price is up today. Butterfly Network, a digital health company, plans to hit the public market through the SPAC (special purpose acquisition company) route. Yahoo Finance. Investors must be able to afford the loss of their entire investment. At last check Longview shares were trading up 21% at $11.89. Butterfly iQ Now Approved by Health Canada, Butterfly rescinds features from handheld ultrasound device, working with FDA to re-enable, Butterfly Network Expands Ultrasound Access with New Offerings from Android and Affirm, Butterfly unveils device-agnostic, mobile-friendly ultrasound workflow platform. Butterfly Network is registered under the ticker NYSE:BFLY . Butterfly Network, a global leader in democratizing medical imaging, to be listed on NYSE through a merger with Longview Acquisition Corp. 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 - 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. EquityZen helps investors to access private companies and their employees to sell shares. The markets are rallying in 2020 despite the coronavirus pandemic. Use the PitchBook Platform to explore the full profile. Butterfly Network will rely on software to run its system, drawing on databases of images to pinpoint the correct diagnosis. What do you think of Butterfly? Bill & Melinda Gates Foundation and Fosun Pharma are the most recent investors. The period can be extended to 36 months through a shareholder vote. Butterfly Network SPAC Merger: 14 Things to Know About BFLY Stock The deal will close in Q1 2021 By William White , InvestorPlace Writer Nov 20, 2020, 12:42 pm EST November 20, 2020 Butterfly Network, Guilford, Conn., will be listed on the New York Stock Exchange under the ticker symbol BFLY. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use.EquityZen and logo are trademarks of EquityZen Inc. Other trademarks are property of their respective owners.© 2020 EquityZen Inc. All rights reserved. No existing stockholders are selling any shares in the transaction. Butterfly Network is backed by high-profile investors including Baillie Gifford, the Bill and Melinda Gates Foundation, and Fosun Industrial. The company's mission is to “democratize healthcare by making medical imaging accessible to everyone around the world.”. Butterfly Network designs the Butterfly iQ, a handheld single-probe whole-body ultrasound system that connects to a mobile phone or tablet. Butterfly Network's mission is to make ultrasound technology universally accessible and affordable through the sale of its iQ product and memberships. Is Veru Stock a Good Buy at These Prices or Should Investors Wait? Butterfly Network is funded by 6 investors. That means one probe that can emulate any … 4 weeks Butterfly Network SPAC Merger: 14 Things to Know About BFLY Stock InvestorPlace . He also owns a superyacht called Gene Machine, which is worth $40 million. Upcoming & Recent IPO's - IPOs Calendar - Yahoo Finance. Cell Manipulation for Personalized Therapies. so assuming smart pull back , this stock has good prospects of reaching 200 levels quickly . SPAC IPOs have been popular in 2020. Invest in Butterfly Network stock to help the 4.7 billion who lack access to medical imaging By Tom Taulli , InvestorPlace Writer & IPO Playbook Editor Aug 3, 2020, 5:01 am EST August 2, 2020 After a SPAC is created, it has 24 months to find a business target and complete the acquisition. The company is created solely to raise capital and merge with another company. Guilford-based health technology startup Butterfly Network Inc., maker of a portable, pocket-sized ultrasound device, is merging with hedge fund … ", Butterfly Network is a digital health company that's working to enable universal access to superior medical imaging through a portable handheld ultrasound device, Butterfly iQ. Events Calendar for: ... Tesla is a 'prime' candidate to see its stock plummet after it enters S&P 500, analyst says. 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