The world’s first single-probe, whole-body ultrasound. J.P. Morgan Securities LLC is acting as financial advisor to Butterfly Network. Longview is a special purpose acquisition company , which have been all the rage this year. Longview will have approximately US$589 million in cash prior to the business combination, which includes US$175 million to be received in the previously announced private placement. That includes $414 million in cash currently held by Longview… Good morning, this is Larry Robbins, Chairman of Longview Acquisition Corp and CEO of Glenview Capital Management. Longview and Butterfly … Medical-imaging provider Butterfly Network said it would go public through a merger with Longview Acquisition LGVW, a special-purpose-acquisition company. ET Longview’s stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus as well as other documents filed with the SEC in connection with the proposed business combination, as these materials will contain important information about Butterfly, Longview, and the proposed business combination. It intends to engage in the medical imaging related digital health business. Date merger completed: 2/16/2021 with LGVW ticker changing into BFLY. The transaction values Butterfly at an enterprise value of approximately $1.5 billion. Larry Robbins, Chairman of Longview, will become a member of the combined company’s Board. Medical-imaging provider Butterfly Network is going public by merging with a SPAC, Longview Acquisition. Butterfly Network, Inc. and Longview Acquisition Corp. (LGVW) Announce Dr. Todd Fruchterman to Become President and CEO of the Combined Company Article Related Press Releases ( 1 … 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 Chief Executive Lauren Faracci will continue to lead the public company and Founder Jonathan Rothberg will be chairman. On November 19, 2020, Longview entered into a definitive business combination agreement (“BCA”) with Butterfly. Investor Relations Butterfly Network, Inc.Mike Cavanaugh or Mark KlausnerWestwicke, an ICR Company(646) 677-1838investors@butterflynetwork.com Longview Acquisition Corp.John Rodininfo@longviewacquisition.com Media Relations Butterfly Network, Inc.Sean LeousWestwicke, an ICR Company(646) 866-4012media@butterflynetwork.com‍. Longview and Butterfly caution that the foregoing list of factors is not exclusive. Read first-hand experiences from your peers. 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. Auto Bladder Volume tool is not available in Canada. 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.  The company is projected to have approximately $584 million in cash on the balance sheet after closing. Longview is promising a $1.5 billion pro forma enterprise value for the combined company once it goes public sometime in the first quarter of 2021. Since introduction, more than 30,000 Butterfly iQ and iQ+ devices have shipped to medical professionals globally. Merged with: Butterfly Network Inc. I am thrilled to announce the merger of Longview with Butterfly Network, the creator of Ultrasound-on-a-Chip and the leading provider of handheld, point of care ultrasound devices. SPAC Merger Prelim Proxy Filed on Longview/Butterfly Network Merger A date for the shareholder meeting to vote on the proposal was not included in … Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. 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. Date merger announced: 11/20/2020. ... Market Data Sources 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. UBS Investment Bank and Cowen are acting as capital markets advisors to Longview, and originally underwrote the IPO of Longview in May 2020. LGVW Stock: 15 Things to Know About Longview Capital and the Butterfly SPAC Merger The deal will close in Q1 2021 By William White , InvestorPlace Writer Dec 22, 2020, 10:46 am EST December 22, 2020 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. Longview will file a registration statement (which will contain a joint proxy statement/prospectus) with the SEC in connection with the transaction. 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. Longview will have approximately US$589 million in cash prior to the business combination, which includes US$175 million to be received in the previously announced private placement. Read studies conducted with Butterfly iQ+. Merger – Larry Robbins, Longview Chair . The fund manager added 459,572 shares of the SPAC, which is set to merge with Butterfly Network. Longview Acquisition had its IPO in May 2020 with the purpose of entering a merger, capital stock exchange, asset acquisition, and other such business combination with one or more businesses. This partnership will enable us to bring more Butterfly innovative solutions to market faster, helping us improve patient outcomes and the way healthcare is delivered.”, “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. “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. Read more. The company has raised over $400 million prior to the SPAC merger deal announcement. Longview is sponsored by an affiliate of Glenview Capital Management, a registered investment adviser with a track record of creating value through constructive partnerships with companies operating in the public markets. At closing, Glenview and its affiliates are expected to own 7.6% of the new company. Medical imaging provider Butterfly Network to merge with SPAC Longview in $1.5 billion deal Published: Nov. 20, 2020 at 7:13 a.m. NEW YORK, Feb. 9, 2021-- Longview Acquisition Corp. (NYSE: LGVW.U, LGVW, LGVW WS) , a special purpose acquisition company sponsored by an affiliate of Glenview Capital Management, LLC, reminds it shareholders to vote at the upcoming Special Meeting on Friday, February 12, 2021, to approve the proposed business combination with Butterfly Network, Inc. The Pro Forma enterprise value of Butterfly Network is $1.5 billion, with the combined company expected to have an estimated $584 million in cash after closing. Prior to this transaction, Butterfly has raised more than $400 million from investors, including Baillie Gifford, The Bill & Melinda Gates Foundation and Fosun Industrial Co., Limited. Butterfly has raised more than $400 million from private investors. The deal values Butterfly Network at $1.5 billion. Longview Acquisition on Nov. 27 filed a preliminary proxy outlining details of its proposed $1.5 billion merger with medical imaging company Butterfly Network. Butterfly iQ is the only transducer using semiconductor technology that can perform “whole-body imaging” using a single handheld probe. © 2021 TheStreet, Inc. All rights reserved. Butterfly Network, which is backed by Bill Gates, recently completed its SPAC merger. The transaction was announced on Nov. 20. “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. Teleguidance™ only available for iOS devices.3. For use by qualified and trained healthcare practitioners. Additional information regarding the interests of such participants will be contained in the proxy statement/prospectus for the proposed business combination when available. 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. 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. We are honored to support Jonathan, Laurent and the Butterfly team to fully capitalize on their revolutionary technology and aspirational vision.”, “Since our May IPO, Longview reviewed more than 50 investment opportunities to find an exciting growth company at an attractive valuation where Glenview could add significant value, and Butterfly emerged as a truly unique partner” said John Rodin, CEO of Longview and Co-President of Glenview. Previously introduced Point-of-Care Ultrasound (“POCUS”) devices are limited by 60 year-old technology and significant costs that hinder wide-spread use. 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. Longview and Butterfly caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Most of these factors are outside Longview’s and Butterfly’s control and are difficult to predict. Medical-imaging provider Butterfly Network said it would go public through a merger with Longview Acquisition LGVW, a special-purpose-acquisition company. The companies hope to complete the deal by the end of the first quarter. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination will be included in the proxy statement/prospectus for the proposed business combination. Longview Acquisition Corp, an affiliate of Glenview Capital Management, completed its merger with Butterfly Network. https://www.butterflynetwork.com/press-releases/merger-longview 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. We are pleased to welcome Longview as well as the PIPE investors to the Butterfly family, and we appreciate the support of the public markets in funding our commercial and societal goals.”, “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. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. UBS Investment Bank is acting as financial advisor to Longview as well as the exclusive placement agent for the PIPE. Date merger approved: 2/12/2021. Our ultrasound education platform, taught by experts. 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. See the latest product updates and feature enhancements. 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. Founded in 2011, Butterfly Network produces the Butterfly iQ, which it says is an ultrasound transducer that can perform whole-body imaging with a single handheld probe using semiconductor technology. Butterfly Network Inc, a digital health company and Longview Acquisition Corp, a blank check company sponsored by Glenview Capital Management LLC, have agreed to merge. Longview and Butterfly caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Rx only (USA). 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. Longview Acquisition (NYSE:LGVWU) (NYSE:LGVW), the special purpose acquisition company backed by Glenview Capital, will acquire Butterfly Network, a digital health company seeking to … “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.”. 1. The transaction was announced on Nov. 20. Biplane Imaging™ is only available for iQ+.4. LGVW Stock: 15 Things to Know About Longview Capital and the Butterfly SPAC Merger Longview Capital (LGVW) stock is on the move Tuesday after announcing plans for a SPAC merger with medical device company Butterfly Network. 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. Once the merger is complete, Butterfly Network will have up to $589 million in gross proceeds. Butterfly Network, Guilford, Conn., will be listed on the New York Stock Exchange under the ticker symbol 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%). About Butterfly Network: ... TSA checkpoint data for March 7 also showed … 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. Longview (LGVW) to Combine with Butterfly Network Nov 20, 2020 INTEL by Matt Cianci Longview Acquisition Corporation (NASDAQ:LGVW) announced this morning it has signed a definitive merger agreement with Butterfly Networks, the leading company in semiconductor-based point-of-care ultrasound (“POCUS”) devices and related imaging and workflow software.