Ultrasound-on-chip company uses SPAC merger to go public: Page 2 of 2

November 25, 2020 //By Rich Pell
Ultrasound-on-chip medtech startup to go pulic via SPAC merger
Medical ultrasound imaging company Butterfly Network has announced that it will be going public via a merger with special purpose acquisition company (SPAC) Longview Acquisition Corporation.
solutions to market faster, helping us improve patient outcomes and the way healthcare is delivered."

Larry Robbins, founder of Glenview and Chairman of Longview adds, "Butterfly is the epitome of value-based care: better health, lower cost, and patient centric. 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."

The Pro Forma enterprise value of the merger is $1.5 billion, with the combined company expected to have an estimated $584 million in cash after closing. The business combination is expected to be completed by the end of the first quarter of 2021.

Butterfly Network

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