Longview Acquisition Corp. Stockholders Approve Business enterprise Mixture with Butterfly Community, Inc.
NEW YORK, Feb. 12, 2021 /PRNewswire/ — Longview Acquisition Corp. (NYSE: LGVW.U, LGVW, LGVW WS) , a unique objective acquisition enterprise sponsored by an affiliate of Glenview Money Administration, LLC, announced right now that its stockholders voted to approve the proposed small business combination with Butterfly Network, Inc. with almost 100% of the shares of Longview voted at the Special Conference in favor of the enterprise combination proposal. A whole of 6 proposals had been considered and approved by stockholders at the Unique Meeting on February 12, 2021. A Kind 8-K disclosing the total voting benefits will be submitted with the Securities and Trade Commission on February 16, 2021.
On top of that, the deadline for electing redemptions has handed and Longview will have close to $589 million in money prior to the business enterprise combination, which involves $175 million to be obtained in the beforehand declared non-public placement, which is expected to near concurrently with the small business blend.
With this effective stockholder vote the proposed small business mixture is expected to close soon. Following the closing, the combined enterprise will be renamed Butterfly Community, Inc. and trade on the New York Inventory Exchange underneath the ticker symbol “BFLY”.
“We would like to thank the shareholders of Longview for their partnership and self confidence in us considering the fact that our May 20, 2020 IPO,” reported John Rodin, CEO of Longview. “We are proud to convey with each other economical and human cash, market knowledge, connectivity and an amazing progress firm to drastically accelerate medical innovation, raise the regular of treatment, lessen cost and make improvements to wellness by Butterfly, the New Picture of Overall health.”
“We are grateful to Dr. Jonathan Rothberg and the team of amazing researchers who invested nine years to develop and great Ultrasound-on-a-Chip, bringing real mobility, accessibility and broad utility to medical imaging,” mentioned Larry Robbins, Chairman of Longview. “We thank Butterfly and Jonathan for their self-assurance and trust in partnering with Longview as their accelerator, and we are psyched to lock arms with the healthcare local community to supply specialists and clients impressive and very affordable instruments to market wellness and healing.”
About Longview Acquisition Corp.
Longview was fashioned to associate with high-high-quality, growing corporations to aid their successful entry to the general public markets. Longview is sponsored by an affiliate of Glenview Cash Administration, a registered expense adviser with a keep track of history of making value through constructive partnerships with companies functioning in the public markets.
About Butterfly Network
Started by Dr. Jonathan Rothberg in 2011, Butterfly has made the world’s 1st handheld, single-probe entire-system ultrasound system, Butterfly iQ. Butterfly Network’s mission is to enable common entry to excellent health care imaging, producing superior-good quality ultrasound reasonably priced, uncomplicated-to-use, globally accessible, and intelligently related, together with for the 4.7 billion individuals all over the earth missing entry to ultrasound. As a result of its proprietary Ultrasound-On-Chip™ technological innovation, Butterfly Network is paving the way for earlier detection and distant administration of well being ailments all-around the globe. The Butterfly iQ can be acquired on-line right now by health care practitioners in the United States, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Eire, Italy, the Netherlands, New Zealand, Norway, Poland, Portugal, Spain, Sweden, Switzerland, and the United Kingdom.
Ahead-Wanting Statements
This press release consists of “ahead-seeking statements” in just the which means of the “protected harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Longview’s and Butterfly’s true effects could differ from their expectations, estimates and projections and as a result, you must not depend on these ahead-wanting statements as predictions of long run events. Text this sort of as “anticipate,” “estimate,” “undertaking,” “finances,” “forecast,” “foresee,” “intend,” “approach,” “could,” “will,” “could,” “should really,” “believes,” “predicts,” “prospective,” “proceed,” and very similar expressions (or the damaging variations of these terms or expressions) are intended to discover these ahead-on the lookout statements. These ahead-looking statements include things like, without having limitation, Longview’s and Butterfly’s expectations with regard to the predicted closing of the Small business Blend. These ahead-wanting statements entail substantial risks and uncertainties that could lead to the real effects to vary materially from the envisioned success. Most of these factors are outside the house Longview’s and Butterfly’s regulate and are hard to forecast. Variables that may well lead to this kind of distinctions consist of, but are not confined to: (1) the potential of Longview and Butterfly prior to the Small business Mix, and New Butterfly following the Enterprise Mixture, to meet up with the closing disorders in the Business Mixture Agreement (2) the prevalence of any event, improve or other conditions, together with the end result of any authorized proceedings that may be instituted towards Longview and Butterfly following the announcement of the Enterprise Blend Agreement and the transactions contemplated therein, that could give increase to the termination of the Small business Combination Arrangement or could in any other case cause the transactions contemplated therein to fall short to near (3) the incapability to get hold of or preserve the listing of the put together firm’s Course A common stock on the New York Inventory Trade, as relevant, adhering to the Business Mix (4) the threat that the Organization Combination disrupts present designs and functions as a final result of the announcement and consummation of the Business Mix (5) the incapacity to figure out the expected benefits of the Small business Combination, which may be impacted by, between other points, competition and the capacity of the put together corporation to grow and control development profitably and keep its critical employees (6) expenses relevant to the Small business Mixture (7) variations in applicable laws or regulations (8) the incapability of the merged business to raise financing in the future (9) the achievements, charge and timing of Butterfly’s and the put together firm’s products enhancement functions (10) the incapability of Butterfly or the combined corporation to get and keep regulatory approval for their solutions, and any relevant constraints and limitations of any approved product or service (11) the lack of ability of Butterfly or the mixed corporation to detect, in-license or obtain extra technology (12) the incapacity of Butterfly or the combined firm to sustain Butterfly’s present license, manufacturing, source and distribution agreements (13) the inability of Butterfly or the mixed business to contend with other companies at this time marketing and advertising or engaged in the development of merchandise and expert services that Butterfly is currently marketing or creating (14) the dimensions and progress potential of the marketplaces for Butterfly’s and the blended firm’s goods and expert services, and each of their capability to serve individuals marketplaces, possibly by itself or in partnership with some others (15) the pricing of Butterfly’s and the mixed company’s goods and products and services and reimbursement for clinical processes done employing Butterfly’s and the put together firm’s goods and services (16) Butterfly’s and the blended company’s estimates pertaining to bills, future income, funds needs and wants for supplemental financing (17) Butterfly’s and the mixed firm’s monetary effectiveness (18) the influence of COVID-19 on Butterfly’s business enterprise and/or the capacity of the parties to total the Business enterprise Blend and (19) other dangers and uncertainties indicated from time to time in the proxy statement/prospectus relating to the Company Mixture, together with those beneath “Threat Factors” in the Registration Statement on Type S-4, as amended, and in Longview’s other filings with the SEC.
Longview and Butterfly caution that the foregoing listing of variables is not distinctive. Longview and Butterfly caution visitors not to location undue reliance upon any ahead-looking statements, which communicate only as of the day designed. Longview and Butterfly do not undertake or accept any obligation or endeavor to launch publicly any updates or revisions to any ahead-looking statements to replicate any adjust in its expectations or any adjust in events, circumstances or circumstances on which any this sort of assertion is based.
Media Speak to:
Longview Acquisition Corp.
John Rodin
[email protected]
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