Welcome to our dedicated page for LGVW news (Ticker: LGVW), a resource for investors and traders seeking the latest updates and insights on LGVW stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect LGVW's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of LGVW's position in the market.
Butterfly Network, Inc. (NYSE: BFLY) announced the completion of its business combination with Longview Acquisition Corp. (NYSE: LGVW, LGVW.U), approved by stockholders on February 12, 2021. This transaction, which closed on February 16, 2021, provided the company with approximately $589 million in cash, enhancing its efforts to democratize medical imaging. Butterfly's innovative ultrasound technology aims to improve healthcare delivery and expand market applications, notably in chronic disease management affecting over 100 million patients in the U.S. The company reported 2020 revenues of at least $45 million, a 63% growth over 2019.
Longview Acquisition Corp. (NYSE: LGVW, LGVW.U) announced stockholder approval for its business combination with Butterfly Network, Inc., achieving nearly 100% support at the Special Meeting held on February 12, 2021. With a total cash reserve of approximately $589 million, including $175 million from a private placement, the merger is expected to close shortly. Post-merger, the combined entity will be named Butterfly Network, Inc. and will trade under 'BFLY.' The deal aims to enhance medical innovation and accessibility to ultrasound technology globally.
Butterfly Network has appointed Dr. Todd M. Fruchterman as President and CEO effective February 1, 2021, prior to its merger with Longview Acquisition Corp (NYSE: LGVW, LGVW.U). Fruchterman brings extensive experience from his tenure at 3M, where he managed a $4.8 billion business. The merger aims to enhance medical imaging accessibility through Butterfly's Ultrasound-on-Chip technology. A Special Meeting for Longview's stockholders is scheduled for February 12, 2021, to approve the merger, with trading expected to start under ticker 'BFLY' on February 16, 2021.
Butterfly Network, an innovative digital health company, is set to present at the 39th Annual J.P. Morgan Healthcare Conference on January 12, 2021, at 9:30 AM ET. The company will discuss its plans to enhance access to ultrasound technology. Butterfly Network will be listed on the NYSE under the ticker BFLY following a merger with Longview Acquisition Corp (NYSE: LGVW). The leadership team, including CEO Laurent Faracci and CMO Dr. John Martin, aims to democratize medical imaging globally, particularly for the 4.7 billion people currently lacking ultrasound access.
