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Longview Acquisition Corp. Stockholders Approve Enterprise Mixture with Butterfly Community, Inc. | Information

NEW YORK, Feb. 12, 2021 /PRNewswire/ — Longview Acquisition Corp. (NYSE: LGVW.U, LGVW, LGVW WS) , a particular goal acquisition firm sponsored by an affiliate of Glenview Capital Administration, LLC, introduced right now that its stockholders voted to approve the proposed enterprise mixture with Butterfly Community, Inc. with almost 100% of the shares of Longview voted on the Particular Assembly in favor of the enterprise mixture proposal.  A complete of six proposals had been thought-about and accepted by stockholders on the Particular Assembly on February 12, 2021.  A Type 8-Okay disclosing the total voting outcomes shall be filed with the Securities and Trade Fee on February 16, 2021.

Moreover, the deadline for electing redemptions has handed and Longview can have roughly $589 million in money previous to the enterprise mixture, which incorporates $175 million to be obtained within the beforehand introduced personal placement, which is anticipated to shut concurrently with the enterprise mixture.

With this profitable stockholder vote the proposed enterprise mixture is anticipated to shut shortly.  Following the closing, the mixed firm shall be renamed Butterfly Community, Inc. and commerce on the New York Inventory Trade below the ticker image “BFLY”.

“We want to thank the shareholders of Longview for his or her partnership and confidence in us since our Might 20, 2020 IPO,” stated John Rodin, CEO of Longview.  “We’re proud to convey collectively monetary and human capital, business experience, connectivity and a rare development firm to considerably speed up medical innovation, increase the usual of care, cut back price and enhance wellness by way of Butterfly, the New Picture of Well being.”

“We’re grateful to Dr. Jonathan Rothberg and the group of sensible scientists who invested 9 years to create and excellent Ultrasound-on-a-Chip, bringing true mobility, accessibility and broad utility to medical imaging,” stated Larry Robbins, Chairman of Longview.  “We thank Butterfly and Jonathan for his or her confidence and belief in partnering with Longview as their accelerator, and we’re excited to lock arms with the medical group to ship professionals and sufferers highly effective and inexpensive instruments to advertise wellness and therapeutic.”

About Longview Acquisition Corp.

Longview was shaped to accomplice with high-quality, rising corporations to facilitate their profitable entry to the general public markets. Longview is sponsored by an affiliate of Glenview Capital Administration, a registered funding adviser with a observe report of making worth by way of constructive partnerships with corporations working within the public markets.

About Butterfly Community

Based by Dr. Jonathan Rothberg in 2011, Butterfly has created the world’s first handheld, single-probe whole-body ultrasound system, Butterfly iQ. Butterfly Community’s mission is to allow common entry to superior medical imaging, making high-quality ultrasound inexpensive, easy-to-use, globally accessible, and intelligently related, together with for the 4.7 billion folks world wide missing entry to ultrasound. Via its proprietary Ultrasound-On-Chip™ know-how, Butterfly Community is paving the way in which for earlier detection and distant administration of well being situations world wide. The Butterfly iQ could be bought on-line right now by healthcare practitioners in the US, 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-Trying Statements

This press launch contains “forward-looking statements” inside the that means of the “secure harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. Longview’s and Butterfly’s precise outcomes could differ from their expectations, estimates and projections and consequently, you shouldn’t depend on these forward-looking statements as predictions of future occasions. Phrases akin to “count on,” “estimate,” “mission,” “price range,” “forecast,” “anticipate,” “intend,” “plan,” “could,” “will,” “might,” “ought to,” “believes,” “predicts,” “potential,” “proceed,” and comparable expressions (or the unfavorable variations of such phrases or expressions) are meant to establish such forward-looking statements. These forward-looking statements embody, with out limitation, Longview’s and Butterfly’s expectations with respect to the anticipated closing of the Enterprise Mixture. These forward-looking statements contain important dangers and uncertainties that would trigger the precise outcomes to vary materially from the anticipated outcomes. Most of those elements are exterior Longview’s and Butterfly’s management and are tough to foretell. Elements that will trigger such variations embody, however aren’t restricted to: (1) the power of Longview and Butterfly previous to the Enterprise Mixture, and New Butterfly following the Enterprise Mixture, to fulfill the closing situations within the Enterprise Mixture Settlement; (2) the incidence of any occasion, change or different circumstances, together with the result of any authorized proceedings which may be instituted towards Longview and Butterfly following the announcement of the Enterprise Mixture Settlement and the transactions contemplated therein, that would give rise to the termination of the Enterprise Mixture Settlement or might in any other case trigger the transactions contemplated therein to fail to shut; (3) the shortcoming to acquire or preserve the itemizing of the mixed firm’s Class A typical inventory on the New York Inventory Trade, as relevant, following the Enterprise Mixture; (4) the chance that the Enterprise Mixture disrupts present plans and operations on account of the announcement and consummation of the Enterprise Mixture; (5) the shortcoming to acknowledge the anticipated advantages of the Enterprise Mixture, which can be affected by, amongst different issues, competitors and the power of the mixed firm to develop and handle development profitably and retain its key workers; (6) prices associated to the Enterprise Mixture; (7) adjustments in relevant legal guidelines or rules; (8) the shortcoming of the mixed firm to boost financing sooner or later; (9) the success, price and timing of Butterfly’s and the mixed firm’s product improvement actions; (10) the shortcoming of Butterfly or the mixed firm to acquire and preserve regulatory approval for his or her merchandise, and any associated restrictions and limitations of any accepted product; (11) the shortcoming of Butterfly or the mixed firm to establish, in-license or purchase further know-how; (12) the shortcoming of Butterfly or the mixed firm to take care of Butterfly’s current license, manufacturing, provide and distribution agreements; (13) the shortcoming of Butterfly or the mixed firm to compete with different corporations presently advertising or engaged within the improvement of services that Butterfly is presently advertising or creating; (14) the dimensions and development potential of the markets for Butterfly’s and the mixed firm’s services, and every of their potential to serve these markets, both alone or in partnership with others; (15) the pricing of Butterfly’s and the mixed firm’s services and reimbursement for medical procedures carried out utilizing Butterfly’s and the mixed firm’s services; (16) Butterfly’s and the mixed firm’s estimates relating to bills, future income, capital necessities and wishes for extra financing; (17) Butterfly’s and the mixed firm’s monetary efficiency; (18) the impression of COVID-19 on Butterfly’s enterprise and/or the power of the events to finish the Enterprise Mixture; and (19) different dangers and uncertainties indicated every now and then within the proxy assertion/prospectus regarding the Enterprise Mixture, together with these below “Danger Elements” within the Registration Assertion on Type S-4, as amended, and in Longview’s different filings with the SEC.

Longview and Butterfly warning that the foregoing listing of things just isn’t unique. Longview and Butterfly warning readers to not place undue reliance upon any forward-looking statements, which converse solely as of the date made. Longview and Butterfly don’t undertake or settle for any obligation or endeavor to launch publicly any updates or revisions to any forward-looking statements to replicate any change in its expectations or any change in occasions, situations or circumstances on which any such assertion is predicated.

Media Contact:

Longview Acquisition Corp.

John Rodin

information@longviewacquisition.com

 

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SOURCE Longview Acquisition Corp.

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