Butterfly SPAC Presentation Deck slide image

Butterfly SPAC Presentation Deck

Transaction Overview Butterfly Network is preparing to go public through a SPAC Merger with Longview Acquisition Corp. who may raise an additional $175 million PIPE to further support long-term growth Butterfly Network, Inc. ("Butterfly") is the inventor / pioneer in the emerging field of semiconductor-based point-of-care ultrasound ("POCUS") devices and related imaging and workflow software Founded in 2011 by visionary innovator Jonathan Rothberg (454 Life Sciences, lon Torrent, 4Catalyzer) Total investment of over $400 million with first product introduced in 2018, 700+ patents and 2020E revenue of $44 million, projected to grow to $138 million in 2022E Longview Acquisition Corp. ("Longview") is a Special Purpose Acquisition Corporation ("SPAC") brought public as an affiliate of Glenview Capital Management Initially capitalized with $414 million in cash in May 2020 trading under the ticker LGVW/U Glenview Capital was founded in 2000 by Larry Robbins and is currently in its 20th year of active public markets investing with a focus on the healthcare market Butterfly and Longview signed a Letter of Intent on October 11, 2020 and seek to enter into a definitive merger agreement in November 2020 In conjunction with the closing, Longview may raise an additional $175 million of capital through a Private Investment in Public Equity ("PIPE") structure on equivalent terms as Longview's initial investors ($10 per Longview share) The parties seek to close the merger by 1Q 2021 7
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