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The 2020s are on course to become the decade of the special purpose acquisition companies (SPACs), also known as blank check or shell companies. SPACs are set to outpace IPOs once again in 2021, after a record year that saw SPACs mature from a once obscure method of going public to a rabid, flavor-of-the-month frenzy amidst both institutional and retail investors.
The year of COVID-19 saw 227 SPACs top traditional IPOs for the first time in history, raising $76 billion, compared to 67 billion raised from traditional IPOs. The first two months of 2021 have so far generated 144 SPACs, raising $44 billion. Digital Health has certainly ridden the recent SPAC wave, with yet a few more splashes yet to come.
Butterfly Network, a Global Leader in Democratizing Medical Imaging, Closes Business Combination and Will Begin Trading on the New York Stock Exchange Announces unaudited 2020 full-year revenue of at least $45 million, representing growth of at least 63%, each above prior forecast
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GUILFORD, Conn. and NEW YORK, Feb. 16, 2021 /PRNewswire/
Butterfly Network, Inc. ( Butterfly or the Company ) (NYSE: BFLY), an innovative digital health company that is working to democratize medical imaging and contribute to the aspiration of global health equity, today announced that it has completed its business combination with Longview Acquisition Corp. (NYSE: LGVW.U, LGVW, LGVW WS) ( Longview ), a special purpose acquisition company sponsored by an affiliate of Glenview Capital Management, LLC ( Glenview ). The business combination, which was approved by Longview s stockholders at its special meeting held on February 12, 2021, will fuel further adopti
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NEW YORK, Feb. 12, 2021 /PRNewswire/ Longview Acquisition Corp. (NYSE: LGVW.U, LGVW, LGVW WS) , a special purpose acquisition company sponsored by an affiliate of Glenview Capital Management, LLC, announced today that its stockholders voted to approve the proposed business combination with Butterfly Network, Inc. with nearly 100% of the shares of Longview voted at the Special Meeting in favor of the business combination proposal. A total of six proposals were considered and approved by stockholders at the Special Meeting on February 12, 2021. A Form 8-K disclosing the full voting results will be filed with the Securities and Exchange Commission on February 16, 2021.
(PRNewsfoto/Butterfly Network)
Butterfly Network, Inc. ( Butterfly ), an innovative digital health company that is working to enable universal access to superior medical imaging, has named Dr. Todd M. Fruchterman, M.D., Ph.D., as President and Chief Executive Officer, effective February 1
st, in advance of the closing of its announced business combination with Longview Acquisition Corp. ( Longview ,NYSE: LGVW, LGVW.U, LGVW WS). Dr. Fruchterman joins Butterfly after nearly ten years at 3M Company ( 3M ), where he most recently served as President and General Manager of 3M s Medical Solutions Division, managing a $4.8 billion global business with above-market growth. Previously, Dr. Fruchterman spent five years as EVP at Kinetic Concepts, Inc. ( KCI ), before which he served in key roles at Johnson & Johnson, Schering-Plough, and Response Genetics. At 3M and KCI, Dr. Fruchterman also served as both Chief Technology Officer and Chief Medical Officer. Most recently, he was
Altimar Acquisition Corp. (NYSE: ATAC)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
Altimar Acquisition Corp. (NYSE: ATAC) in connection with the company s proposed merger with privately-held Owl Rock Capital Group ( Owl Rock ) and Dyal Capital Partners ( Dyal Capital ). ATAC will combine with Owl Rock and Dyal Capital via a reverse merger to create a single publicly-traded company. If you own ATAC shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:
Longview Acquisition Corp. (NYSE: LGVW)