News Highlights: Shareholders Longview Acquisition Corp. approve business combination with Butterfly Network, Inc. good
NEW YORK, Feb. 12, 2021 / PRNewswire / – Longview Acquisition Corp. (NYSE: LGVW.U, LGVW, LGVW WS), a special purpose acquisition company sponsored by a subsidiary of Glenview Capital Management, LLC, announced today that its shareholders have 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 proposal for a business combination. A total of six proposals were considered and approved by shareholders at the special meeting on February 12, 2021. A Form 8-K containing the full voting results will be filed with the Securities and Exchange Commission on February 16, 2021.
In addition, the deadline for choosing redemptions has passed and Longview will have approximately $ 589 million in cash prior to the business combination, including $ 175 million to be received in the previously announced private placement, which is expected to close simultaneously with the business combination.
With this successful shareholder vote, the proposed business combination is expected to be completed shortly. Upon closure, the combined company will be renamed Butterfly Network, Inc. and …
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