Mintz, Ropes Guide SPAC Deal Forming $1.5B Ultrasound Co.

Law360 (November 20, 2020, 10:41 AM EST) -- Ultrasound technology developer Butterfly Network Inc. has agreed to merge with a private equity-backed blank check company to form a single business with an enterprise value of about $1.5 billion, the companies said Friday, in a deal guided by Mintz and Ropes & Gray.

The deal features Butterfly merging into Longview Acquisition Corp., which is a special purpose acquisition company, or SPAC, sponsored by investment shop Glenview Capital Management LLC, according to a statement. The resulting entity will trade on the New York Stock Exchange under the ticker symbol "BFLY."

Formed in 2011 and based in Connecticut, Butterfly created the first...

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