Butterfly reports preliminary cash ~$92.8M; launches public stock offering

Butterfly Network, Inc.

Preliminary cash, cash equivalents, and restricted cash of ~$92.8M at Dec 31, 2024 (unaudited, subject to change).
Commenced underwritten public offering of Class A common stock; TD Cowen, William Blair, Lake Street Capital Markets as bookrunners.
Intends to grant underwriters 30-day option to purchase up to 15% additional shares of common stock.
Net proceeds to fund product development, commercialization, and general corporate purposes.

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