---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-002061"
form_type: "8-K"
ticker: "BFLY"
cik: "0001804176"
company_name: "Butterfly Network, Inc."
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T00:53:41.216066+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Butterfly Network files petition to validate charter amendment after Boxed ruling

## Summary
- Filed petition in Delaware Court of Chancery under Section 205 to resolve uncertainty over authorized share capital increase from 200M to 600M shares.
- Charter amendment was approved by 27,759,911 shares at Feb. 12, 2021 special meeting, but Boxed ruling questions separate class vote requirement.
- Hearing set for March 14, 2023; if unsuccessful, uncertainty could materially impact the company's capitalization and NYSE listing.
- Company has 175.7M Class A shares outstanding as of Feb. 1, 2023, below 200M, but potential exercise of warrants/options would exceed original limit.

## SEC filing metadata
- accession: 0001558370-23-002061
- form_type: 8-K
- ticker: BFLY
- cik: 0001804176
- company_name: Butterfly Network, Inc.
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804176/000155837023002061/0001558370-23-002061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804176/000155837023002061/bfly-20230221x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-002061
- JSON: https://secwatch.observer/filing/0001558370-23-002061.json
- Plain text: https://secwatch.observer/filing/0001558370-23-002061.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.