---
schema_version: "secwatch.filing_event.v1"
accession: "0001804176-25-000015"
form_type: "8-K"
ticker: "BFLY"
cik: "0001804176"
company_name: "Butterfly Network, Inc."
filed_at: "2025-11-18T23:59:59+00:00"
generated_at: "2026-05-16T18:51:35.668435+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Butterfly Network enters licensing deal with Midjourney for ultrasound-on-chip tech; $15M upfront + $10M annual fees

## Summary
- Exclusive license to Midjourney for Butterfly's semiconductor-based ultrasound technology in a specified field of use.
- One-time fee of $15M and annual license fee of $10M payable quarterly over the five-year term.
- Up to $9M in milestone payments plus revenue sharing and chip purchase payments.
- Five-year term subject to earlier termination for breach or insolvency.

## SEC filing metadata
- accession: 0001804176-25-000015
- form_type: 8-K
- ticker: BFLY
- cik: 0001804176
- company_name: Butterfly Network, Inc.
- filed_at: 2025-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804176/000180417625000015/0001804176-25-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804176/000180417625000015/bfly-20251117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001804176-25-000015
- JSON: https://secwatch.observer/filing/0001804176-25-000015.json
- Plain text: https://secwatch.observer/filing/0001804176-25-000015.txt

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