24/7 Market News Snapshot 30 January, 2025 – Butterfly Network, Inc. (NYSE:BFLY)

January 30, 2025

DENVER, Colo., 30 January, 2025 (247marketnews.com) – (NYSE:BFLY) are discussed in this article.
Butterfly Network, Inc. (BFLY) has experienced a notable increase in its stock performance, opening at $3.40 and rising to approximately $4.145, marking an impressive gain of around 18.09%. This surge follows the previous session’s closing price of $3.51, indicating a significant upswing in trading activity with a current volume of 6.68 million shares. The rise in stock price is likely a reflection of robust investor interest, possibly influenced by positive developments in the healthcare technology sector.

In conjunction with its stock market momentum, Butterfly Network has announced a public offering of 24,000,000 shares of its Class A common stock, priced at $3.15 per share. This offering is expected to raise about $75.6 million in gross proceeds, which will be beneficial for advancing the company’s innovative portable ultrasound technology. The funds raised will support the development and commercialization of next-generation products while facilitating general corporate objectives.

Led by significant interest from top investment firms, including TD Cowen, William Blair, and Lake Street Capital Markets as bookrunners, the offering is set to close on January 31, 2025, pending customary conditions. This financing opportunity highlights Butterfly’s dedication to enhancing healthcare delivery through its groundbreaking Ultrasound-on-Chip™ technology, which aims to democratize access to medical imaging.

Recognized for its innovative advancements, Butterfly Network has received numerous accolades, including the Best Medical Technology award for its iQ3 system at the 2024 Prix Galien USA Awards. These developments solidify Butterfly’s role as a frontrunner in the digital health landscape, as it continues to push the boundaries of accessible healthcare through intelligent imaging solutions and software. The public offering is conducted under a shelf registration statement filed with the SEC, with further details available on the SEC’s website.

Related news for (BFLY)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.