Butterfly Network Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits
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Item 2.02 Results of Operations and Financial Condition.
On January 29, 2025, in connection with the commencement of the offering discussed below in Item 8.01, Butterfly Network, Inc. (the “Company”) announced that it expects to report cash, cash equivalents, and restricted cash of approximately $92.8 million at December 31, 2024.
The Company has not yet completed its fiscal year-end financial close process for the quarter ended December 31, 2024. This estimate of the Company’s cash and cash equivalents at December 31, 2024 is preliminary, based on currently available information, has not been audited and is subject to change upon completion of the Company’s financial statement closing procedures. Additional information and disclosure would be required for a more complete understanding of the Company’s financial position and results of operations as of December 31, 2024. The preliminary financial data included in this release has been prepared by, and is the responsibility of, the Company’s management. Deloitte & Touche LLP has not audited, reviewed, examined, compiled, nor applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, Deloitte & Touche LLP does not express an opinion or any other form of assurance with respect thereto. The information presented herein should not be considered a substitute for the financial information the Company will file with the U.S. Securities and Exchange Commission in its annual report on Form 10-K for the fiscal year ended December 31, 2024.
Item 8.01 Other Events.
On January 29, 2025, the Company issued a press release announcing, subject to market and other customary conditions, the commencement of an underwritten public offering of Class A common stock. A copy of the press release is filed herewith as Exhibit 99.1. A copy of an amendment to the Company’s lease for its executive offices in Burlington, Massachusetts is also filed herewith as Exhibit 99.2.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number |
Exhibit Description | |
| 99.1 | Press Release entitled “Butterfly Network Announces Proposed Public Offering of Common Stock” dated January 29, 2025 | |
| 99.2 | First Amendment to Lease, dated as of May 2022, by and between Neep Investors Holdings LLC and the Company. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BUTTERFLY NETWORK, INC. | ||
| Date: January 29, 2025 | ||
| By: | /s/ Heather C. Getz, CPA | |
| Name: | Heather C. Getz, CPA | |
| Title: | Executive Vice President and Chief Financial & Operations Officer | |