Filing Details

Accession Number:
0001140361-21-010819
Form Type:
13D Filing
Publication Date:
2021-03-30 16:56:05
Filed By:
Longview Investors Llc
Company:
Butterfly Network Inc.
Filing Date:
2021-03-30
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
GLENVIEW CAPITAL MANAGEMENT 0 4,774,846 0 4,774,846 4,774,846 2.9%
LONGVIEW INVESTORS 0 17,128,333 0 17,128,333 17,128,333 9.97%
LARRY ROBBINS 0 21,903,179 0 21,903,179 21,903,179 12.76%
Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549



SCHEDULE 13D
(Rule 13d-101)

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*



BUTTERFLY NETWORK, INC.
(Name of Issuer)

Common Stock, par value $0.0001
(Title of Class of Securities)

124155102
(CUSIP Number)

Mark Horowitz
Co-President
Glenview Capital Management
767 Fifth Avenue, 44th Floor
New York, NY 10153
(212) 812-4700
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 27, 2021
(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 124155102
Page 2 of 5 Pages
1
NAMES OF REPORTING PERSONS
 
 
GLENVIEW CAPITAL MANAGEMENT, LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 

 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
4,774,846
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
4,774,846
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
4,774,846
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 

 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
2.9% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 

(1)
Represents the percentage ownership based on 164,862,472 shares of Common Stock of Butterfly Network, Inc. outstanding as of March 1, 2021 as reported in the Annual Report on Form 10-K filed on March 29, 2021.

CUSIP No. 124155102
Page 3 of 5 Pages
1
NAMES OF REPORTING PERSONS
 
 
LONGVIEW INVESTORS LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 

 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
17,128,333 (2)
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
17,128,333 (2)
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
17,128,333 (2)
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 

 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
9.97% (3)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 

(2)
Includes 6,853,333 shares of Common Stock issuable to Longview Investors LLC upon exercise of the Private Placement Warrants.
(3)
Based on a total of 171,715,805 shares of Common Stock outstanding, which is the sum of (i) 164,862,472 shares of Common Stock outstanding as of March 1, 2021 as reported in the Annual Report on Form 10-K filed on March 29, 2021 and (ii) 6,853,333 shares of Common Stock issuable to Longview Investors LLC upon exercise of the Private Placement Warrants.

CUSIP No. 124155102
Page 4 of 5 Pages
1
NAMES OF REPORTING PERSONS
 
 
LARRY ROBBINS
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
AF
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 

 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
UNITED STATES OF AMERICA
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
21,903,179 (2)
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
21,903,179 (2)
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
21,903,179 (2)
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 

 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
12.76% (3)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN, HC
 
 
 
 

(2)
Includes 6,853,333 shares of Common Stock issuable to Longview Investors LLC upon exercise of the Private Placement Warrants.
(3)
Based on a total of 171,715,805 shares of Common Stock outstanding, which is the sum of (i) 164,862,472 shares of Common Stock outstanding as of March 1, 2021 as reported in the Annual Report on Form 10-K filed on March 29, 2021 and (ii) 6,853,333 shares of Common Stock issuable to Longview Investors LLC upon exercise of the Private Placement Warrants.

CUSIP No. 124155102
Page 5 of 5 Pages

SCHEDULE 13D

Item 1.
Security and Issuer.

    Item 1 of the Original 13D is hereby amended and supplemented as follows.

    This Amendment No. 1 amends and supplements the information set forth in the Schedule 13D filed by the Reporting Persons with the U.S. Securities and Exchange Commission (the “SEC”) on February 17, 2021 (the “Original 13D”) relating to the common stock, par value $0.0001 per share (the “Common Stock”), of Butterfly Network, Inc. (the “Issuer”), the principal executive offices of which are located at 530 Old Whitfield Street, Guilford, CT 06437. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Original 13D.  Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Original 13D.

Item 4. Purpose of Transaction

Item 4 of the Original 13D is hereby amended and supplemented as follows:

Beginning May 26, 2021, each Private Placement Warrant becomes exercisable for one share of Common Stock at a price of $11.50 per share. Pursuant to Rule 13d-3(d)(1)(i) under the Act, this Amendment No. 1 is being filed to add the Private Placement Warrants to the reported beneficial ownership of the Sponsor and Mr. Robbins as of March 27, 2021.

Item 5.
Interest in Securities of the Issuer.

    Item 5 of the Original 13D is hereby amended and supplemented as follows:

(a, b) Items 7-11 of the cover pages of this Schedule 13D are incorporated herein by reference.

(c) Except as described in Item 4 of this Amendment No. 1, the Reporting Persons have not effected any transactions with respect to the Common Stock since the Original 13D was filed on February 17, 2021.

(d) None.

(e) Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 30, 2021

 
GLENVIEW CAPITAL MANAGEMENT, LLC
   
 
By:
/s/ Mark J. Horowitz
   
Mark J. Horowitz
   
Co-President of Glenview Capital Management, LLC

 
LONGVIEW INVESTORS LLC
   
 
By:
/s/ Mark J. Horowitz
   
Mark J. Horowitz, attorney-in-fact for Larry Robbins

 
LARRY ROBBINS
   
 
By:
/s/ Mark J. Horowitz
   
Mark J. Horowitz, attorney-in-fact for Larry Robbins