Butterfly Network Announces Pricing of $75.6 million Public Offering of Common Stock
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Butterfly Network, Inc. has announced a public offering of 24 million shares of its Class A common stock at $3.15 per share, aiming to raise $75.6 million in gross proceeds.
January 30, 2025 | 2:30 am
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Butterfly Network is conducting a public offering of 24 million shares at $3.15 each, expected to raise $75.6 million. This move could lead to stock price fluctuations due to increased share supply.
The public offering increases the number of shares available in the market, which can lead to a decrease in stock price due to dilution. The offering price of $3.15 per share may also influence the market's perception of the stock's value.
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