Business Context and Reporting Period
Company: Butterfly Network, Inc.
Filing Type: Form 8-K (Current Report)
Report Date: January 13, 2026
Event: Notice of delisting and suspension of trading for public warrants (Ticker: BFLY WS) by the New York Stock Exchange (NYSE).
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the regulatory status of the Company's warrants.
Material Changes
- Warrant Delisting: The NYSE determined to commence proceedings to delist the Company's public warrants due to "abnormally low selling price" levels pursuant to Section 802.01D of the NYSE Listed Company Manual.
- Trading Suspension: Trading in the warrants was immediately suspended on January 14, 2026.
- Common Stock Status: Trading in the Company's Class A Common Stock (Ticker: BFLY) remains unaffected and continues on the NYSE.
Outlook, Commentary, and Risks
- Management Commentary: The Company states it does not believe the warrant delisting is related to the Company's operational performance.
- Warrant Details: The warrants were issued in connection with the business combination with Longview Acquisition Corp. on February 16, 2021. They are exercisable for one share of Class A common stock at an exercise price of $11.50 per share.
- Expiration: The warrants are set to expire on February 12, 2026.
- Risks: The primary risk identified is the loss of a public trading market for the warrants due to price levels failing to meet continued listing standards.
Investor Verification Checklist
- Verify the current market price of the Class A Common Stock (BFLY) to assess the intrinsic value of the warrants relative to the $11.50 exercise price.
- Confirm the exact expiration date of the warrants (February 12, 2026) to evaluate the remaining time value.
- Review the NYSE Listed Company Manual Section 802.01D to understand the specific price thresholds for delisting.
- Monitor subsequent filings for updates on the delisting proceedings or potential transfer to an alternative trading venue.