03:55 AM EST, 01/30/2025 (MT Newswires) -- Butterfly Network ( BFLY ) said late Wednesday it priced an underwritten public offering of 24 million shares at $3.15 per share for gross proceeds of about $75.6 million.

The company has also granted the underwriters a 30-day option to purchase up to an additional 3.6 million shares.

Butterfly plans to use the net proceeds from the offering to fund the development and commercialization of new and existing products and services, along with general corporate purposes.