Butterfly Network (NYSE: BFLY) warrants to be delisted from NYSE

Rhea-AI Filing Summary

Butterfly Network, Inc. reports that the New York Stock Exchange will delist, and has immediately suspended trading in, its public warrants BFLY WS) because of “abnormally low selling price” levels under Section 802.01D of the NYSE Listed Company Manual as of January 13, 2026. Each warrant was issued in the February 16, 2021 business combination with Longview Acquisition Corp. and is exercisable for one share of Class A common stock at an exercise price of $11.50 per share until its expiration on February 12, 2026. The company states it does not believe the warrant delisting is related to its performance, and confirms that trading in its Class A common stock, which continues on the NYSE under ticker BFLY, is unaffected.

Insights

Equity capital markets analyst

NYSE is delisting Butterfly Network’s public warrants, while the common stock remains listed.

Butterfly Network discloses that the NYSE will commence proceedings to delist its public warrants and has already suspended their trading, citing “abnormally low selling price” levels under Section 802.01D. The warrants, trading as BFLY WS, are exercisable for Class A common stock at $11.50 per share and are scheduled to expire on February 12, 2026.

The company states it does not believe this delisting decision is related to its operating performance, and clarifies that its Class A common stock, ticker BFLY, continues to trade on the NYSE. This keeps the primary equity listing intact while affecting only the derivative security.

For warrant holders, the suspension and planned delisting change where and how the instruments may trade, while the exercise terms and stated expiration date of February 12, 2026 remain as described. Actual impact on holders depends on future trading and exercise decisions within the existing warrant terms.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 13, 2026

Butterfly Network, Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-39292			84-4618156
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer  Identification No.)

1600 District Avenue Burlington, MA			01803
(Address of principal executive offices)			(Zip Code)

Registrant’s telephone number, including area code: (781) 557-4800

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A common stock, par value $0.0001 per share

BFLY

The New York Stock Exchange

Warrants to purchase one share of Class A common stock, each at an exercise price of $11.50 per share

BFLY WS

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company         ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On January 13, 2026, the New York Stock Exchange (the “NYSE”) notified Butterfly Network, Inc. (the “Company”), and, on January 14, 2026, publicly announced, that the NYSE has determined to (a) commence proceedings to delist the Company’s public warrants, ticker symbol “BFLY WS” (the “Warrants”) and (b) immediately suspend trading in the Warrants due to “abnormally low selling price” levels pursuant to Section 802.01D of the NYSE Listed Company Manual. Each Warrant was issued in connection with the Company’s business combination with Longview Acquisition Corp. on February 16, 2021 and is presently exercisable for one share of the Company’s Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), at an exercise price per share of $11.50. The Warrants are set to expire on February 12, 2026.

The Company does not believe the warrant delisting is related to the Company’s performance. Further, trading in the Company’s Class A Common Stock will be unaffected and will continue on the NYSE under the ticker symbol “BFLY”.

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.
			By:			/s/ John Doherty
			Name:			John Doherty
			Title:			Chief Financial Officer
Date: January 14, 2026

FAQ

What did the NYSE decide regarding Butterfly Network (BFLY) warrants?

The New York Stock Exchange notified Butterfly Network, Inc. on January 13, 2026 that it will commence proceedings to delist the company’s public warrants and has immediately suspended trading in those warrants, which trade under the ticker BFLY WS, due to “abnormally low selling price” levels under Section 802.01D of the NYSE Listed Company Manual.

Which Butterfly Network securities are affected by the NYSE delisting action?

The action applies to Butterfly Network’s public warrants, listed under ticker BFLY WS. The company states that trading in its Class A common stock, which continues on the NYSE under ticker BFLY, will be unaffected by this warrant delisting process.

What are the key terms of Butterfly Network’s public warrants (BFLY WS)?

Each public warrant was issued in connection with Butterfly Network’s business combination with Longview Acquisition Corp. on February 16, 2021. Each warrant is presently exercisable for one share of Class A common stock, par value $0.0001 per share, at an exercise price of $11.50 per share, and is set to expire on February 12, 2026.

Does the NYSE warrant delisting affect Butterfly Network’s common stock (BFLY)?

Butterfly Network states that the delisting and suspension of trading apply only to its public warrants. The company indicates that its Class A common stock will continue to trade on the NYSE under the ticker symbol BFLY and that common stock trading is unaffected by this action.

How does Butterfly Network explain the NYSE decision on its warrants?

The company reports that the NYSE cited “abnormally low selling price” levels under Section 802.01D of the NYSE Listed Company Manual as the basis for commencing warrant delisting proceedings and suspending trading. Butterfly Network also states that it does not believe the warrant delisting is related to the company’s performance.

When do Butterfly Network’s public warrants expire?

Butterfly Network indicates that its public warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share, are set to expire on February 12, 2026.