Summary by Moomoo AI
BlackRock, Inc., a major investment management corporation based in Delaware, has filed an amended Schedule 13G with the Securities and Exchange Commission on January 29, 2024, indicating a significant ownership stake in Butterfly Network, Inc. The filing reveals that BlackRock now beneficially owns 10,330,167 shares of Butterfly Network's common stock, which represents 5.7% of the company's class of securities. This stake gives BlackRock sole voting power over 10,136,271 shares and sole dispositive power over the entire 10,330,167 shares, with no shared voting or dispositive power reported. The filing, which is required due to the size of BlackRock's ownership position as of December 31, 2023, asserts that the shares were acquired in the ordinary course of business and not with the purpose of changing or influencing the control of Butterfly Network. The address of Butterfly Network's principal executive offices is listed as 1600 District Avenue, Burlington, MA 01803.