Longview Acquisition II Files Prelim Proxy on $2.4B HeartFlow Deal

Longview Acquisition Corp. II

Longview Acquisition II filed an S-4 with SEC outlining terms of its proposed merger with HeartFlow, a healthcare company.

The combined company would have a pro forma valuation of $2.4 billion, the SPAC said.

If approved, HeartFlow would list on the NYSE under HFLO.

Announced in May, the transaction is expected to deliver up to $599 million of gross proceeds to HeartFlow from the $690 million cash in trust held by Longview. Any excess cash in trust will be distributed by Longview to its shareholders through a special dividend of up to $91 million immediately prior to closing. Pro forma for the business combination, legacy shareholders of HeartFlow and its employees will own approximately 73% of the new company.

HeartFlow technology uses artificial intelligence to create a personalized, three-dimensional model of the heart. By using this model, clinicians can better evaluate the impact a blockage has on blood flow and determine the best treatment for patients. Read more

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