On December 20, 2023, Gianluca Pettiti, a member of the Board of Directors (the ?Board?) of Butterfly Network, Inc. (the ?Company?), notified the Company of his resignation from the Board, including the Audit Committee of the Board (the ?Audit Committee?), on which he serves as a member, and the Compensation Committee of the Board (the ?Compensation Committee?), on which he serves as the Chair, effective as of the date the Board appoints his replacements on the Audit Committee and Compensation Committee. Mr. Pettiti?s resignation from the Board was to pursue other external opportunities and is not due to any disagreement with the Company?s operations, policies, or practices. On December 21, 2023, effective upon the resignation of Mr. Pettiti, the Board appointed Dawn Carfora as a member of the Audit Committee and as the Chair of the Compensation Committee, to fill the newly-created vacancies resulting from Mr. Pettiti?s resignation, until their respective successors are elected and qualified, or until their earlier death, resignation, or removal, or until otherwise determined by the Board.
On December 21, 2023, the Board also appointed Dr. Erica Shwartz, M.D., J.D., M.P.H. as Chair of the Nominating and Governance Committee and Jonathan Rothberg, Ph.D. has stepped down from his role as Chair of the committee. Dr. Rothberg will continue to serve as a member.
Butterfly Network, Inc. is a digital health company. The Company is focused on transforming care through a combination of portable, semiconductor-based ultrasound technology, intuitive software, services, and educational offerings. It has two portable ultrasound devices on the market: second-generation Butterfly iQ+ and third-generation Butterfly iQ3. Butterfly iQ+/iQ3 are both powered by its Ultrasound-on-Chip technology, allowing them to power whole-body imaging on a single handheld probe using digital semiconductor technology. It offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials, formal education programs through its Butterfly Academy software and Butterfly Certified courses, as well as professional services for large scale deployments. Within the Butterfly application, users can utilize up to six imaging modes, including B-Mode, Color Doppler, M-Mode, Power Doppler, Pulsed-Wave Doppler, and Biplane Imaging.