
Shares of medical imaging device maker Butterfly Network BFLY.N down 10% premarket to $3.16 after overnight follow-on priced
Burlington, Massachusetts-based firm late Weds sold 24 mln shares at $3.15 for nearly $76 mln gross proceeds
Offering price represents 10.3% discount to stock's last sale
Co intends to use net offering proceeds to fund development and commercialization of new and existing products and services, and general corp purposes
With ~213 mln shares outstanding, co has ~$748 mln market cap. It has ~156 mln shares of public float, per LSEG
TD Cowen, William Blair and Lake Street Capital Markets are bookrunners for offering
Through Weds, shares up 12.5% YTD and have more than tripled over the past six months