Longview II (LGV) and HeartFlow Mutually Terminate Deal
by Marlena Haddad on 2022-02-04 at 5:50pm

Longview Acquisition Corp. II (NYSE:LGV) and medtech firm HeartFlow announced this afternoon that they have opted to mutually terminate their business combination agreement.

On November 15, 2021, Longview requested that HeartFlow management undertake a thorough financial analysis of its projections. Following the conclusion of the analysis, and extensive mutual efforts to negotiate an appropriate valuation adjustment, both parties agreed to terminate the deal. The deal was originally struck with a minimum cash condition of $345 million, but did not include a PIPE.

The SPAC also stated that it intends to continue to pursue a target for a business combination. Longview II has a little over one year left on its SPAC clock with a completion deadline of March 23, 2023, a significant amount of time to find another target.

Longview II and HeartFlow originally announced their intended $2.4 billion combination on July 15, 2021, a little over six months ago. Redwood City, California-based HeartFlow provides tools for visualizing blood circulation around the heart, giving physicians insights into further treatment options.

Longview II is led by CEO John Rodin, Chairman Larry Robbins, and CFO Mark Horowitz.

 

 

Longview II (LGV) and HeartFlow Mutually Terminate Deal
Recent Posts
by Nicholas Alan Clayton on 2025-07-11 at 8:24am

At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...

by Kristi Marvin on 2025-07-10 at 8:31am

A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...

by Nicholas Alan Clayton on 2025-07-10 at 8:27am

At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...

by Nicholas Alan Clayton on 2025-07-09 at 12:57pm

Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....

by Nicholas Alan Clayton on 2025-07-09 at 8:22am

At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved