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I'm glad to help you with that! ICONS, with the stock ticker "RECD" (not "record-btn" as you mentioned), is a special purpose acquisition company (SPAC) that recently announced its intention to merge with Butterfly Network, a company focused on revolutionizing the healthcare industry through the use of handheld, point-of-care ultrasound technology.

Here are some key points about ICONS and its proposed merger with Butterfly Network:

1. SPACs are publicly traded companies that are formed solely to acquire or merge with other businesses. ICONS raised approximately $216 million in its initial public offering in September 2020.

2. Butterfly Network has developed a handheld ultrasound device called the Butterfly iQ, which is about the size of an mobile phone and connects to an app on a user's mobile device. The device uses artificial intelligence (AI) to help users capture high-quality ultrasound images, which can be transmitted to healthcare providers for diagnosis and monitoring.

3. The proposed merger values Butterfly Network at approximately $1.5 billion. Upon completion of the merger, the combined company will operate under the Butterfly Network name and will be listed on the New York Stock Exchange under the ticker symbol "BFLY."

4. According to a recent presentation from ICONS, Butterfly Network has seen strong demand for its product, particularly during the COVID-19 pandemic, as healthcare providers have sought out point-of-care diagnostic tools to reduce the risk of infection and preserve personal protective equipment (PPE).

5. Butterfly Network generated revenue of $16.4 million in 2020, up from $7.0 million in 2019. The company has also signed a number of strategic partnerships and collaborations with healthcare providers, pharmaceutical companies, and medical device manufacturers.

6. However, Butterfly Network remains unprofitable, with a net loss of $180.5 million in 2020. The company has also faced competition from established ultrasound manufacturers such as GE Healthcare and Philips.

Overall, the proposed merger between ICONS and Butterfly Network represents an opportunity for investors to gain exposure to a fast-growing segment of the healthcare industry. However, as with any investment, there are risks and uncertainties that investors should consider, including the company's profitability and competition in the ultrasound market.

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