Owlet Announces $9 Million Private Placement Financing [Yahoo! Finance]
Owlet, Inc. Class A (OWLT)
Company Research
Source: Yahoo! Finance
and strong preliminary fourth quarter results, that it has entered into definitive documentation relating to a sale of shares of its newly issued Series B convertible preferred stock ("Series B preferred stock") and warrants to purchase its Class A common stock ("common stock") in a private placement with certain institutional and other accredited investors for gross proceeds to Owlet of approximately $9 million, before deducting offering expenses. The conversion ratio for the Series B preferred stock and exercise price for the warrants reflects a 25% premium to the most recent market closing price on February 23, 2024. The transaction, which involves participation from existing investors, is expected to close on February 28, 2024, subject to customary closing conditions. Pursuant to the terms of the definitive agreements and the closing of the private placement, Owlet will issue shares of Series B preferred stock that are convertible into approximately 1.2 million shares of common
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News
- Owlet Forges Groundbreaking Partnership with Wheel to Launch Virtual TeleHealth Services Platform [Yahoo! Finance]Yahoo! Finance
- Wheel to Power Owlet's New Virtual Health and Prescription ServicePR Newswire
- Owlet Forges Groundbreaking Partnership with Wheel to Launch Virtual TeleHealth Services PlatformBusiness Wire
- When Can We Expect A Profit From Owlet, Inc. (NYSE:OWLT)? [Yahoo! Finance]Yahoo! Finance
- Owlet Announces Fourth Quarter and Fiscal Year 2023 Results [Yahoo! Finance]Yahoo! Finance
OWLT
Earnings
- 3/7/24 - Miss
OWLT
Sec Filings
- 3/20/24 - Form 4
- 3/20/24 - Form 4
- 3/15/24 - Form 4
- OWLT's page on the SEC website