Owlet, Inc. (OWLT) Announces $30 Million Private Placement Financing
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Owlet Announces $30 Million Private Placement Financing
February 17, 2023 4:05 PM ESTLEHI, Utah--(BUSINESS WIRE)-- Owlet, Inc. (NYSE: OWLT) (Owlet or the Company) today announced it has consummated a sale of its newly issued Series A convertible preferred stock (Series A 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 $30 million, before deducting offering expenses. The transaction closed on February 17, 2023 and involved participation from new and existing investors.
Pursuant to the terms of the definitive agreements and the closing of the private placement, Owlet has... More
