Owlet Announces Closing of Public Offering and Comprehensive Debt Refinancing for Total Gross Proceeds of up to $46.6 Million
Owlet, Inc. Class A (OWLT)
Company Research
Source: Business Wire
The Company closed on $11.6 million in proceeds from the underwritten public offering and up to $35 million in proceeds from the debt refinancing. LEHI, Utah--(BUSINESS WIRE)--Owlet, Inc. (“Owlet” or the “Company”) (NYSE:OWLT), the pioneer of smart infant monitoring, today announced the closing of its underwritten public offering of 3,135,136 shares of the Company’s Class A common stock (the “Offering”). The shares of Class A common stock were sold at a public offering price of $3.70 per share, before underwriting discounts and commissions. All of the shares in the Offering were sold by the Company. The gross proceeds to Owlet from the Offering were approximately $11.6 million, before deducting underwriting discounts and commissions and other offering expenses.Owlet intends to use the net proceeds from the Offering for general corporate purposes, capital expenditures, working capital and general and administrative expenses.Owlet previously announced its entrance into a term loan ag
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OWLT
News
- OWLET INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Owlet, Inc. - OWLTPR Newswire
- Owlet to Report Third Quarter 2024 Financial Results on November 13, 2024Business Wire
- OWLET INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Owlet, Inc. - OWLTBusiness Wire
- Owlet Regains Compliance With NYSE Continued Listing Standards [Yahoo! Finance]Yahoo! Finance
- Owlet Regains Compliance With NYSE Continued Listing StandardsBusiness Wire
OWLT
Earnings
- 8/12/24 - Miss
OWLT
Sec Filings
- 10/24/24 - Form SC
- 9/27/24 - Form 4
- 9/27/24 - Form 4
- OWLT's page on the SEC website