{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-22-031105","form_type":"8-K","ticker":"OWLT","cik":"0001816708","company_name":"Owlet, Inc.","filed_at":"2022-11-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.281566+00:00","generated_at":"2026-06-21T11:46:50.924631+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Owlet enters $17.5M credit facility with SVB; $8.5M term loan to refinance prior debt","bullets":["$17.5M revolving line of credit, up to $10M available initially; matures April 22, 2024.","$8.5M term loan to repay existing growth capital loans; amortizes $500k/month; matures April 1, 2024.","Interest on revolving line: greater of 5.00% or prime rate; term loan: greater of 5.75% or prime rate.","Liquidity covenant: maintain >$15M through Dec 2022, then >$25M after Jan 2023; quarterly minimum net revenue tests.","Secured by substantially all assets; fees include $50k commitment fee, $450k final payment, prepayment penalties."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-22-031105","json":"https://secwatch.observer/filing/0001628280-22-031105.json","markdown":"https://secwatch.observer/filing/0001628280-22-031105.md","text":"https://secwatch.observer/filing/0001628280-22-031105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1816708/000162828022031105/0001628280-22-031105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1816708/000162828022031105/owlt-20221130.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T11:46:50.924631+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"847edd2150cf8cd4a0baac389a464e251117bddd","claim":"Owlet, Inc. amended Third Amended and Restated Loan and Security Agreement with Silicon Valley Bank valued at $17.5 million revolving line of credit (effective 2022-11-23).","evidence_excerpt":"On November 23, 2022 (the “Closing Date”), Owlet, Inc., a Delaware corporation (the “Company”) and Owlet Baby Care, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company (“OBCI” and together with the Company, “Borrower”), entered into the Third Amended and Restated Loan and Security Agreement (the “LSA”) with Silicon Valley Bank, a California corporation (“Bank”), as the lender.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1816708/000162828022031105/0001628280-22-031105-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Silicon Valley Bank"},{"label":"Value","value":"$17.5 million revolving line of credit"},{"label":"Effective","value":"2022-11-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}