---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-004142"
form_type: "8-K"
ticker: "OWLT"
cik: "0001816708"
company_name: "Owlet, Inc."
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:14:17.561515+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Owlet raises $30M via Series A convertible preferred and warrants; appoints new director

## Summary
- $30M gross proceeds from private placement of Series A convertible preferred stock and warrants.
- Preferred shares convertible into ~61.2M common shares; warrants for 110.2M shares at $0.333.
- Eclipse Ventures affiliates purchased $20.2M; other existing investors including CEO Workman participated.
- Board expanded to seven; Eclipse designee Jayson Knafel appointed as Class II director.
- Proceeds for general corporate purposes and strategic initiatives; Cowen acted as placement agent.

## SEC filing metadata
- accession: 0001628280-23-004142
- form_type: 8-K
- ticker: OWLT
- cik: 0001816708
- company_name: Owlet, Inc.
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816708/000162828023004142/0001628280-23-004142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816708/000162828023004142/owlt-20230217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-004142
- JSON: https://secwatch.observer/filing/0001628280-23-004142.json
- Plain text: https://secwatch.observer/filing/0001628280-23-004142.txt

## Key facts
- Executive change
  Jayson Knafel was appointed as Director at Owlet, Inc..
  - Action: appointed
  - Role: Director
  source text: The Company appointed Jayson Knafel, an Eclipse designee, to serve as a member of the Board as a Class II Director, for a term expiring at the Company’s annual meeting of stockholders to be held in 2023 and until his respective successor has been elected and qualified or until his earlier death, resignation or removal, effective following the execution of the Stockholders Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816708/000162828023004142/0001628280-23-004142-index.htm
- Governance Changes
  Owlet, Inc.: Filed Certificate of Designation for Series A Preferred Stock (effective 2023-02-21).
  - Change: charter amendment
  - Effective: 2023-02-21
  source text: the Company filed the Certificate of Designation with the Secretary of State of the State of Delaware on the Closing Date setting forth the terms, rights, obligations and preferences of the Series A Preferred Stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816708/000162828023004142/0001628280-23-004142-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.