Owlet, Inc. (OWLT): Nasdaq/NYSE listing notice — Owlet receives NYSE delisting notice for low market cap and equity

Owlet, Inc.

NYSE notified Owlet on April 4, 2023, that its average market cap and stockholders' equity were both below $50 million (Section 802.01B).
Company plans to submit a cure business plan within 45 days; NYSE has 18-month cure period to review compliance.
No immediate impact on stock listing; if plan accepted, trading continues under NYSE monitoring.
Owlet also faces a prior NYSE deficiency (November 2022) for share price below $1.00; still in six-month cure period.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Owlet, Inc. received a nyse deficiency notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: deficiency notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

April 4, 2023, Owlet, Inc. (the “Company”) received written notice (the “NYSE Notification”) from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with Section 802.01B of the NYSE Listed Company Manual because the average global market capitalization of the Company over a consecutive 30 trading-day period and, at the same time, the Company’s last reported stockholders’ equity were each less than $50 million. The Company plans to notify the NYSE that it intends to submit a plan to cure the deficiency and to return to compliance with the NYSE continued listing stand

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Owlet, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-011179

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