secwatch.observer — SEC 8-K summary
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Issuer:     Owlet, Inc. (OWLT)
CIK:        0001816708
Form:       8-K
Filed at:   2023-04-10T23:59:59+00:00
Accession:  0001628280-23-011179
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Owlet receives NYSE delisting notice for low market cap and equity
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816708/000162828023011179/0001628280-23-011179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816708/000162828023011179/owlt-20230404.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-011179

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer