secwatch.observer — SEC 8-K summary
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Issuer:     Owlet, Inc. (OWLT)
CIK:        0001816708
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001628280-24-008342
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Owlet raises $9.25M via Series B Convertible Preferred and warrants
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- Sold 9,250 Series B Convertible Preferred shares and warrants for 1,799,021 Class A common shares, aggregate $9.25M.
- Closing on Feb 29, 2024, per Investment Agreement dated Feb 25, 2024.
- Certificate of Designation filed with Delaware sets conversion, liquidation, and voting terms for Series B Preferred.
- Private placement modifies existing security holders' rights due to new series preferences.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816708/000162828024008342/0001628280-24-008342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816708/000162828024008342/owlt-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-008342

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