{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-040154","form_type":"8-K","ticker":"OWLT","cik":"0001816708","company_name":"Owlet, Inc.","filed_at":"2024-09-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.636431+00:00","generated_at":"2026-05-31T05:28:44.377304+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Owlet refinances SVB debt, enters new $15M ABL revolver and $15M WTI loan facility","bullets":["Enters $15M asset-based revolving credit facility (increases to $20M after 1 yr); SOFR +7.5%-8.5%, matures Sept 2027.","Enters $15M WTI term loan facility: $10M first tranche, $5M second tranche conditional on revenue/burn metrics; Prime+3.5% (floor 12%) plus 2.5% PIK.","Issues 750,000 shares of common stock to WTI as partial consideration; put option at $8.40/share after 5 years.","Uses existing cash to repay and extinguish all outstanding SVB line of credit and term loan borrowings.","Initiates $7.5M draw under WTI facility, subject to funding conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-040154","json":"https://secwatch.observer/filing/0001628280-24-040154.json","markdown":"https://secwatch.observer/filing/0001628280-24-040154.md","text":"https://secwatch.observer/filing/0001628280-24-040154.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1816708/000162828024040154/0001628280-24-040154-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1816708/000162828024040154/owlt-20240911.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T05:28:44.377304+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}