other material
confidence high
sentiment neutral
materiality 0.70
Owlet raises ~$11.6M via 3.14M share offering at $3.70; issues underwriter warrant
Owlet, Inc.
- Gross proceeds ~$11.6M from sale of 3,135,136 shares of Class A common at $3.70 per share.
- Concurrent private placement: warrant to purchase up to 125,405 shares at $4.63, exercisable from March 13, 2025, for 5 years.
- Underwriting agreement with Titan Partners Group LLC; closing on September 13, 2024.
- Lock-up: directors/officers/stockholders for 90 days; warrant holder lock-up for 180 days.
- Shares issued under effective S-3 registration statement (333-281556); final prospectus filed Sep 12.