Owlet amends credit facility; eases financial covenants and expands borrowing base

Owlet, Inc.

Minimum TTM EBITDA relaxed: $(3.9M) at Dec 2024, $(4.8M) at Mar 2025, rising to $6.5M by Dec 2026.
Capital expenditure limits increased to $500k (FY2024), $1.5M (FY2025), $2.0M (FY2026) with 50% carryforward.
Eligible accounts expanded: certain non-US account debtors now eligible up to $3M aggregate and $3M per debtor limit.
Amendment effective retroactively to December 31, 2024; loan parties released all claims against lenders.

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