Owlet exchanges warrants for 5.43M new shares; stockholder approval required

Owlet, Inc.

Exchange of up to 9,014,758 warrant shares for 5,426,429 new common shares; stockholder approval required at 2025 annual meeting.
Holders include Eclipse (29% voting rights), Trilogy (6.7%), CEO Kurt Workman, and director John Kim.
Exchanged shares subject to 180-day lock-up; registration rights to be filed within 30 days of closing.
If closing not by November 5, 2025, either party may terminate the agreement.
Transaction approved by a special committee of disinterested and independent directors.

item 9.01item 1.01item 3.02

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