---
schema_version: "secwatch.filing_event.v1"
accession: "0001816708-26-000069"
form_type: "8-K"
ticker: "OWLT"
cik: "0001816708"
company_name: "Owlet, Inc."
filed_at: "2026-07-01T11:12:38+00:00"
generated_at: "2026-07-01T11:15:04.625274+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Owlet secures $25M Wells Fargo credit facility, cuts borrowing cost by at least 525 bps

## Summary
- New $25M asset-based revolving credit facility with Wells Fargo, maturing June 2029.
- Interest rate margin reduced to SOFR+2.00-2.25% from prior SOFR+7.50-8.50%.
- Total liquidity of ~$33.8M as of June 26, 2026, including cash and undrawn capacity.
- Facility can be increased to $35M subject to lender approval; refinances existing ABL and term loans.
- Covenants include minimum $7.5M liquidity and specified EBITDA thresholds.

## SEC filing metadata
- accession: 0001816708-26-000069
- form_type: 8-K
- ticker: OWLT
- cik: 0001816708
- company_name: Owlet, Inc.
- filed_at: 2026-07-01T11:12:38+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816708/000181670826000069/0001816708-26-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816708/000181670826000069/owlt-20260626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001816708-26-000069
- JSON: https://secwatch.observer/filing/0001816708-26-000069.json
- Plain text: https://secwatch.observer/filing/0001816708-26-000069.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.