Owlet announces $30 million private placement financing

Lehi, utah--(business wire)--owlet, inc. (nyse: owlt) (“owlet” or the “company”) today announced it has consummated a sale of its newly issued series a convertible preferred stock (“series a preferred stock”) and warrants to purchase its class a common stock (“common stock”) in a private placement with certain institutional and other accredited investors for gross proceeds to owlet of $30 million, before deducting offering expenses.
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