Owlet announces $9 million private placement financing

Lehi, utah--(business wire)--owlet, inc. (nyse: owlt) (“owlet” or the “company”) announced today, following recent fda clearances and strong preliminary fourth quarter results, that it has entered into definitive documentation relating to a sale of shares of its newly issued series b convertible preferred stock (“series b 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.
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