2 months ago
Owlet Baby Care is bringing a data-driven connectivity platform to the nursery while simplifying life for parents
Combined company to have an implied initial enterprise value of approximately $1,074 million, with the company expected to have up to an estimated $325 million in cash after closing
Top-tier investors, including Fidelity Management & Research LLC, Janus Henderson Investors, Neuberger Berman Funds, OrbiMed, private funds affiliated with PIMCO, and Wasatch Global Investors, anchor fully committed PIPE of $130 million, which combines with $230 million of cash held in SPAC trust account to bring post-transaction equity value of the combined company to $1,389 million
Transaction enables deeper investment in expanding connected ecosystem and pursuing telehealth platform