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Lehi based Owlet closes business combination with SPAC to begin trading on the NYSE


PRESS RELEASE: LEHI, Utah–(BUSINESS WIRE)–Owlet, Inc. (NYSE: OWLT) (“Owlet” or the “Company”), a company building a connected and accessible nursery ecosystem that brings technology and vital data to modern parenting, today announced that it has completed its business combination with Sandbridge Acquisition Corporation. (NYSE: SBG) (“Sandbridge”), a special purpose acquisition company. The business combination and concurrent private placement, which were approved by Sandbridge’s stockholders at its special meeting held on July 14, 2021, provide over $135 million to accelerate the Company’s expansive product pipeline, deepen penetration, and expand globally.
“Since day one at Owlet, we have been dedicated to helping parents find joy and extra peace of mind in parenting, informed by technology and health data” ....

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Utah-based Owlet makes New York Stock Exchange debut


LEHI Owlet Baby Care, a nursery tech company originally started in a garage in Provo, made its debut on the New York Stock Exchange on Friday after going public through a merger.
Earlier this week, Owlet announced and closed a merger with Sanbridge Acquisition Corporation, a publicly traded special purpose acquisition company, in a deal that values the equity of the combined entity at about $1.4 billion and provides Owlet with $135 million to expand its product line and global reach. The joint company has been renamed Owlet, Inc. and has begun trading under the OWLT ticker symbol.
The stock opened at $8.95 per share. By the end of the day, the stock price had risen to $9.10 with an average of $9.38. On July 26, Owlet leadership will celebrate by ringing the opening bell on the NYSE floor. ....

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Turn your phone into a baby monitor with the Owlet smart cam on sale for $119


Turn your phone into a baby monitor with the Owlet smart cam on sale for $119
25 Apr 2021
Ever wished you could turn your smartphone into a baby monitor so you didn t have to carry a second monitor around all the time? Well, now you can. The Owlet Cam smart baby monitor does exactly that, and today it is down to just $119.20 as part of Amazon s Gold Box deals of the day. The smart camera normally sells for around $149, and it was going for as high as $200 at the beginning of the year. It has never dropped this low directly, so now is your chance to save in a big way. ....

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