Owlet drops 12%, prices $30M equity at $7.15 per share

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Owlet (NYSE:OWLT [https://seekingalpha.com/symbol/OWLT]) priced [https://seekingalpha.com/pr/20274679-owlet-announces-pricing-of-public-offering-of-class-a-common-stock] an underwritten public offering of ~4.2M shares of common stock. The shares are being sold at a public offering price of $7.15 per share.

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All of the shares in the offering are to be sold by the company. The gross proceeds to Owlet are expected to be approximately $30M.

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The underwriters have a 30-day option to purchase up to an additional 629,400 shares.

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The offering is expected to close on or about October 23, 2025.

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Owlet intends to use the net proceeds to support continued commercialization and research and development, and for general corporate purposes.

* The stock price dropped ~12% on Tuesday during after-market hours of trading.

MORE ON OWLET

* Owlet Keeps Delivering Growth While The Market Sleeps [https://seekingalpha.com/article/4828425-owlet-keeps-delivering-growth-while-market-sleeps]
* Owlet, Inc.(OWLT) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4811314-owlet-inc-owlt-q2-2025-earnings-call-transcript]
* Owlet, Inc. 2025 Q2 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4811313-owlet-inc-2025-q2-results-earnings-call-presentation]
* Owlet announces proposed public offering of Class A common stock [https://seekingalpha.com/news/4506429-owlet-announces-proposed-public-offering-of-class-a-common-stock]
* Owlet projects up to $100M 2025 revenue with new CEO transition and expanded pediatric health platform [https://seekingalpha.com/news/4482776-owlet-projects-up-to-100m-2025-revenue-with-new-ceo-transition-and-expanded-pediatric-health]