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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” ....

United States , Laura Durr , Amy Mccullough , Lior Susan , Ken Suslow , Zane Burke , John Kim , Michael Abbott , York Stock Exchange , Owlet Dream Lab , Owlet Inc , Sandbridge Acquisition Corporation , Sandbridge Acquisition , New York Stock Exchange , Kurt Workman , Chief Executive Officer , Owlet Smart Sock , Owlet Cam , Kate Scolnick , Chief Financial Officer , Zack Bomsta , Chief Technology Officer , Jordan Monroe , Chief Innovation Officer , Caryn Johnson , Chief Marketing Officer ,

Former Amazon Logistics Exec Raises $8 Million to Help the Competition


Courtesy of Shipium
Shipium creates decision-making software to help retailers fight back against Amazon s speed.
Cofounder Jason Murray spent 19 years building Amazon s e-commerce supply chain.
Shipium has raised $8 million to expand its reach among legacy retailers like Macy s.
While most traditional retailers know e-commerce is essential  and are working on improving their execution they re still not making much money through online sales. The pressure to deliver fast eats into profits. Package carriers like UPS and FedEx continuously upping what they charge isn t helping. 
Nordstrom, Kohl s, Stitch Fix, Macy s … nearly every retailer has bemoaned the hit to margins the shift to e-commerce has delivered in the last few months. What they need, according to the cofounders of Seattle startup Shipium, is a couple of decades experience at Amazon which happens to be just what Shipium is selling.  ....

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