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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 ,

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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