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TechMediaBreaks – Owlet Inc. (NASDAQ: OWLT) Secures $46.6M in Public Offering and Debt Refinancing

Owlet Inc. (NASDAQ: OWLT), a leader in smart infant monitoring, on Friday announced that it has successfully closed its public offering, raising $11.6 million from the sale of 3,135,136 shares of Class A common stock. Additionally, the company secured up to $35 million through a debt refinancing arrangement with Western Technology Investment and Mountain Ridge Capital, which includes a term loan facility and a revolving line of credit. These financial moves are expected to provide Owlet with increased capital and flexibility to support general corporate needs and future growth.

To view the full press release, visit https://ibn.fm/oZxTW

About Owlet Inc.

Owlet’s digital health infant monitoring platform is transforming the journey of parenting. Owlet, a small-cap healthcare growth equity, offers FDA-authorized medical and consumer pediatric wearables and an integrated HD visual and audio camera that provide real-time data and insights to parents who safeguard health, optimize wellness, and ensure peaceful sleep, for their children. Since 2012, over 2 million parents worldwide have used Owlet’s platform contributing to one of the largest collections of consumer infant health and sleep data. The Company continues to develop software and digital data solutions to bridge the current healthcare gap between hospital and home and bring new insights to parents and caregivers globally. Owlet believes that every child deserves to live a long, happy, and healthy life. For more information, visit the company’s website at www.OwletCare.com

About TechMediaWire

TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.

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