MobiHealth News July 16, 2021
The company is currently trading under OWLT on the New York Stock Exchange.
Friday morning baby tech company Owlet went public in a SPAC merger deal with Sandbridge Acquisition Corp. The company is trading for just under $10 per share on the New York Stock Exchange.
As part of the deal, Sandbridge and the concurrent private placement (PIPE) will provide Owlet $135 million to speed up its product line and will boost the company’s valuation to more than $1 billion.
Kurt Workman, CEO of Owlet, said that there is a big market out there for baby tech.
“There are twenty-four million people right now that are caregivers in this conception to kindergarten phase. And it’s a really...
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