Owlet, Inc. Files 8-K on Financials and Operations

TL;DR

Owlet dropped an 8-K detailing financials and operations as of Oct 21st.

AI Summary

Owlet, Inc. filed an 8-K on October 23, 2025, reporting on events that occurred on October 21, 2025. The filing primarily concerns the company's results of operations and financial condition, along with other events and financial statements. Owlet, Inc., formerly Sandbridge Acquisition Corp., is incorporated in Delaware and headquartered in Lehi, Utah.

Why It Matters

This 8-K filing provides investors with crucial updates on Owlet, Inc.'s financial performance and operational status, impacting investment decisions.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of financial and operational information, not indicating any immediate or significant risks.

Key Players & Entities

• Owlet, Inc. (company) — Registrant
• Sandbridge Acquisition Corp. (company) — Former company name
• October 21, 2025 (date) — Date of earliest event reported
• October 23, 2025 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation
• Lehi, Utah (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.0001 — hich registered Class A Common Stock, $0.0001 par value per share OWLT New York Stoc
• $30 million — d September 30, 2025 is estimated to be $30 million to $32 million, compared to $22.1 milli
• $32 m — 2025 is estimated to be $30 million to $32 million, compared to $22.1 million for th
• $22.1 million — $30 million to $32 million, compared to $22.1 million for the corresponding period of 2024.
• $23.8 m — 2025 are estimated to be approximately $23.8 million, which includes approximately $18
• $18.6 million — 8 million, which includes approximately $18.6 million in additional borrowings during the thr
• $7.15 — on Stock"), at a price to the public of $7.15 per Share, less underwriting discounts

Filing Documents

• owlt-20251021.htm (8-K) — 37KB
• exhibit11-8xk.htm (EX-1.1) — 299KB
• exhibit51-8xk.htm (EX-5.1) — 36KB
• owlt-20251021_g1.jpg (GRAPHIC) — 34KB
• potterandersonlogo.jpg (GRAPHIC) — 12KB
• 0001628280-25-045943.txt ( ) — 664KB
• owlt-20251021.xsd (EX-101.SCH) — 2KB
• owlt-20251021_lab.xml (EX-101.LAB) — 23KB
• owlt-20251021_pre.xml (EX-101.PRE) — 13KB
• owlt-20251021_htm.xml (XML) — 3KB

02. Other Events. Results of Operations and Financial Condition

Item 2.02. Other Events. Results of Operations and Financial Condition. On October 21, 2025, Owlet, Inc. (the "Company") disclosed in a preliminary prospectus supplement related to the Offering (as defined below) certain preliminary unaudited financial results for the three months ended September 30, 2025 and as of September 30, 2025 including that: Revenue for the three months ended September 30, 2025 is estimated to be $30 million to $32 million, compared to $22.1 million for the corresponding period of 2024. Gross margin for the three months ended September 30, 2025 is estimated to be approximately 49.5%-51%, compared to 52.2% for the corresponding period of 2024, a decrease the Company believes is primarily attributable to the impact of tariffs on its cost of goods sold. Cash and cash equivalents as of September 30, 2025 are estimated to be approximately $23.8 million, which includes approximately $18.6 million in additional borrowings during the three months ended September 30, 2025 under the Company's asset-based revolving credit facility. The preliminary unaudited third quarter 2025 financial results (the "preliminary financial information") are preliminary and were prepared by the Company's management, based upon its estimates, a number of assumptions and currently available information, and are subject to revision based upon, among other things, quarter-end closing procedures and/or adjustments, the completion of the Company's interim financial statements and other operational procedures. This preliminary financial information is the responsibility the Company's management and has been prepared in good faith on a consistent basis with prior periods. However, the Company has not completed its financial closing procedures for the three months ended September 30, 2025, and the Company's actual results could be materially different from the preliminary financial information provided above. The Company's independent registered public accounting firm, Pricew

01. Other Events

Item 8.01. Other Events. On October 21, 2025, the Company entered into an underwriting agreement (the "Underwriting Agreement") with William Blair & Company, L.L.C. and TD Securities (USA) LLC, as representatives (the "Representatives") of the several underwriters named in Schedule A thereto (the "Underwriters"), pursuant to which the Company agreed to issue and sell 4,196,000 shares (the "Shares") of its Class A common stock, par value $0.0001 per share ("Common Stock"), at a price to the public of $7.15 per Share, less underwriting discounts and commissions (the "Offering"). In addition, under the terms of the Underwriting Agreement, the Company granted the Underwriters the option, for 30 days, to purchase up to 629,400 additional shares of Common Stock at the public offering price per share, less underwriting discounts and commissions. The Company intends to use the net proceeds of the Offering to support continued commercialization and research and development, and for general corporate purposes. The Shares are being offered pursuant to the Company's effective shelf registration statement on Form S-3 (File No. 333-281556), filed by the Company with the Commission on August 14, 2024. A final prospectus relating to the Offering was filed with the Commission on October 22, 2025 (the "Prospectus"). The Company and the Company's directors and executive officers and certain stockholders also agreed not to sell or transfer any Common Stock without first obtaining the written consent of the Representatives, subject to certain exceptions as described in the Prospectus, for 90 days after the date of the Prospectus. The Underwriting Agreement contains customary representations, warranties, covenants, indemnification obligations of the Company and the Underwriters, including for liabilities under the Securities Act and other obligations of the parties. The representations, warranties and covenants contained in the Underwriting Agreement were made only for purposes of

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit No. Exhibit Description 1.1 Underwriting Agreement, dated as of O ctober 21, 2025, by and among Owlet, Inc. , William Blair & Company, L.L.C., TD Securities (USA) LLC and the several underwriters named therein. 5.1 Opinion of Potter Anderson & Corroon LLP . 23.1 Opinion of Potter Anderson & Corroon LLP (included in Exhibit 5.1). 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OWLET, INC. Date: October 22, 2025 /s/ Amanda Crawford Amanda Crawford Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR