Owlet, Inc. (NYSE:OWLT) has announced a 1-for-14 reverse stock split of its Class A common stock, effective from July 7, 2023. The split-adjusted trading will begin on July 10, 2023. The reverse split is expected to help the company regain compliance with the $1.00 minimum average closing price requirement of the NYSE. The number of issued and outstanding shares will be reduced from approximately 118,078,000 to approximately 8,434,142.