Reported Earlier, Owlet Prices Public Offering Of 3,135,136S Shares At $3.70 Each And Completes Debt Refinancing For Total Proceeds Up To $46.6M
Portfolio Pulse from Benzinga Newsdesk
Owlet has priced a public offering of 3,135,136 shares at $3.70 each and completed debt refinancing, expecting total proceeds of up to $46.6 million. The company anticipates $11.6 million from the public offering and up to $35 million from debt refinancing.
September 12, 2024 | 7:00 am
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Owlet has announced a public offering and debt refinancing, expecting to raise up to $46.6 million. This move could strengthen its financial position.
The public offering and debt refinancing are significant financial actions that could improve Owlet's liquidity and financial stability. The expected proceeds of $46.6 million are substantial, potentially leading to positive investor sentiment and a short-term increase in stock price.
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