Owlet, Inc. (NYSE: OWLT) has announced it has consummated a sale of its newly issued Series A convertible preferred stock and warrants to purchase its Class A common stock in a private placement with certain institutional and other accredited investors for gross proceeds to Owlet of US$30 million, before deducting offering expenses. The transaction closed on February 17, 2023 and involved participation from new and existing investors.
Latham & Watkins LLP represents Owlet in the financing round with a corporate deal team led by Orange County partner Drew Capurro and Bay Area partner Benjamin Potter, with Orange County associates Eric Hanzich, Tiana Baghdikian, and Kennedy Holmes. Advice was also provided on capital markets matters by New York partner Peter Sluka, with associate Paul Rafla; on tax matters by Bay Area partner Katharine Moir; on finance matters by Bay Area partner Dan Van Fleet, with Los Angeles associate Hyunji Lee, and Bay Area associate Tyler Davis; on regulatory matters by Washington, D.C. partner Elizabeth Richards; and on NYSE matters by New York counsel Gail Neely.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
