0000876661-23-000558.txt : 20230705
0000876661-23-000558.hdr.sgml : 20230705
20230705073056
ACCESSION NUMBER: 0000876661-23-000558
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20230705
DATE AS OF CHANGE: 20230705
EFFECTIVENESS DATE: 20230705
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: Owlet, Inc.
CENTRAL INDEX KEY: 0001816708
STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39516
FILM NUMBER: 231066656
BUSINESS ADDRESS:
STREET 1: 1999 AVENUE OF THE STARS
STREET 2: SUITE 2088
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 424-208-8488
MAIL ADDRESS:
STREET 1: 1999 AVENUE OF THE STARS
STREET 2: SUITE 2088
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
FORMER COMPANY:
FORMER CONFORMED NAME: Sandbridge Acquisition Corp
DATE OF NAME CHANGE: 20200702
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK STOCK EXCHANGE LLC
CENTRAL INDEX KEY: 0000876661
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 212-656-2060
MAIL ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: NEW YORK STOCK EXCHANGE INC
DATE OF NAME CHANGE: 19910628
25-NSE
1
primary_doc.xml
X0203
0000876661
NEW YORK STOCK EXCHANGE LLC
0001816708
Owlet, Inc.
001-39516
1999 Avenue of the Stars, Suite 2088
Los Angeles
CA
CALIFORNIA
90067
424-208-8488
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50
17 CFR 240.12d2-2(b)
Christopher Rances
Senior Analyst, Market Watch and Proxy Compliance
2023-07-05
EX-99.25
2
ruleprovisionnotice.htm
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
The New York Stock Exchange ("NYSE" or the "Exchange") hereby notifies the Securities and Exchange Commission (the "Commission") of its intention to remove the entire class of Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 ("Warrants") of Owlet, Inc. (the "Company") from listing and registration on the Exchange on July 17, 2023, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the Security is no longer suitable for continued listing and trading on the NYSE.
The Exchange determined that the Company's Warrants are no longer suitable for listing based on "abnormally low" price levels, pursuant to Section 802.01D of the NYSE's Listed Company Manual.
On June 16, 2023, the Exchange determined that the Warrants should be suspended from trading and directed the preparation and filing with the Commission of this application for the removal of the Warrants from listing and registration on the NYSE. The Company was notified on June 16, 2023. Pursuant to the above authorization, a press release regarding the proposed delisting was issued and posted on the Exchange's website on June 16, 2023, and trading in the Warrants was immediately suspended.
The Company had a right to appeal to a Committee of the Board of Directors of the Exchange the determination to delist the Warrants, provided it filed a written request for a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. The Company did not file such request within the specified period. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.