0000950170-24-023912.txt : 20240301 0000950170-24-023912.hdr.sgml : 20240301 20240301162721 ACCESSION NUMBER: 0000950170-24-023912 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240229 FILED AS OF DATE: 20240301 DATE AS OF CHANGE: 20240301 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Trilogy Equity Partners, LLC CENTRAL INDEX KEY: 0001875623 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39516 FILM NUMBER: 24710306 BUSINESS ADDRESS: STREET 1: 155 108TH AVE NE STREET 2: SUITE 400 CITY: BELLEVUE STATE: WA ZIP: 98004 BUSINESS PHONE: 425-458-5984 MAIL ADDRESS: STREET 1: 155 108TH AVE NE STREET 2: SUITE 400 CITY: BELLEVUE STATE: WA ZIP: 98004 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Owlet, Inc. CENTRAL INDEX KEY: 0001816708 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3300 NORTH ASHTON BOULEVARD STREET 2: SUITE 300 CITY: LEHI STATE: UT ZIP: 84043 BUSINESS PHONE: 8443345330 MAIL ADDRESS: STREET 1: 3300 NORTH ASHTON BOULEVARD STREET 2: SUITE 300 CITY: LEHI STATE: UT ZIP: 84043 FORMER COMPANY: FORMER CONFORMED NAME: Sandbridge Acquisition Corp DATE OF NAME CHANGE: 20200702 4 1 ownership.xml 4 X0508 4 2024-02-29 0001816708 Owlet, Inc. OWLT 0001875623 Trilogy Equity Partners, LLC 155 108TH AVENUE NE, SUITE 400 BELLEVUE WA 98004 false false true false false Series B Convertible Preferred Stock 1000 2024-02-29 4 P false 2286 1000.00 A 2024-02-29 Class A Common Stock 296401 2286 D Common Stock Warrant (Right To Buy) 7.7125 2024-02-29 4 P false 444601 A 2024-02-29 2029-03-01 Class A Common Stock 444601 444601 D The Series B Convertible Preferred Stock is convertible into shares of Class A common stock, par value $0.0001 per share (the "Common Stock"), of Owlet, Inc. (the "Company"). The conversion rate shall initially be 129.6596 shares of Common Stock per each share of Series B Convertible Preferred Stock, subject to adjustment from time to time pursuant to the terms and conditions of the Investment Agreement, dated February 25, 2024, by and among the Company and Trilogy Equity Partners, LLC ("Trilogy"), amongst others. The Series B Convertible Preferred Stock does not have an expiration date. As set forth in the Warrant to Purchase Shares of Common Stock of Owlet, Inc., dated February 29, 2024, by the Company and Trilogy (the "Warrant"), the exercise price and the number of shares of the Company's Common Stock issuable upon exercise are subject to adjustment upon the occurrence of certain events. As such, the exercise price and the number of shares of Common Stock issuable upon exercise as reported on this Form 4 are subject to change upon the occurrence of future events in accordance with the terms of the Warrant. /s/ Amy McCullough, Amy McCullough, President, Managing Director 2024-03-01