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