Owlet (OWLT) said late Wednesday it plans a public offering of an undisclosed amount of its class A common shares.
The company intends to grant a 30-day, 15% overallotment option to the underwriter of the offering.
Owlet expects net proceeds to go toward general corporate purposes, among other uses.
The company's shares were down more than 26% in after-hours activity.
Price: 3.2000, Change: -1.15, Percent Change: -26.44
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