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SPAC · Merger completed

Sandbridge Acquisition Corp

Business combination with Owlet Baby Care Inc.

Sandbridge Acquisition Corp is a blank-check company (SPAC) that raised $200M in its initial public offering on Sep 16, 2020, listing on New York Stock Exchange. It completed its business combination with Owlet Baby Care Inc. on Jul 15, 2021; the combined company is Owlet, Inc. (OWLT). Tommy Hilfiger led the IPO, with Founding Partner of Sandbridge Capital and Partner of Aspen Highland Partners. Ropes & Gray advised the SPAC and Paul Hastings advised the underwriters on the IPO.

Owlet Baby Care Inc., founded by parents in 2012, runs a digital parenting platform that gives parents real-time data and insights about their children. It also works to develop products supporting child health and parents' peace of mind.

Status
Merger completed
IPO date
Sep 16, 2020
IPO size
$200M
IPO exchange
New York Stock Exchange
Target
Owlet Baby Care Inc.
Announced
Feb 16, 2021
Closed
Jul 15, 2021
Combined company
Owlet, Inc. (OWLT)
IPO underwriters
Tommy Hilfiger, Founding Partner of Sandbridge Capital, Partner of Aspen Highland Partners, Strand Partners, Investment Committee Member of Encore Capital, Partner of Kairos Venture Partners and Sandbridge Acquisition
SPAC counsel (IPO)
Ropes & Gray
Underwriters' counsel (IPO)
Paul Hastings

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