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
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Sep 16, 2020
- Deal announcement (8-K) Feb 16, 2021
- Press release
- All filings on EDGAR CIK 1816708
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