Owlet announces $46.6M fundraising through public offering and debt refinancing. Learn how this smart infant monitoring company plans to use the capital for growth and operational flexibility.

LEHI, Utah--(BUSINESS WIRE)--Owlet, Inc. (“Owlet” or the “Company”) (NYSE:OWLT), the pioneer of smart infant monitoring, has received UK medical device certification, following the recent achievement of CE Mark certification. This marks a significant milestone for Owlet, moving the company forward in its mission to increase access to medical-grade infant monitoring technology to parents and caregivers around the world. The UKCA certification, granted by a recognized UK-approved body, follows the recent announcement of Owlet’s EU CE mark certification of Dream Sock earlier this month and now provides Owlet with medical device certifications in key UK and European markets where its distribution partners operate. These certifications also follow the Company’s marketing authorizations from the U.S. Food and Drug Administration (the “FDA”), for Dream Sock, with new medical technology for healthy infants over-the-counter without a prescription, and for BabySat®, a prescription-only pulse oximeter designed for use with babies that have a pre-existing medical condition

Following its approval, Owlet plans to launch the Dream Sock in Germany, France, and the United Kingdom this spring, with further expansion to other European countries anticipated.