Owlet Stock Plummets After Public Offering Announcement

Owlet stock dips 7% after announcing a public offering of shares at $7.15 each, below the previous closing price. The company aims to raise $30 million to fuel commercialization, R&D, and general operations, with William Blair and TD Cowen managing the deal. Investors are reacting cautiously to the potential dilution of their shares.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.