Amazon-backed Owlet Baby Care has agreed to a reverse merger with special purpose acquisition company Sandbridge for a post-deal valuation of $1.39bn.
Owlet Baby Care, a US-based baby monitor producer backed by e-commerce firm Amazon, yesterday agreed to a reverse merger with special purpose acquisition company Sandbridge Acquisition Corp. The transaction includes a $130m investment raised in a private placement from Fidelity, Janus Henderson Group, Neuberger Berman, OrbiMed Advisors and private funds affiliated with Pimco and Wasatch…
This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.