1 Beaten-Up SPAC Stock to Buy Now

·4-min read
1 Beaten-Up SPAC Stock to Buy Now

It's hard to argue that Owlet's (NYSE: OWLT) move into public markets went as planned. A SPAC merger with Sanbridge aimed to bring in $325 million in cash, which included $130 million from PIPE (private investment in public equity) investors. As a result, Owlet ended up adding just $135.7 million in funds from the PIPE and SPAC.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting