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Owlet Baby Care went public via a merger with Sandbridge Acquisition in a $1.1bn deal.

Synopsis

Owlet Baby Care, a manufacturer of healthcare products, went public via a merger with Sandbridge Capital and PIMCO-backed Sandbridge Acquisition, a special purpose acquisition company, in a $1.1bn deal. “Ken Suslow and Domenico De Sole are category-defining modern brand creators, and will help usher Owlet into our next phase of growth as we expand our product suite and work to support family needs through some of the most crucial years of raising children. We look forward to further serving our current loyal customers as well as addressing a sizable untapped market, spanning multiple consumer touchpoints, and building Owlet into a vital family platform that will serve parents for generations to come," Kurt Workman, Owlet CEO and Founder.

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