Filed pursuant to Rule 424(b)(3)
Registration Statement No. 333-258506
Prospectus Supplement No. 7
(To Prospectus dated August 24, 2021)
This prospectus supplement updates, amends and supplements the
prospectus dated August 24, 2021 (the “Prospectus”), which
forms a part of our Registration Statement on Form S-1 (Registration No. 333-258506). Capitalized terms
used in this prospectus supplement and not otherwise defined herein
have the meanings specified in the Prospectus.
This prospectus supplement is being filed to update, amend and
supplement the information included in the Prospectus with the
information contained in our Current Report on Form 8-K filed with the Securities and
Exchange Commission (the “SEC”) on April 1, 2022, which is set
This prospectus supplement is not complete without the Prospectus.
This prospectus supplement should be read in conjunction with the
Prospectus, which is to be delivered with this prospectus
supplement, and is qualified by reference thereto, except to the
extent that the information in this prospectus supplement updates
or supersedes the information contained in the Prospectus. Please
keep this prospectus supplement with your Prospectus for future
Owlet, Inc.’s common stock and warrants are listed on the New York
Stock Exchange under the symbols “OWLT” and “OWLT WS.” On
March 31, 2022, the closing price of our common stock was
$4.45 and the closing price of our warrants was $0.77.
We are an “emerging growth company” under federal
securities laws and are subject to reduced public company reporting
requirements. Investing in our securities involves certain risks.
See “Risk Factors” beginning on page 6 of the Prospectus.
Neither the SEC nor any state securities
commission has approved or disapproved of these securities or
determined if the Prospectus or this prospectus supplement is
truthful or complete. Any representation to the contrary is a
The date of this prospectus supplement is
April 1, 2022.