Owlet has agreed to file a registration statement with the SEC registering the resale of the shares of common stock underlying the Series B preferred stock and warrants.This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.This press release contains certain statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the Reform Act), including statements regarding the Companys estimated financial results for the fourth quarter ended December 31, 2023, the closing of the private placement, use of proceeds from the private placement and Owlets potential for long-term growth. Generally, forward-looking statements include the words estimate, may, believes, plans, expects, anticipates, intends, goal, potential, upcoming, outlook, guidance, the negation thereof, or similar expressions, although not all forward-looking statements contain these identifying words. Such factors include, but are not limited to, risks and uncertainties related to financial results, including risks related to the private placement and the expected timing of closing reported herein, reflect information available to the Company only as of the date of this press release, as well as those set forth in the Companys other releases, public statements and/or filings with the U.S. Securities and Exchange Commission, including those identified in the Risk Factors sections of the Companys Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. The Company does not endorse any projections regarding future performance, results or events that may be made by third parties.Owlet was founded by a team of parents in 2012. Owlet also believes that every child deserves to live a long, happy, and healthy life, and is working to develop products to help further that belief.