{"filing":{"accession_number":"0001816708-26-000069","cik":"0001816708","ticker":"OWLTW","company_name":"Owlet, Inc.","form":"8-K","filing_date":"2026-07-01","report_date":null,"primary_document":"owlt-20260626.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1816708/000181670826000069/owlt-20260626.htm"},"events":[{"id":15262,"run_id":13620,"accession_number":"0001816708-26-000069","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"Owlet entered into a new $25 million asset-based revolving credit facility with Wells Fargo on June 26, 2026, which refinances and replaces existing debt arrangements. The facility is expandable to $35 million, carries a three-year maturity, and features significantly improved terms (SOFR plus 2.00%-2.25% versus the prior SOFR plus 7.50%-8.50%), reducing borrowing costs by at least 525 basis points and enhancing liquidity.","company_name":"Owlet, Inc.","ticker":"OWLTW","filing_date":"2026-07-01","form":"8-K","submitted_at":null,"items":[{"id":12954,"accession_number":"0001816708-26-000069","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Owlet entered into a new $25 million asset-based revolving credit facility with Wells Fargo on June 26, 2026, which refinanced and replaced existing debt arrangements. This is a creation of a new direct financial obligation—a revolving credit facility with a maximum principal amount of $25 million (expandable to $35 million). The filing explicitly discloses the terms, maturity date (three years), interest rate structure (SOFR plus 2.00%-2.25%), and security interests, all hallmarks of debt issuance under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T11:34:20.755460+00:00","company_name":"","ticker":null,"filing_date":""},{"id":12955,"accession_number":"0001816708-26-000069","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Owlet entered into a new $25 million asset-based revolving credit facility with Wells Fargo on June 26, 2026, which refinances and replaces the company's existing debt structure. This creates a direct financial obligation and is disclosed under Item 2.03. The facility significantly reduces borrowing costs (by at least 525 basis points, from SOFR plus 7.50%-8.50% to SOFR plus 2.00%-2.25%) and enhances liquidity, making it material to investors assessing the company's financial position and capital structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T11:34:20.755460+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":12954,"accession_number":"0001816708-26-000069","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Owlet entered into a new $25 million asset-based revolving credit facility with Wells Fargo on June 26, 2026, which refinanced and replaced existing debt arrangements. This is a creation of a new direct financial obligation—a revolving credit facility with a maximum principal amount of $25 million (expandable to $35 million). The filing explicitly discloses the terms, maturity date (three years), interest rate structure (SOFR plus 2.00%-2.25%), and security interests, all hallmarks of debt issuance under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T11:34:20.755460+00:00","company_name":"Owlet, Inc.","ticker":"OWLTW","filing_date":"2026-07-01"},{"id":12955,"accession_number":"0001816708-26-000069","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Owlet entered into a new $25 million asset-based revolving credit facility with Wells Fargo on June 26, 2026, which refinances and replaces the company's existing debt structure. This creates a direct financial obligation and is disclosed under Item 2.03. The facility significantly reduces borrowing costs (by at least 525 basis points, from SOFR plus 7.50%-8.50% to SOFR plus 2.00%-2.25%) and enhances liquidity, making it material to investors assessing the company's financial position and capital structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T11:34:20.755460+00:00","company_name":"Owlet, Inc.","ticker":"OWLTW","filing_date":"2026-07-01"}]}