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Owlet OWLT Issuance of common stock in connection with warrant exchange

Issuance of common stock in connection with warrant exchange at other companies

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-$4.5
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Oruka Therapeutics, Inc.ORKA
$2.52M-75.7%
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Evommune EVMN
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Stellar V Capital Corp. Class A Ordinary SharesSVCC
$1.22M

Other financials

Income statement

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Revenue$22.5M+6.4%
Gross profit$12.2M+8.1%
Operating income-$5.5M-106%
Net income-$3.3M-210%
EPS (diluted)-$0.25-327%

Balance sheet

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Cash & equivalents$41.0M+147%
Total debt$35.6M+48.6%
Total equity$21.0M+181%
Total assets$86.8M+68.8%

Cash flow

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Operating cash flow-$5.0M+14.8%
CapEx$15.0K+275%
Free cash flow-$5.1M+14.6%

Valuation

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Market cap$166.47M+31.1%
Enterprise value$161.04M+13.0%
P/S1.6×+0.1×

Profitability

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Gross margin50.9%-1.4pp
Operating margin-10.4%-3.4pp
Net margin-43%-94.2pp
FCF margin-9.5%

Returns & leverage

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Return on equity-206.1%
Debt / equity1.7×
Current ratio1.7×+0.5×

Where this comes from

Reported directly by Owlet in its filing.

Tagged under the XBRL concept owlt:ConversionOfWarrantsAmountIssued.

The official record: Owlet’s 10-K, filed March 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Owlet's issuance of common stock in connection with warrant exchange?
Owlet (OWLT) reported issuance of common stock in connection with warrant exchange of $11.72M in Q4 2025.
What does issuance of common stock in connection with warrant exchange mean?
Refers to the non-cash value of common stock issued specifically to settle or exchange outstanding warrant obligations. This activity reflects the company's strategy for managing its derivative liabilities and dilutive securities. Investors monitor this to understand the impact of warrant settlements on total share count and equity structure.