Owlet, Inc. (OWLT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 11, 2026

Risk Assessment Details

Potential Dilution: 79.97% of current shares
Recent Dilution: 158.89% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
29M
Potential Supply
23M
Additional shares possible
Splits
None
Past 2 years

Summary

OWLT currently has 29M outstanding shares. with significant dilution risk as 23.2M authorized shares could dilute existing holders by 80.0%. The company has significantly diluted shareholders by 158.89% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 11, 2026

10-Q filing | 29.0M shares outstanding

29M 23M
Mar 09, 2026

10-K filing | 28.2M shares outstanding

28M 23M
Nov 21, 2025

S-3 filing: The Registered Holders may offer and sell the securities described in this prospectus and any related prospectus supplement to or through one or more underwriters, dealers and agents, or directly to purchasers, or through a combination of these methods.

28M 23M
Nov 13, 2025

10-Q filing | 27.6M shares outstanding

28M 18M
Oct 14, 2025

8-K filing: The company consummated the exchange of Series A and Series B warrants for 5,426,429 newly issued shares of common stock, resulting in 22,788,420 shares of common stock outstanding.

23M 18M
Aug 08, 2025

10-Q filing | 15.7M shares outstanding

16M 18M
Aug 07, 2025

8-K filing: Owlet, Inc. entered into an Exchange Agreement to exchange warrants for 5,426,429 newly issued shares of common stock, pending stockholder approval.

15M 18M
May 08, 2025

10-Q filing | 15.4M shares outstanding

15M 18M
Mar 11, 2025

S-3 filing: The filing is an S-3 registration statement for the resale of common stock by registered holders, with up to 750,000 shares being offered from time to time.

16M 18M
Mar 11, 2025

10-K filing | 16.6M shares outstanding

17M 18M
Nov 14, 2024

10-Q filing | 16.0M shares outstanding

16M 17M
Sep 13, 2024

8-K filing: Owlet, Inc. entered into an underwriting agreement to issue and sell 3,135,136 shares of Class A common stock at $3.70 per share, with gross proceeds of approximately $11.6 million, and issued a warrant to purchase up to 125,405 shares of common stock. ($11.6M proceeds)

8.9M 17M
Sep 11, 2024

8-K filing: Owlet, Inc. issued an aggregate of 750,000 shares of common stock to WTI Funds as partial consideration for the availability and funding of the WTI Loan Facility.

8.9M 17M
Aug 14, 2024

S-3 filing: This is an S-3 filing describing the terms of Series A and Series B Preferred Stock, including conversion rates and voting rights.

8.7M 17M
Aug 14, 2024

10-Q filing | 8.9M shares outstanding

8.9M 17M
May 13, 2024

S-3 filing: The filing is for the registration of shares of Common Stock for resale by registered holders, with the possibility of using underwriters, dealers, or agents. The last reported sale price of the Common Stock on May 10, 2024, was $4.17 per share.

8.3M 17M
May 13, 2024

10-Q filing | 8.7M shares outstanding

8.7M 17M
Mar 08, 2024

10-K filing | 8.3M shares outstanding

8.3M 14M
Mar 04, 2024

8-K filing: Owlet, Inc. completed a private placement, selling 9,250 shares of Series B Convertible Preferred Stock and warrants to purchase 1,799,021 shares of Class A Common Stock for $9.25 million. ($18.5M proceeds)

8.3M 14M
Feb 26, 2024

8-K filing: Owlet, Inc. entered into an Investment Agreement to issue 9,250 shares of Series B Convertible Preferred Stock and warrants to purchase 1,799,021 shares of Class A Common Stock for $9.25 million, with the private placement expected to close around February 28, 2024. ($9.25M proceeds)

8.3M 14M
Nov 14, 2023

10-Q filing | 8.3M shares outstanding

8.3M 14M
Aug 14, 2023

10-Q filing | 8.2M shares outstanding

8.2M 14M
Jul 07, 2023
Stock Split

8-K filing: Stock split 1-for-14 | Outstanding: 113,545,429 → 8,110,387

8.1M 14M
May 12, 2023

10-Q filing | 113.5M shares outstanding

110M 200M
Apr 26, 2023

S-3 filing: This S-3 filing relates to the resale of up to 171,428,550 shares of Class A common stock by registered holders.

110M 200M
Apr 06, 2023

10-K filing | 111.3M shares outstanding

110M 26M
Feb 21, 2023

8-K filing: Owlet, Inc. entered into Investment Agreements, issuing 30,000 Series A Convertible Preferred Stock shares and warrants to purchase 110,204,066 shares of Class A common stock for $30.0 million in a private placement. ($30.0M proceeds)

110M 26M
Nov 14, 2022

10-Q filing | 111.8M shares outstanding

110M 26M
Aug 15, 2022

10-Q filing | 110.8M shares outstanding

110M 26M
May 13, 2022

10-Q filing | 110.4M shares outstanding

110M 26M
Apr 21, 2022

POS AM filing: This prospectus relates to the resale of shares of common stock and warrants by selling securityholders.

110M 26M
Mar 25, 2022

10-K filing | 113.1M shares outstanding

110M 220M
Nov 15, 2021

10-Q filing | 112.8M shares outstanding

110M 220M
Aug 19, 2021

S-1/A filing: This S-1/A filing registers the resale of common stock and warrants by selling securityholders, as well as the issuance of common stock upon the exercise of warrants and options.

110M 220M
Aug 16, 2021

10-Q filing | 112.8M shares outstanding

110M 130M
Aug 05, 2021

S-1 filing: This S-1 filing relates to the resale of common stock and warrants by selling securityholders and the issuance of common stock upon the exercise of warrants.

110M 130M
May 27, 2021

10-Q filing | 5.8M shares outstanding

5.8M 26M
Mar 25, 2021

10-K filing | 5.8M shares outstanding

5.8M 26M
Nov 13, 2020

10-Q filing | 5.8M shares outstanding

5.8M 26M
Sep 23, 2020

8-K filing: Sandbridge Acquisition Corporation completed its initial public offering of 23,000,000 units at $10.00 per unit and a private placement of 6,600,000 warrants with Sandbridge Acquisition Holdings LLC at $1.00 per warrant. ($236.6M proceeds)

5.8M 26M
Sep 18, 2020

8-K filing: Sandbridge Acquisition Corporation consummated its IPO of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, and also consummated a private placement of 6,600,000 private placement warrants to the Sponsor at $1.00 per warrant, generating gross proceeds of $6,600,000. ($236.6M proceeds)

5.8M 26M
Sep 01, 2020

S-1/A filing: Sandbridge Acquisition Corporation is offering 20,000,000 units at $10.00 per unit, each unit consisting of one share of Class A common stock and one-half of one redeemable warrant, in an initial public offering.

5.8M 26M
Aug 24, 2020

S-1 filing: Initial public offering of 20,000,000 units at $10.00 per unit, each unit consisting of one share of Class A common stock and one-half of one redeemable warrant.

5.8M 26M
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