Lehi, Utah-based Owlet and Sandbridge Acquisition Corp. will have a combined value of $1.1 billion including debt after the deal is completed, the people said, asking not to be identified because the information is private.
Founded in 2013, Owlet makes cameras and monitors that help parents track their infant's breathing, heart rate and sleep time, among other features. It also offer a sleep training app, and is planning to launch a product aimed at pregnant women, its website shows.
Sandbridge Acquisition raised $230 million in September through an initial public offering.
Source: Bloomberg – Baby Monitor Maker Owlet to Go Public Via Sandbridge SPAC