Notes: June 27, 2023 -- Owlet, Inc. (NYSE: OWLT) (“Owlet” or the “Company”), today announced that its Board of Directors (the “Board”) has approved a 1-for-14 reverse stock split (“Reverse Split”) of its Class A common stock, $0.0001 par value per share (“Common Stock”), that is expected to become effective on July 7, 2023 at 5:00 p.m. EDT. The shares of the Company’s Common Stock are expected to begin trading on the New York Stock Exchange (“NYSE”) on a split-adjusted basis at the market open on July 10, 2023 The new CUSIP number for the Common Stock following the Reverse Split will be 69120X206. <p> February 15, 2021 -- Sandbridge Acquisition Corporation, a Delaware corporation (“Sandbridge” or the “Company”), entered into a business combination agreement by and among Sandbridge, Project Olympus Merger Sub, Inc., a wholly owned subsidiary of Sandbridge (“Merger Sub”), and Owlet Baby Care Inc. (“Owlet”) (as it may be amended, supplemented or otherwise modified from time to time, the “Business Combination Agreement”). The business combination was unanimously approved by Sandbridge’s board of directors (the “Board”) on February 12, 2021. Owlet’s board of directors unanimously approved the business combination on February 13, 2021.