Owlet receives NYSE notice on non-compliance

Apr. 10, 2023 4:14 PM ETOwlet, Inc. (OWLT)By: Mary Christine Joy, SA News Editor
Markets Open After Dropping 600 Points Wednesday And Concerns Over Debt Ceiling Deal Remain

Michael M. Santiago

  • Owlet (NYSE:OWLT) said on Monday that it has received an NYSE notice on non-compliance.
  • The digital parenting platform's average global market capitalization over a consecutive 30 trading day period was less than $50M, and also its last reported stockholders' equity was less than $50M.
  • Owlet is set to submit a plan to cure the deficiency to the stock exchange within 45 days.
  • Source: Press Release

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