baby tech

The company will proceed with a 1-for-14 reverse stock split of its Class A common stock effective July 7.

The company is currently trading under OWLT on the New York Stock Exchange. 

The company currently sells connected wearables and smart monitors to consumers, but said that it will be seeking FDA authorization for new products with broader indications and telehealth capabilities down the line.

The new funding is expected to help the company grow its product line.