Dilution profile // every instrument, one screen, from SEC filings

Owlet, Inc. (OWLT)

CIK 1816708 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$57.5M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
LOWwarrants = 6% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
HIGH+245% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
LOW~34.4 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-08-112026-08-06

Latest: 29.2M shares as of Aug 6, 2026 (10-Q).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-08-06
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Open the source document →
Share count fell from 117.7M to 8.5M between May 10, 2023 and Aug 10, 2023, a pattern consistent with a reverse split (roughly 1-for-14); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Series B Warrants1.8Mnot tagged——
SBG Public Warrants821,428not tagged5y—
SBG Private Warrants471,428not tagged——
Series A Warrants265,597$4.661.6y—
Titan Warrants95,308$4.635y—
SVB Warrants10,714$5.32—FV $43,000
Public Warrantnot tagged$161——

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 14, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 1.7M underlying shares, as reported Jun 30, 2026 (10-Q).

Rough fully diluted estimate: 30.9M = 29.2M O/S + 1.7M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 14, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding29.2MAug 6, 2026
+ Series B Warrants (if exercised)1.8MAug 7, 2025
+ SBG Public Warrants (if exercised)821,428Jun 30, 2026
+ SBG Private Warrants (if exercised)471,428Jun 30, 2026
+ Series A Warrants (if exercised)265,597Jun 30, 2026
+ Titan Warrants (if exercised)95,308Jun 30, 2026
+ SVB Warrants (if exercised)10,714Jun 30, 2026
Fully diluted estimate32.7M+11.9% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $57.5Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Mar 10, 2026fee exhibit found but no total offering amount (fees deferred, typical for automatic shelves)filing →
S-3Nov 21, 2025$57.5M registeredfiling →
S-3Mar 11, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 0 executed · 2 registered.

EFFECTIVEMar 12, 2026SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMar 10, 2026S-3 registration — capacity to sell shares, not a sale yetS-3 →
UPDATEDec 12, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEDec 9, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDNov 21, 2025S-3 registration — capacity to sell shares, not a sale yetS-3 →
EXECUTEDOct 23, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDOct 21, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDAug 7, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
UPDATEMar 28, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEMar 28, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDMar 11, 2025S-3 registration — capacity to sell shares, not a sale yetS-3 →
MARKETINGSep 12, 2024Free-writing prospectus — offering being marketedFWP →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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