February 16, 2021
Owlet Baby Care Inc. and Sandbridge Acquisition Corporation (NYSE: SBG.U), a special purpose acquisition company co-sponsored by affiliates of Sandbridge Capital and PIMCO private funds, have announced that they have entered into a definitive merger agreement. Upon completion of the transaction, the combined company’s securities are expected to be traded on the New York Stock Exchange (NYSE) under the symbol “OWLT.”
Latham & Watkins LLP represents Owlet Baby Care Inc. in the SPAC transaction. The mergers and acquisitions deal team was led by Houston partner Ryan Maierson and Bay Area partner Benjamin Potter, with associates Nima Movahedi, Madison Mapes, Daniel Weissman, Aubrey Steiger, and Adam Weber. The capital markets deal team was led by Orange County partner Drew Capurro, with associates Eric Hanzich, Gregory Van Buiten, and Tiana Baghdikian. Advice was also provide on benefits and compensation matters by Bay Area partner Jay Metz, with associate Erik Ward; on tax matters by Bay Area partner Katharine Moir, with associate Derek Berry; on intellectual property matters by Bay Area partner Anthony Klein, with associate Gil Halpern; on FDA regulatory matters by Washington, D.C. partner Elizabeth Richards, with associate Eitan Bernstein; on healthcare regulatory matters by Bay Area counsel Betty Pang; on data privacy matters by Bay Area counsel Heather Deixler; on debt finance matters by Bay Area partners Haim Zaltzman and Dan Van Fleet; and on antitrust matters by Bay Area partner Joshua Holian and Washington, D.C. counsel Peter Todaro.