Summary Notice of Proposed Settlement of Derivative Actions

LEHI, Utah--(BUSINESS WIRE)--Owlet, Inc. (NYSE: OWLT) has released the following notice: IN THE UNITED STATES DISTRICT COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA IN RE OWLET, INC. SHAREHOLDER DERIVATIVE LITIGATION Lead Case No. 2:24-cv-07258-FLA-PVC This Document Relates to:   ALL ACTIONS. NOTICE OF PROPOSED DERIVATIVE SETTLEMENT NOTICE OF PROPOSED SETTLEMENT OF STOCKHOLDER DERIVATIVE MATTERS, HEARING THEREON, AND RIGHT TO APPEAR TO: ALL CURRENT RECORD HOLDERS AND BENEFICIAL OWNERS OF COMMON