Owlet, Inc. (NYSE: OWLT) (“Owlet” or the “Company”) announced today, following recent FDA clearances and strong preliminary fourth quarter results, that it has entered into definitive documentation relating to a sale of shares of its newly issued Series B convertible preferred stock (“Series B preferred stock”) and warrants to purchase its Class A common stock (“common stock”) in a private placement with certain institutional and other accredited investors for gross proceeds to Owlet of approximately $9 million, before deducting offering expenses.

Scelto brings modern Italian cuisine to Sandy

Sandy, UT—This December, Scelto (pronounced “Shell-toe) is opening their first flagship kitchen and restaurant to welcome friends, neighbors, locals, and visitors to their Sandy location to try their modern and unique take on Italian cuisine.

“This great opportunity of opening a restaurant was driven by my deep love of food and real estate, and the scarcity of dining options in the southeast end of the valley,” says Waleska Iglesias – Co-Owner of Scelto. “My business partner, Scott Dilley, and I are excited to embark on this culinary enrichment and community-building journey, bringing a much-needed dining experience to Sandy. Our goal is to fill this gap and become a great gathering place for everyone.” The Scelto team expects to grow their business throughout the valley, and are applying for the new concept of the year award given by the Restaurant & Bar Design Awards.

Scelto, recently featured in Gastronomic Salt Lake City, is excited for their official Grand Opening this December, where guests can enjoy the new Scelto atmosphere, menu, and what Waleska and Scott are bringing to the Sandy community.

About Scelto
Co-Owners and business partners Waleska Iglesias and Scott Dilley both live in the Salt Lake valley. Waleska Iglesias and Scott Dilley are both Real Estate Brokers and Real Estate investors with a combined 19 years of experience. The flagship Scelto location is currently hosted in the Aspen Plaza near Bonsai Japanese Steakhouse and La Costa Mexican Restaurant – the Scelto group looks forward to bringing their gourmet Italian servings to Sandy and beyond in years to come.