Owlet Baby Care

The company also disclosed that it reached an agreement with most holders of its Series A and Series B warrants to convert those warrants into common stock.

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.

Owlet Baby Care, a tech startup developing smart socks for monitoring infants' vital signs, raised $6 million in venture funding and another $1 million in the form of an NIH Grant.