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Investigation announced for Investors in shares of Owlet, Inc. (NASDAQ: OWLT)

10-13-2021 08:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Owlet, Inc. (NASDAQ: OWLT) shares over potential securities laws violations by Owlet, Inc

An investigation for investors in Owlet, Inc. (NASDAQ: OWLT) shares over potential securities laws violations by Owlet, Inc

An investigation was announced over potential securities laws violations by Owlet, Inc. in connection with certain financial statements.

Investors who purchased shares of Owlet, Inc. (NASDAQ: OWLT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain statements by Owlet, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Lehi, UT based Owlet, Inc. operates as a digital parenting platform in the United States. On October 4, 2021, Owlet, Inc. disclosed it received a Warning Letter from the U.S. Food and Drug Administration (FDA) regarding the Owlet, Inc. Smart Sock. The FDA asserts that Owlet’s marketing and functionality in the U.S. render the Smart Sock a medical device requiring premarket clearance or approval from FDA and that Owlet, Inc. has not obtained authorization or consent.

Shares of Owlet, Inc. (NASDAQ: OWLT) declined from $7.10 per share on September 8, 2021, to $3.75 per share on October 4, 2021.

Those who purchased shares of Owlet, Inc. (NASDAQ: OWLT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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