Press release
Lawsuit filed for Investors in shares of Owlet, Inc. (NASDAQ: OWLT)

A lawsuit was filed on behalf of investors in Owlet, Inc. (NASDAQ: OWLT) shares over alleged securities laws violations.
Investors who purchased shares of Owlet, Inc. (NASDAQ: OWLT) have certain options and for certain investors are short and strict deadlines running. Deadline: January 18, 2022. NASDAQ: OWLT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Lehi, UT based Owlet, Inc. operates as a digital parenting platform in the United States.
On July 15, 2021, Sandbridge combined with Owlet Baby Care Inc., a company that designs and sells products and services for parents to proactively monitor the health and wellness of their children, and the combined company was renamed Owlet (the “Business Combination”).
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.
According to the complaint the plaintiff alleges on behalf of purchasers of Owlet, Inc. (NASDAQ: OWLT) common shares between March 31, 2021 and October 4, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 31, 2021 and October 4, 2021, the Defendants failed to disclose to investors that Owlet was reasonably likely to be required to obtain marketing authorization for the Smart Sock because the FDA concluded it was a medical device, that, as a result, Owlet was reasonably likely to cease commercial distribution of the Smart Sock in the U.S. until it obtained the requisite approval, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lawsuit filed for Investors in shares of Owlet, Inc. (NASDAQ: OWLT) here
News-ID: 2480300 • Views: …
More Releases from Shareholders Foundation

Biohaven Ltd. (NYSE: BHVN) Investor Alert: Deadline in Lawsuit on September 12, …
A deadline is coming up on September 12, 2025in the lawsuit filed for certain investors of Biohaven Ltd. (NYSE: BHVN) over alleged securities laws violations by Biohaven Ltd.
Investors who purchased shares of Biohaven Ltd. (NYSE: BHVN) have certain options and there are strict and short deadlines running. Deadline: September 12, 2025. NYSE: BHVN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the…

Investigation announced for Long-Term Investors in shares of West Pharmaceutical …
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of West Pharmaceutical Services, Inc..
Investors who are current long term investors in West Pharmaceutical Services, Inc. (NYSE: WST) shares, 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 for current long term investors in (NYSE: WST stocks follows a lawsuit filed…

Investigation announced for Long-Term Investors in Open Lending Corporation (NAS …
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Open Lending Corporation.
Investors who are current long term investors in Open Lending Corporation (NASDAQ: LPRO) shares, 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 for current long term investors in NASDAQ: LPRO stocks follows a lawsuit filed against Open…

Investigation announced for Long-Term Investors in shares in BigBear.ai Holdings …
An investigation on behalf of current long-term investors in shares of BigBear.ai Holdings, Inc. (NYSE: BBAI) concerning potential breaches of fiduciary duties by certain directors and officers of BigBear.ai Holdings, Inc. was announced.
Investors who are current long term investors in BigBear.ai Holdings, Inc. (NYSE: BBAI) shares, 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…
More Releases for Owlet
smart clothing Market Likely to Enjoy Promising Growth |Samsung , Neviano , Owle …
According to HTF Market Intelligence, the Global smart clothing market to witness a CAGR of 23.30% during the forecast period (2024-2030). The Latest Released smart clothing Market Research assesses the future growth potential of the smart clothing market and provides information and useful statistics on market structure and size.
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and…
Smart Socks Market is Booming Worldwide | Major Giants Blacksocks, Owlet Care, S …
The Latest published study on Global Smart Socks Market provides an overview of the current market dynamics in the Smart Socks space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2030. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities. Some of the players…
Smart Baby Sleep Monitor market: Lucrative Segments and their Underlying Factors …
"The global Smart Baby Sleep Monitor Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Smart Baby Sleep Monitor Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and…
Baby Sleep Monitor Market Trend, SWOT Analysis, Opportunity Assessments 2022-202 …
"LOS ANGELES, United States: QY Research offers an encyclopedic study of the global Baby Sleep Monitor market with holistic insights into vital factors and aspects that impact future market growth. The global Baby Sleep Monitor market has been analyzed for the forecast period 2022-2028 and historical period 2015-2021. In order to help players to gain comprehensive understanding of the global Baby Sleep Monitor market and its critical dynamics, the research…
Investigation announced for Investors in Owlet, Inc. (NASDAQ: OWLT) over potenti …
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Owlet, Inc..
Investors who are current long term investors in Owlet, Inc. (NASDAQ: OWLT) shares, 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 for investors in NASDAQ: OWLT stocks follows a lawsuit filed against Owlet, Inc. over alleged securities laws…
Investigation announced for Investors in shares of Owlet, Inc. (NASDAQ: OWLT)
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…