Investigation announced for Investors in shares of SmartRent, Inc. (NYSE: SMRT) over possible Violations of Securities Laws

An investigation was announced on behalf of investors of SmartRent, Inc. (NYSE: SMRT) shares over potential securities laws violations by SmartRent, Inc. f.k.a. Fifth Wall Acquisition Corp. I.

Investors who purchased shares of SmartRent, Inc. (NYSE: SMRT), 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 possible claims on behalf of purchasers of the securities of SmartRent, Inc. (NYSE: SMRT) concerning whether a series of statements by SmartRent, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Scottsdale, AZ based SmartRent, Inc., an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States.

On August 24, 2021, SmartRent.com, Inc. announced that it has completed its business combination with Fifth Wall Acquisition Corp. I ("FWAA"), a publicly-traded special purpose acquisition company ("SPAC") sponsored by an affiliate of Fifth Wall, the largest venture capital firm focused on the global real estate industry and proptech.

SmartRent, Inc. reported that itsannual Total Revenue rose from $167.82 million in 2022 to $236.83 million in 2023, and that its Net Loss decreased from $96.32 million in 2022 to $34.58 million in 2023.

On July 30, 2024 SmartRent suspended its 2024 financial guidance and simultaneously announced the departure of its Chief Executive Officer.

Shares of SmartRent, Inc. (NYSE: SMRT) closed on September 13, 2024, at $1.83 per share.

Those who purchased shares of SmartRent, Inc. (NYSE: SMRT) 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.