Shareholders Foundation, Inc.

NASDAQ:OWLT Shareholder Notice: Investigation over Possible Securities Laws Violations by Owlet, Inc.

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


San Diego, CA -- (SBWIRE) -- 10/19/2021 -- Owlet, Inc. is under investigation over potential securities laws violations 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 or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of 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.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.