Recent Securities Litigations

Owlet Inc. Class A Common Stock (NYSE: OWLT)

48 Days left to seek lead plaintiff status.

Company Name:Owlet Inc. Class A Common Stock
Stock Symbol:NYSE: OWLT
Class Period Start:03/31/2021
Class Period End (inclusive):10/04/2021
Filing Deadline:01/18/2022

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) 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; (2) 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 (3) 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.

Owlet Inc. Class A Common Stock (NYSE: OWLT) Claim Form

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