SHAREHOLDER ALERT: Investigation of Owlet, Inc. Announced by Holzer & Holzer, LLC

Atlanta, Georgia--(Newsfile Corp. - October 4, 2021) - Holzer & Holzer, LLC is investigating whether Owlet, Inc. ("OWLT or the "Company") (NYSE: OWLT) complied with federal securities laws. On October 4, 2021, the Company disclosed through an SEC filing that it received a warning letter from the FDA. The FDA's letter informed Owlet that the Company's marketing for its Owlet Smart Sock in the United States "renders the Smart Sock a medical device requiring premarket clearance or approval from FDA, and that the Company has not obtained such clearance or approval in violation of the Federal, Food, Drug, and Cosmetic Act." The FDA has requested that the Company take "prompt action" to remedy the alleged violations. On this report, the price of the Company's stock plummeted.

If you purchased Owlet stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights.

Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.

CONTACT:
Corey D. Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com

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