OWLT INVESTOR ALERT: Thornton Law Firm Announces Investigation

Boston, Massachusetts--(Newsfile Corp. - October 14, 2021) - The Thornton Law Firm alerts investors that it is investigating Owlet, Inc. (NYSE: OWLT) for potential securities violations. Investors who currently own shares or options of OWLT may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/Owlet for more information. Investors may also email investors@tenlaw.com or call 617-531-3917.

FOR MORE INFORMATION: www.tenlaw.com/cases/Owlet

On October 4, 2021, Owlet, Inc. stock fell more than 30% after notifying investors that it received an FDA warning letter on improper marketing of its flagship product called the Smart Sock. The warning letter asserts that the Company's marketing of its Owlet Smart Sock in the U.S. renders the Smart Sock a medical device requiring premarket clearance or approval from the FDA and that Owlet has not obtained such clearance or approval. Additionally, the Letter "requests the Company cease commercial distribution of the Smart Sock for uses in measuring blood oxygen saturation and pulse rate where such metrics are intended to identify or diagnose desaturation and bradycardia using an alarm functionality to notify users that measurements are outside of preset values," the Company says.

FOR MORE INFORMATION: www.tenlaw.com/cases/Owlet

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT:
Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/Owlet

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99685

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