Thu Sep 12 00:37:00 UTC 2024: ## Owlet, Inc. Shareholders Targeted in Securities Lawsuit, Kuehn Law Investigating

**NEW YORK, Sept. 12, 2024** – Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims against Owlet, Inc. (NYSE: OWLT) alleging that company officers and directors misled shareholders about the company’s financial status and the future of its flagship product, the Smart Sock.

A federal securities lawsuit alleges that Owlet insiders concealed crucial information, including:

* **FDA Regulation:** The company’s failure to disclose that the Smart Sock was likely to be classified as a medical device by the FDA, requiring marketing authorization.
* **Distribution Halt:** The possibility that the Smart Sock’s commercial distribution in the US could be halted until the required FDA approval was obtained.
* **Misleading Statements:** Owlet’s alleged issuance of positive statements about its business and future prospects that were “materially misleading” and lacked a sound foundation.

Kuehn Law is seeking input from long-term OWLT shareholders who may have been impacted by these alleged misrepresentations. The firm encourages shareholders to contact attorney Justin Kuehn at (833) 672-0814 for a free consultation.

Kuehn Law emphasizes the importance of shareholder involvement in upholding the integrity of financial markets. The firm covers all case costs and does not charge its investor clients.

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