OWLT ALERT: Levi & Korsinsky, LLP Announces an Investigation into the Fairness of Owlet's De-SPAC Merger

NEW YORK, Oct. 03, 2023 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Owlet, Inc. (f/k/a Sandbridge Acquisition Corp.) ("Owlet" or the "Company") (NYSE: OWLT) stock prior to July 14, 2021.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of Owlet's 2021 de-SPAC merger. Shortly after the Owlet 2021 de-SPAC merger closed, Owlet stock began spiraling downwards.

To learn more about the action and your rights, go to:

https://www.zlk.com/mna2/owlet-inc-f-k-a-sandbridge-acquisition-corp-information-request-form

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.

The Owlet de-SPAC merger investigation concerns whether the Board of Owlet has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.

Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington, D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com