Edelson Lechtzin LLP is Investigating Securities Fraud Claims on Behalf of Owlet, Inc. (Nasdaq: OWLT) Shareholders Who Held Sandbridge Acquisition Corp. Shares Prior to the Merger
NEWTOWN, PA, May 23, 2023 — The law firm of Edelson Lechtzin LLP is investigating securities fraud and breach of fiduciary duty claims on behalf of shareholders of Sandbridge Acquisition Corp. (“Sandbridge”) (NYSE: SBG), a special purpose acquisition company (“SPAC”), who acquired Sandbridge shares before the closing of its business combination with Owlet, Inc. (“Owlet”) (Nasdaq: OWLT), on or before July 15, 2021.
Owlet operates a digital parenting platform for smart baby monitoring products that provide real-time data and insights to parents. Owlet maintains its principal executive offices in Lehi, UT. The business combination of Sandbridge and Owlet was approved by Sandbridge shareholders at its Special Meeting held on July 14, 2021. Owlet common stock began trading on the Nasdaq under its new ticker symbol “OWLT”, on July 15, 2021.
Sandbridge investors may have claims based on alleged false and misleading statements and/or material omissions contained in the documents used to solicit shareholder approval for the business combination between Sandbridge and Owlet. Please contact Edelson Lechtzin LLP at 844-696-7492 to discuss your investment losses, or by e-mail at [email protected] or [email protected], or you can submit your information online HERE.
For more information, please contact:
Marc H. Edelson, Esq.
Eric Lechtzin, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 or 215-867-2399 ext. 1
Email: [email protected] or [email protected]
About Edelson Lechtzin LLP
Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on class and collective litigation in cases alleging violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and dangerous and defective drugs and medical devices.
This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. Your ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.