Feb. 11 at 3:12 PM
$OWLT has agreed to settle with investors over claims that it misrepresented regulatory compliance and failed to disclose FDA warnings regarding its flagship Smart Sock device.
Who’s eligible?
Anyone who purchased
$OWLT shares between March 31, 2021 and October 4, 2021.
Do I need to sell my shares to qualify?
No — you are eligible whether you sold your shares or still hold them.
How much is the payout?
The payout per share is
$0.29 — but normally only ~25% of eligible investors file, the effective payout could increase to
$1.16.
Can I still file?
Yes — late claims are currently being considered for compensation, subject to approval.
When do payouts happen?
Typically within 8–12 months after court approval of the settlement.
To file your claim: https://11th.com/cases/owlet-investors-settlement
