Kessler Topaz Meltzer & Check, LLP and Pomerantz LLP Reveal Proposed Class Action Settlements for Sandbridge Acquisition Corporation and Owlet, Inc. Common Stock and Warrant Holders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 27 2025
0mins
Should l Buy OWLT?
Source: Globenewswire
Class Action Settlements Announced: Kessler Topaz Meltzer & Check, LLP and Pomerantz LLP have proposed class action settlements for owners of Sandbridge Acquisition Corporation and purchasers of Owlet, Inc. common stock and warrants, totaling $5.25 million.
Settlement Classes Defined: The settlements involve two classes: the Section 10(b) Settlement Class for those who purchased Owlet securities between March 31, 2021, and October 4, 2021, and the Section 14(a) Settlement Class for Sandbridge shareholders eligible to vote on July 14, 2021.
Hearing Scheduled: A court hearing is set for February 6, 2026, to determine the approval of the settlements, class certifications, and attorneys' fees, with updates available on the settlement website.
Claim Submission Requirements: Members of the settlement classes must submit a Claim Form by specified deadlines (December 12, 2025, for the 14(a) Class and January 17, 2026, for the 10(b) Class) to be eligible for settlement proceeds.
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Analyst Views on OWLT
Wall Street analysts forecast OWLT stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 5.510
Low
13.00
Averages
17.33
High
20.00
Current: 5.510
Low
13.00
Averages
17.33
High
20.00
About OWLT
Owlet, Inc. operates as a digital parenting platform company. The Company offers FDA-authorized medical and consumer pediatric wearables and an integrated HD visual and audio camera that provide real-time data and insights to parents who safeguard health, optimize wellness, and ensure peaceful sleep for their children. Its products include Owlet Dream Sock, an app to assist children with better sleep; Owlet Cam, a video streaming app to hear and see the baby from anywhere, and Owlet Monitor Duo. Its sock monitor offerings include Smart Sock, Dream Sock and BabySat. Its Cam offerings include Cam 1 and Cam 2. Combining Dream Sock or Owlet Smart Sock with Owlet Cam, this baby monitoring solution offers HD video, sleep insights, and health tracking to offer an extensive view into an infant's well-being. Its accessories product line includes the Owlet Sleeper, a wearable rayon blanket that encourages safe sleep, best for babies ages three-six months old, and an Owlet Sock Travel Case.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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