{"id":728924,"date":"2023-02-06T10:03:29","date_gmt":"2023-02-06T15:03:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\/"},"modified":"2023-02-06T10:03:29","modified_gmt":"2023-02-06T15:03:29","slug":"shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\/","title":{"rendered":"SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of SmartRent, Inc. and Encourages FWAA \/ SMRT Investors with Losses to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">PHILADELPHIA, Feb.  06, 2023  (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that it is investigating SmartRent, Inc. (NYSE: SMRT) on behalf of the company\u2019s long-term investors.<\/p>\n<p align=\"justify\">SmartRent provides a \u201cbrand-agnostic smart home operating system to residential property owners and operators.\u201d The current company was formed in August 2021 <em>via<\/em> a business combination with SPAC entity Fifth Wall Acquisition Corp. I (NASDAQ: FWAA), with SmartRent as the surviving, publicly traded entity.<\/p>\n<p align=\"justify\">Immediately following the closing of the business combination in August 2021, shares of SmartRent\u2019s stock traded at approximately $12.00 per share. <strong><em>Subsequently, in the year following the business combination, shares of SmartRent\u2019s stock declined in value to approximately $3.50 per share, a cumulative decline of $8.50 per share, or over 70% in value.<\/em><\/strong><\/p>\n<p align=\"left\">The investigation seeks to determine whether SmartRent and\/or the company\u2019s representatives violated the securities laws or breached their fiduciary duties to stockholders in connection with the business combination, thereby causing investor losses.<\/p>\n<p align=\"left\">\n        <strong><br \/>\n          <em>SmartRent investors who <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>purchased or acquired shares of FWAA or SMRT stock <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em><br \/>\n            <u>prior to July 27, 2021<\/u><br \/>\n          <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em> are <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>encouraged to contact <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>Kaskela Law LLC <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>(D. Seamus Kaskela, Esq. or <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>Adrienne Bell, Esq.) at (484) 229 \u2013 0750, or by email\u00a0(<\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gIkOnwuQBNHOidxmifl76oKZDkmqEeAAlayaY9Qxq_3j5whF6JNxXVLNMqTrDRBUYoL-O0N2Ezrf6B4G2MdjBCJXh_7FLBuFjpM_jUwf1Tk=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em>skaskela@kaskelalaw.com<\/em><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong><br \/>\n          <em> \/ <\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hjtX6IVBOACnMgwKh5UiXTTBi8sOJHMzB73-IRSQhkBfd_tLqEfzFYdM8BOj1oki3DSNasiLjWZSzyAyE_SR9PYXmUp3imvsSBj1XfjVlVE=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em>abell@kaskelalaw.com<\/em><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong><br \/>\n          <em>)\u00a0or\u00a0online at <\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1FEFoAna0mvpGzb_2ZFurIXq4Jaf9X5wN2lPatBviabU6dO1qlhpAjkhZbsbOGfIVbm1aqPehuzpT3YzCp2X1DIB2sKM_wGp48Y9FJ4VwrkhNuRV07jmu5nduamLajMDvcfqt5Cwwm77Ss76us_Icg==\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em>https:\/\/kaskelalaw.com\/cases\/smartrent\/<\/em><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong><br \/>\n          <em> , to receive additional information about this investigation and their legal rights and options.<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"left\">Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger &amp; acquisition litigation. For additional information about Kaskela Law LLC please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GVVHBhPh3kye0ANrPpfnMEMWPlEaJkF3tlp0gRVwjbc6Qrv0cSt0rpeFkpUuAzIyJJhFEfODtIJDSkvw_k-Ap0IaBHYWERURDFeIwn_DCm8=\" rel=\"nofollow noopener\" target=\"_blank\">www.kaskelalaw.com<\/a>. This notice may constitute attorney advertising in certain jurisdictions.<\/p>\n<p align=\"left\">\n        <strong>CONTACT:<\/strong>\n      <\/p>\n<p align=\"left\">\n        <strong>KASKELA LAW LLC<\/strong><br \/>\n        <br \/>D. Seamus Kaskela, Esq.<br \/>Adrienne Bell, Esq.<br \/>18 Campus Blvd., Suite 100<br \/>Newtown Square, PA 19073<br \/>(888) 715 \u2013 1740<br \/>(484) 229 \u2013 0750<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GVVHBhPh3kye0ANrPpfnMOPvRdLcv7aoniFJjRKSJ8cxrBYVCdSN2HhsqxIKozgbTQrrsTnxTvl7dzuRG-ew4sK7lVjpJut8g81ZNJerKhE=\" rel=\"nofollow noopener\" target=\"_blank\">www.kaskelalaw.com<\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0MzA3NyM1MzkyNTA0IzIwOTk5MzU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZmUxYzZkNzYtNWRiYy00ZDE5LWJhODYtNWY2YzBkMTAwMGY4LTExMTE1MDY=\/tiny\/Kaskela-Law.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PHILADELPHIA, Feb. 06, 2023 (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that it is investigating SmartRent, Inc. (NYSE: SMRT) on behalf of the company\u2019s long-term investors. SmartRent provides a \u201cbrand-agnostic smart home operating system to residential property owners and operators.\u201d The current company was formed in August 2021 via a business combination with SPAC entity Fifth Wall Acquisition Corp. I (NASDAQ: FWAA), with SmartRent as the surviving, publicly traded entity. Immediately following the closing of the business combination in August 2021, shares of SmartRent\u2019s stock traded at approximately $12.00 per share. Subsequently, in the year following the business combination, shares of SmartRent\u2019s stock declined in value to approximately $3.50 per share, a cumulative decline of $8.50 per share, or over &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of SmartRent, Inc. and Encourages FWAA \/ SMRT Investors with Losses to Contact the Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-728924","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of SmartRent, Inc. and Encourages FWAA \/ SMRT Investors with Losses to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of SmartRent, Inc. and Encourages FWAA \/ SMRT Investors with Losses to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, Feb. 06, 2023 (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that it is investigating SmartRent, Inc. (NYSE: SMRT) on behalf of the company\u2019s long-term investors. SmartRent provides a \u201cbrand-agnostic smart home operating system to residential property owners and operators.\u201d The current company was formed in August 2021 via a business combination with SPAC entity Fifth Wall Acquisition Corp. I (NASDAQ: FWAA), with SmartRent as the surviving, publicly traded entity. Immediately following the closing of the business combination in August 2021, shares of SmartRent\u2019s stock traded at approximately $12.00 per share. Subsequently, in the year following the business combination, shares of SmartRent\u2019s stock declined in value to approximately $3.50 per share, a cumulative decline of $8.50 per share, or over &hellip; Continue reading &quot;SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of SmartRent, Inc. and Encourages FWAA \/ SMRT Investors with Losses to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-06T15:03:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0MzA3NyM1MzkyNTA0IzIwOTk5MzU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of SmartRent, Inc. and Encourages FWAA \\\/ SMRT Investors with Losses to Contact the Firm\",\"datePublished\":\"2023-02-06T15:03:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\\\/\"},\"wordCount\":291,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODc0MzA3NyM1MzkyNTA0IzIwOTk5MzU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\\\/\",\"name\":\"SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of SmartRent, Inc. and Encourages FWAA \\\/ SMRT Investors with Losses to Contact the Firm - 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(NYSE: SMRT) on behalf of the company\u2019s long-term investors. SmartRent provides a \u201cbrand-agnostic smart home operating system to residential property owners and operators.\u201d The current company was formed in August 2021 via a business combination with SPAC entity Fifth Wall Acquisition Corp. I (NASDAQ: FWAA), with SmartRent as the surviving, publicly traded entity. Immediately following the closing of the business combination in August 2021, shares of SmartRent\u2019s stock traded at approximately $12.00 per share. Subsequently, in the year following the business combination, shares of SmartRent\u2019s stock declined in value to approximately $3.50 per share, a cumulative decline of $8.50 per share, or over &hellip; Continue reading \"SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of SmartRent, Inc. and Encourages FWAA \/ SMRT Investors with Losses to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\/","og_site_name":"Market Newsdesk","article_published_time":"2023-02-06T15:03:29+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0MzA3NyM1MzkyNTA0IzIwOTk5MzU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of SmartRent, Inc. and Encourages FWAA \/ SMRT Investors with Losses to Contact the Firm","datePublished":"2023-02-06T15:03:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\/"},"wordCount":291,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0MzA3NyM1MzkyNTA0IzIwOTk5MzU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-investigation-of-smartrent-inc-and-encourages-fwaa-smrt-investors-with-losses-to-contact-the-firm\/","name":"SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of SmartRent, Inc. and Encourages FWAA \/ SMRT Investors with Losses to Contact the Firm - 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