Kaskela Law LLC announces that it is investigating SmartRent, Inc. (NYSE: SMRT) on behalf of the company’s long-term investors.

SmartRent provides a “brand-agnostic smart home operating system to residential property owners and operators.”  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’s stock traded at approximately $12.00 per share.  Subsequently, in the year following the business combination, shares of SmartRent’s stock declined in value to approximately $3.50 per share, a cumulative decline of $8.50 per share, or over 70% in value.

The investigation seeks to determine whether SmartRent and/or the company’s representatives violated the securities laws or breached their fiduciary duties to stockholders in connection with the business combination, thereby causing investor losses.

SmartRent investors who purchased or acquired shares of FWAA or SMRT stock prior to July 27, 2021 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, to receive additional information about this investigation and their legal rights and options.