SmartRent, Inc. (SMRT) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

Core Viewpoint - SmartRent, Inc. is under investigation following the resignation of its CEO and the suspension of its 2024 guidance due to market challenges and operational changes [2]. Group 1: Company Developments - On July 30, 2024, SmartRent announced the resignation of CEO Lucas Haldeman, effective July 29, 2024 [2]. - The company indicated a scaling back of its channel partner program and acknowledged increasing market headwinds, including delays in customer capital spending [2]. - As a result of these announcements, SmartRent suspended its previous guidance for full-year 2024 and advised investors not to rely on earlier forecasts [2]. Group 2: Market Reaction - Following the news of the CEO's resignation and the suspension of guidance, SmartRent's stock price experienced a significant decline during intraday trading on July 30, 2024 [2].