SOBR Safe, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $1.5M
- Price
- $0.5301
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.71%
- Volume
- 160.1K
About
SOBR Safe, Inc. specializes in developing non-intrusive technologies for alcohol detection and identity confirmation. The company's offerings include SOBRcheck, a fixed device for identification and continuous alcohol monitoring, and SOBRsure, a wearable band designed to detect alcohol transdermally. These solutions are powered by the SOBRSafe software platform, which manages their core non-invasive alcohol detection and identity verification functionalities. Headquartered in Greenwood Village, Colorado, the enterprise was established in 2004 as TransBiotec, Inc., before officially rebranding as SOBR Safe, Inc. in March 2020.
Quick stats
Shares outstanding2.9M
Computed float2.2M
Float / shares77.1%
Key info
SectorTechnology
IndustryHardware, Equipment & Parts
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001425627
Websitehttps://sobrsafe.com
AI Summary
AI-generated1/4
minorbullishoffering
SOBRsafe Announces Closing of Exercise of Warrants for $3.1 Million Gross Proceeds
SOBRsafe closed the exercise of outstanding warrants for 2.36 million shares at $1.30 per share, generating roughly $3.1 million in gross proceeds.
In conjunction with the exercise, the company issued new unregistered Series E and Series F warrants covering an aggregate of 4.72 million shares, also with a $1.30 strike price.
The capital will be used for working capital and to support a proposed merger, with H.C. Wainwright & Co. acting as the exclusive placement agent.
Red flags
- proceeds earmarked for 'working capital and general corporate purposes'
- issuance of Series E and F warrants creates additional potential dilution