SOBR Safe Gets Nasdaq Extension Until Sept 15 to Regain Compliance
SOBR Safe, Inc. received an extension from the Nasdaq Hearings Panel until September 15, 2026, to regain compliance with the minimum $1.00 bid price requirement. This extension is conditional on the company completing a proposed business combination with Clean World Ventures, Inc. and meeting Nasdaq's Initial Listing Rules by the deadline. The company had previously received a deficiency notice on March 19, 2026, due to its stock trading below $1.00 and was not eligible for the standard compliance period due to cumulative reverse stock splits.
Key Highlights
- Nasdaq granted SOBR Safe an extension until September 15, 2026, to regain compliance.
- The extension addresses the $1.00 minimum bid price requirement for continued listing.
- Conditioned on completing a business combination with Clean World Ventures, Inc.
- Company must also meet Nasdaq's Initial Listing Rules by September 15, 2026.
- SOBR Safe received the initial deficiency letter on March 19, 2026.
- Previous reverse stock splits had a cumulative ratio of 1-for-1100 over two years.
Price Impact
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