SOBR Safe to Merge with Clean World Ventures; CWV to Own 98.3%
SOBR Safe, Inc. has entered into a definitive agreement to merge with Clean World Ventures, Inc. (CWV), a zero-carbon Green Energy technology company. Upon closing, CWV stockholders are expected to own approximately 98.3% of the combined public company, with SOBR Safe stockholders owning 1.7%. The combined entity will operate as Clean World Ventures, focusing on distributed green hydrogen and clean electricity generation for power-intensive applications like AI data centers. SOBR Safe plans to explore strategic alternatives for its existing alcohol monitoring and detection technology business, which will initially operate independently. The merger is expected to close in Q3 2026, subject to stockholder and regulatory approvals, and includes approximately $5.5 million in pre-close financing for SOBRsafe.
Key Highlights
- SOBR Safe, Inc. entered into a definitive merger agreement with Clean World Ventures, Inc. (CWV).
- Pre-Merger CWV stockholders are expected to own approximately 98.3% of the combined company.
- Pre-Merger SOBR Safe stockholders are expected to own approximately 1.7% of the combined company.
- The combined company will operate as Clean World Ventures, focusing on green energy technology.
- SOBR Safe will explore strategic alternatives for its alcohol monitoring and detection business.
- The merger is expected to close in the third quarter of 2026, subject to stockholder and regulatory approvals.
- SOBRsafe secured approximately $5.5 million in pre-close third-party financing.
- SOBR Safe will pay H.C. Wainwright & Co., LLC a cash fee of $1,500,000 for waiver of exclusive rights.