Corporate ActionJul 17, 2026, 05:31 PM
SOBRsafe Raises $3.1M from Warrant Exercise & New Warrants
AI Summary
SOBR Safe, Inc. announced the closing of a warrant inducement agreement, generating approximately $3.1 million in gross proceeds. Holders of 2,360,648 existing warrants exercised them for cash at $1.30 per share. In consideration, the company issued new unregistered Series E and Series F warrants, totaling up to 4,721,296 shares, also with an exercise price of $1.30 per share. The net proceeds are intended for working capital and general corporate purposes.
Key Highlights
- Gross proceeds of approximately $3.1 million from warrant exercise.
- 2,360,648 existing warrants exercised at $1.30 per share.
- Issued new Series E warrants for up to 2,580,648 shares.
- Issued new Series F warrants for up to 2,140,648 shares.
- New warrants have an exercise price of $1.30 per share.
- Paid H.C. Wainwright & Co. a 7.5% cash fee and 1.0% management fee.
- Issued Placement Agent Warrants for up to 177,049 shares at $1.625 exercise price.
Price Impact
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