secwatch.observer — SEC 8-K summary
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Issuer:     SOBR Safe, Inc. (SOBR)
CIK:        0001425627
Form:       8-K
Filed at:   2021-10-01T23:59:59+00:00
Accession:  0001477932-21-006953
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SOBR Safe closes $2.5M financing via 18% OID convertible debenture and warrants with healthcare fund
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- Received $2.5M; issued convertible debenture with principal $3,048,780.50 (18% original issue discount).
- Debenture convertible at lesser of 100% of prior close or 75% of 5-day VWAP; matures March 27, 2022, no interest unless default.
- Warrants to purchase 1,219,512 shares at $2.00/share for 5 years; drops to $1.00 on default; cashless exercise limited.
- Proceeds to fund pilot testing and commercial manufacturing starting October 2021; Alexander Capital as placement agent.
- Registration rights agreement requires filing within 6 months; warrants cashless only if registration fails after 6 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425627/000147793221006953/0001477932-21-006953-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425627/000147793221006953/sobr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-21-006953

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer