secwatch.observer — SEC 8-K summary
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Issuer:     SOBR Safe, Inc. (SOBR)
CIK:        0001425627
Form:       8-K
Filed at:   2022-04-01T23:59:59+00:00
Accession:  0001477932-22-001905
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SOBR Safe defaults on $3.05M convertible debenture; obtains waiver from Armistice Capital
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- Defaulted on $3,048,780.50 18% convertible debenture due March 27, 2022; entered waiver on March 30, 2022.
- Waiver grants 21-day cure period (to April 17, 2022) without default penalties.
- In exchange, amended existing warrant extending termination from 2026 to 2028.
- Issued new warrant for 304,878 common shares expiring 2029; must file S-1 registration within 30 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425627/000147793222001905/0001477932-22-001905-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425627/000147793222001905/sobr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-001905

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