other material
confidence high
sentiment neutral
materiality 0.70
SOBR Safe closes $10M public offering, uplists to Nasdaq on May 16, 2022
SOBR Safe, Inc.
- Gross proceeds of $10M from 2,352,942 units at $4.25/unit; each unit has one share + two warrants.
- Warrants exercisable at $4.25, expire in 5 years; common stock began trading on Nasdaq (SOBR) May 16.
- Underwriter partially exercised over-allotment option for 424,116 additional warrants.
- Reverse stock split (1-for-3) effective April 28, 2022; new CUSIP; outstanding shares post-offering: 10,156,081.
- Lock-up agreements: 180 days for insiders, 24 months for Company, starting May 13, 2022.