---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-001461"
form_type: "8-K"
ticker: "SOBR"
cik: "0001425627"
company_name: "SOBR Safe, Inc."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:20:34.814250+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SOBR Safe closes $3.0M private placement of convertible notes and warrants to refinance maturing debt

## Summary
- Issued $3.5M aggregate principal of convertible senior notes due 2025 with 15% original issue discount; conversion price $2.28/share.
- Issued warrants to purchase ~0.38M shares at $2.52 per share, expiring March 2028.
- Gross proceeds ~$3.0M; net proceeds used to replace ~$2.5M in maturing debt.
- Aegis Capital Corp. acted as exclusive placement agent for the offering.
- CEO David Gandini described financing as 'minimally dilutive' to accelerate technology enhancements and extend financial runway.

## SEC filing metadata
- accession: 0001477932-23-001461
- form_type: 8-K
- ticker: SOBR
- cik: 0001425627
- company_name: SOBR Safe, Inc.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425627/000147793223001461/0001477932-23-001461-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425627/000147793223001461/sobr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-001461
- JSON: https://secwatch.observer/filing/0001477932-23-001461.json
- Plain text: https://secwatch.observer/filing/0001477932-23-001461.txt

## Key facts
- Material Agreements
  SOBR Safe, Inc. entered into Purchase Agreement with institutional investors valued at aggregate of $3.5 million aggregate principal amount of convertible senior notes (effective 2023-03-07).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: institutional investors
  - Value: aggregate of $3.5 million aggregate principal amount of convertible senior notes
  - Effective: 2023-03-07
  source text: On March 7, 2023, SOBR Safe, Inc. (the " Company "), entered into a Purchase Agreement (the " Agreemen t") and Registration Rights Agreement (the " Registration Rights Agreement ") with institutional investors (" Purchasers ") and issued an aggregate of $3.5 million aggregate principal amount of convertible senior notes due in 2025 (the "Notes" ) and accompanying warrants (the "Warrants" ) to purchase approximately 0.38 million shares of Company common stock (the "Common Stock") for aggregate gross proceeds of approximately $3.0 million, before deducting fees to the placement agent and other expenses payable by the Company (the "Offering").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1425627/000147793223001461/0001477932-23-001461-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.