secwatch.observer — SEC 8-K summary
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Issuer:     SOBR Safe, Inc. (SOBR)
CIK:        0001425627
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001477932-23-001461
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425627/000147793223001461/0001477932-23-001461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425627/000147793223001461/sobr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-001461

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