SOBR Safe, Inc. (SOBR): Nasdaq/NYSE listing notice — SOBR Safe receives Nasdaq deficiency notice for bid price below $1.00; has 180 days to cure

SOBR Safe, Inc.

Nasdaq notified SOBR that its common stock closed below $1.00 for 30 consecutive business days as of Nov 15, 2023.
Company has 180 days (until May 13, 2024) to regain compliance by achieving $1.00 closing bid for 10 consecutive days.
SOBR had approximately $4.1M cash on hand as of Sept 30, 2023; management states no reverse split under current consideration.
CEO cites shift in sales strategy toward replacing legacy breathalyzers in behavioral health; expects increased sales with SOBRsure band.
If not compliant by May 13, 2024, Company may be eligible for additional 180-day period if other listing standards met.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

SOBR Safe, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

November 15, 2023, SOBR Safe, Inc. (the “Company”), received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, for the preceding 30 consecutive business days, the closing bid price of the Company’s common remained below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). The notification has no immediate effect on the Company’s Nasdaq listing and the Company’s common stock will continue to

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5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

SOBR Safe, Inc. filing history →

Source: SEC EDGAR

accession 0001477932-23-008741

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