---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-008741"
form_type: "8-K"
ticker: "SOBR"
cik: "0001425627"
company_name: "SOBR Safe, Inc."
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T22:37:17.646289+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SOBR Safe receives Nasdaq deficiency notice for bid price below $1.00; has 180 days to cure

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-23-008741
- form_type: 8-K
- ticker: SOBR
- cik: 0001425627
- company_name: SOBR Safe, Inc.
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425627/000147793223008741/0001477932-23-008741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425627/000147793223008741/sobr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-008741
- JSON: https://secwatch.observer/filing/0001477932-23-008741.json
- Plain text: https://secwatch.observer/filing/0001477932-23-008741.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1425627/000147793223008741/0001477932-23-008741-index.htm

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