secwatch.observer — SEC 8-K summary
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Issuer:     SOBR Safe, Inc. (SOBR)
CIK:        0001425627
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001477932-23-008741
Event type: regulatory
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425627/000147793223008741/0001477932-23-008741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425627/000147793223008741/sobr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-008741

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