---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-001018"
form_type: "8-K"
ticker: "SOBR"
cik: "0001425627"
company_name: "SOBR Safe, Inc."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T03:42:08.200763+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SOBR Safe induces conversion of $804K convertible notes at $0.62/sh; warrant strike also reduced

## Summary
- Holders converted ~$804K principal (25% of total Senior Convertible Notes) at reduced price of $0.62/share.
- Exercise price of existing warrants permanently lowered to $0.62/share concurrent with conversion.
- Company restricted from filing registration statements or conducting future financing until April 1, 2024.
- Conversion shares are Rule 144 eligible; warrant shares already registered on Form S-1.

## SEC filing metadata
- accession: 0001477932-24-001018
- form_type: 8-K
- ticker: SOBR
- cik: 0001425627
- company_name: SOBR Safe, Inc.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425627/000147793224001018/0001477932-24-001018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425627/000147793224001018/sobr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-001018
- JSON: https://secwatch.observer/filing/0001477932-24-001018.json
- Plain text: https://secwatch.observer/filing/0001477932-24-001018.txt

## Key facts
- Material Agreements
  SOBR Safe, Inc. entered into Inducement Letters with holders of Senior Convertible Notes (effective 2024-03-04).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: holders of Senior Convertible Notes
  - Effective: 2024-03-04
  source text: On March 4, 2024, SOBR Safe, Inc. (the “Company”) entered into inducement offer letter agreements (the “Inducement Letters”) with each holder (collectively, the “Holders”, and, individually, a “Holder”) of the Company’s Senior Convertible Notes issued on March 9, 2023 (the “Applicable Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1425627/000147793224001018/0001477932-24-001018-index.htm

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