SOBR Safe, Inc. (SOBR): Nasdaq/NYSE listing notice — SOBR Safe receives Nasdaq equity deficiency notice; also not in compliance with bid price rule

SOBR Safe, Inc.

Stockholders' equity of $1,982,537 is below the $2.5M minimum required by Nasdaq Listing Rule 5550(b)(1).
Company does not meet alternative compliance standards for market value of listed securities or net income.
Must submit a plan to regain compliance by May 23, 2024; Nasdaq may grant up to 180 days extension.
Previously disclosed bid price deficiency; compliance deadline is May 13, 2024.
Stock continues trading on Nasdaq under SOBR; no immediate effect on listing.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

SOBR Safe, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

equity for continued listing (the “Stockholders’ Equity Rule”). The Company’s Annual Report on Form 10-K for the period ended December 31, 2023 reported stockholders’ equity of $1,982,537. In situations where a company does not comply with the Stockholders’ Equity Rule, the Staff may determine whether such company has a market value of listed securities of $35

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SOBR Safe, Inc. filing history →

Source: SEC EDGAR

accession 0001477932-24-002047

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