---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-002047"
form_type: "8-K"
ticker: "SOBR"
cik: "0001425627"
company_name: "SOBR Safe, Inc."
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:19:35.993562+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SOBR Safe receives Nasdaq equity deficiency notice; also not in compliance with bid price rule

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-24-002047
- form_type: 8-K
- ticker: SOBR
- cik: 0001425627
- company_name: SOBR Safe, Inc.
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425627/000147793224002047/0001477932-24-002047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425627/000147793224002047/sobr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-002047
- JSON: https://secwatch.observer/filing/0001477932-24-002047.json
- Plain text: https://secwatch.observer/filing/0001477932-24-002047.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1425627/000147793224002047/0001477932-24-002047-index.htm

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