secwatch.observer — SEC 8-K summary
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Issuer:     SOBR Safe, Inc. (SOBR)
CIK:        0001425627
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001477932-24-002047
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425627/000147793224002047/0001477932-24-002047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425627/000147793224002047/sobr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-002047

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