secwatch.observer — SEC 8-K summary
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Issuer:     SOBR Safe, Inc. (SOBR)
CIK:        0001425627
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0001477932-24-003125
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

SOBR Safe receives Nasdaq delisting determination for bid price and equity non-compliance
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- Nasdaq notified SOBR Safe on May 15, 2024 that it failed to regain $1.00 minimum bid price compliance by May 13, 2024.
- Company also not compliant with Nasdaq's minimum $2.5M stockholders' equity requirement based on its 2023 10-K.
- SOBR intends to request a hearing before Nasdaq's Hearings Panel, which automatically stays suspension/delisting pending decision.
- Panel may grant extension to regain compliance up to November 11, 2024; no assurance of success.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425627/000147793224003125/0001477932-24-003125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425627/000147793224003125/sobr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-003125

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