other material
confidence high
sentiment neutral
materiality 0.60
SOBR Safe raises $2.79M via warrant exercise; issues 20.6M new warrants at $0.27
SOBR Safe, Inc.
- Exercised ~10.3M warrants at reduced price of $0.27 per share, raising ~$2.79M in gross proceeds.
- Issued 20.6M new warrants at $0.27 exercise price, exercisable after shareholder approval; five-year term.
- Aegis Capital Corp. receives 8% cash fee of gross proceeds plus 1% non-accountable expenses and $50k accountable expenses.
- Company agrees not to engage in variable rate transactions for one year after closing.
- Registration statement for resale of new warrant shares must be filed within 20 days of shareholder approval.