secwatch.observer — SEC 8-K summary
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Issuer:     SOBR Safe, Inc. (SOBR)
CIK:        0001425627
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001477932-24-003500
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SOBR Safe raises $2.79M via warrant exercise; issues 20.6M new warrants at $0.27
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425627/000147793224003500/0001477932-24-003500-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425627/000147793224003500/sobr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-003500

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