other material
confidence high
sentiment neutral
materiality 0.55
SOBR Safe 1-for-110 reverse stock split effective Oct 2 to regain Nasdaq compliance
SOBR Safe, Inc.
- 1-for-110 reverse stock split effective 12:01 a.m. ET on October 2, 2024; post-split trading begins that day.
- Primary goal is to increase share price to regain compliance with Nasdaq minimum bid price requirement.
- No fractional shares issued; fractional amounts rounded up to nearest whole share.
- Stockholders holding 33.94% of outstanding voting stock approved split on June 3, 2024.
- Common stock trading under symbol SOBR with new CUSIP 833592306; Equiniti acted as exchange agent.