SOBR Safe flagged for insufficient publicly held shares after reverse split; private placement to cure

SOBR Safe, Inc.

Nasdaq notified SOBR on Oct 4, 2024 that publicly held shares (285,611) fall below 500,000 minimum.
1-for-110 reverse split on Oct 2 reduced outstanding shares from 34,764,593 to 316,042.
Closed $8.2M private placement on Oct 9, issuing 2,024,691 units; expects to regain compliance with float and equity rules.
Company already under exception until Oct 23, 2024 for bid price and equity deficiencies; hearing panel to review float issue by Oct 11.

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