other material
confidence high
sentiment neutral
materiality 0.60
SOBRsafe raises $8.2M via private placement of units with warrants
SOBR Safe, Inc.
- Gross proceeds of $8.2M from private placement with institutional investors; closed Oct 8, 2024.
- Issued 2,024,691 units at $4.05/unit: 1 share (or pre-funded warrant), 2 Series A warrants ($3.80 strike), 1 Series B warrant (variable, floor $0.76).
- Proceeds to be used for general corporate purposes and working capital.
- Company must seek stockholder approval within 60 days and file a resale registration statement covering the shares.
- Aegis Capital Corp. acted as exclusive placement agent; fee of 8% of gross proceeds plus up to $100,000 expenses.