secwatch.observer — SEC 8-K summary
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Issuer:     SOBR Safe, Inc. (SOBR)
CIK:        0001425627
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001477932-24-007992
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

SOBR Safe shareholders approve issuance of up to 29M shares and reverse split authorization
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- Shareholders approved issuance of up to 29,011,695 shares upon exercise of warrants under Oct 7, 2024 SPA.
- Shareholders approved board discretion to implement reverse stock split from 1:2 to 1:10 by Dec 31, 2025.
- Total shares outstanding pre-meeting: 921,949; warrant issuance could increase outstanding by over 30x.
- Vote results: Proposal 1 - 46,159 For, 17,742 Against, 4,519 Abstain; Proposal 2 - 278,934 For, 47,825 Against, 769 Abstain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425627/000147793224007992/0001477932-24-007992-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425627/000147793224007992/sobr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-007992

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