SOBR Safe, Inc. (SOBR): restructuring charge — SOBR Safe cuts 70% of workforce (11 employees) to save $1.6M annually

SOBR Safe, Inc.

Workforce reduced by 11 employees (~70%) to align with business needs post-merger agreement with Clean World Ventures.
Expected annual operating cost reduction of approximately $1.6 million.
Restructuring charges of ~$105,000 in Q2 2026 for severance, employee costs, and contract terminations.
Restructuring follows April 24, 2026 merger agreement; cash payments primarily in Q2 2026.

item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

SOBR Safe, Inc. announced a restructuring with charges of approximately $105,000 (11 employees (approximately 70%)).

Type: restructuring
Charge: approximately $105,000
Headcount: 11 employees (approximately 70%)

Exact text from the filing

operating costs by approximately $1.6 million. In connection with the restructuring, the Company estimates that it will incur aggregate restructuring charges of approximately $105,000, which will be recorded primarily in the second quarter of 2026, related to severance payments and other employee-related costs, and contract termination costs. The cash payments

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3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

SOBR Safe, Inc. filing history →

Source: SEC EDGAR

accession 0001477932-26-003057

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