other material
confidence high
sentiment neutral
materiality 0.55
SOBRsafe raises $3.1M via warrant exercise; issues new Series E/F warrants
SOBR Safe, Inc.
- Existing warrants for 2,360,648 shares exercised at $1.30/share, gross proceeds ~$3.1M.
- In exchange, issued new Series E warrants (2,580,648 shares) and Series F warrants (2,140,648 shares), both at $1.30.
- Series E expire 5 years after resale registration effective date; Series F expire 24 months after.
- Net proceeds to be used for working capital and general corporate purposes.
- H.C. Wainwright acted as placement agent; fees include 7.5% cash fee and placement agent warrants.