SOBR Safe to delist from Nasdaq Sept 16; merger with Clean World Ventures unlikely to close

SOBR Safe, Inc.

• Received Nasdaq delisting notice Sept 14; common stock delisted from Nasdaq Capital Market at open Sept 16.
• Will not appeal delisting or equity deficiency; shares to move to OTCQB tier under ticker SOBR upon approval.
• Merger with Clean World Ventures (CWV) won't close by Oct 15 termination date; company cites need for new Nasdaq listing application.
• Prior continued-listing extension to Sept 15 required completing merger and demonstrating compliance; not satisfied.
• Company had received bid price and equity deficiencies (below $1.00, under $2.5M equity); reverse splits cumulative ratio 1-for-1100.