Sobr Safe Inc Stock Price, News & Analysis

SOBR Safe, Inc. (NASDAQ:SOBR) has successfully completed its underwritten public offering of 2,352,942 units at a price of $4.25 per unit, generating $10 million in gross proceeds. Each unit consists of one share of common stock and two warrants, with an exercise price of $4.25. The offering included a 45-day over-allotment option for the underwriter, Aegis Capital Corp., which exercised part of this option. The funds are expected to support SOBRsafe's innovative alcohol policy management solutions, aimed at enhancing workplace safety.

SOBR Safe, Inc. (OTC: SOBR) has priced its public offering of 2,352,942 units at $4.25 each, aiming for gross proceeds of $10 million. Each unit includes one share of common stock and two warrants, exercisable immediately at the same price. Aegis Capital Corp. has a 45-day option to purchase additional shares or warrants. The offering closes around May 18, 2022, with an expected total gross of $11.5 million if fully exercised. Additionally, SOBR's common stock will start trading on the Nasdaq Capital Market under the ticker "SOBR" on May 16, 2022.

SOBR Safe, Inc. (OTC: SOBR) announced the hiring of Jerry Wenzel as Chief Financial Officer, bringing over 40 years of experience in financial management. Previously, Jerry served as CFO for multiple companies, enhancing SOBRsafe's leadership team aimed at driving revenue growth and strategic expansion. The company focuses on innovative solutions for alcohol policy management, with a technology capable of detecting alcohol and ensuring workplace safety. SOBRsafe addresses the $249 billion annual cost of alcohol abuse in the U.S., with a unique touch-based verification system.

SOBR Safe, Inc. (OTC: SOBR) has appointed Michael Watson as the Chief Revenue Officer, effective Nov. 16, 2021. With over 25 years in sales and marketing, Watson is tasked with driving revenue for the company. He previously developed a healthcare product generating over $1 billion in savings and $50 million in revenue. Watson's focus at SOBR includes enhancing economic arguments for the company's technology, which aims to help businesses save up to 20% on insurance costs. SOBR Safe's innovative alcohol detection solutions target various industries to reduce alcohol-related accidents.

SOBR Safe, Inc. (OTC: SOBR) has successfully closed a $3 million financing round through a convertible debenture and warrants to purchase up to 1,219,512 shares at $2.00 each. This funding comes at a pivotal moment as the company prepares for commercial manufacturing of its innovative alcohol detection technology, with pilot testing already underway. SOBR Safe's system aims to combat alcohol abuse, which costs the U.S. economy $249 billion annually, targeting various applications from workplaces to young drivers.

SOBR Safe, Inc. (OTC: SOBR) has announced it secured $3.0 million in financing from a healthcare fund, raising its total financing to approximately $8.0 million since 2020. This funding will support the commercial rollout of its SOBRcheck™ devices starting in October 2021. The Chairman, Dave Gandini, emphasized the financing will bolster sales, marketing, and public relations efforts and facilitate entry into the managed care industry. The company focuses on innovative alcohol detection solutions to enhance workplace safety.

SOBR Safe, Inc. (OTC: SOBR), a leader in alcohol policy management solutions, has launched a pilot program with Advance Freight Traffic Service, a freight bill auditing company. The pilot will evaluate SOBRsafe's alcohol screening technology at Advance Freight's Michigan headquarters, aiming for potential adoption in the commercial fleet sector. Advance Freight's president expressed optimism about the technology's impact on fleet safety, while SOBRsafe's chairman noted the alignment with their target market. This partnership could pave the way for broader acceptance of SOBRsafe's solutions.

SOBR Safe, Inc. (OTC: SOBR) announced a pilot program with Continental Services, Michigan's largest food management company, to evaluate its alcohol screening technology. The pilot involves SOBRsafe's touch-based system installed in three locations, focusing on employee enrollment, ease-of-use, and cloud-based reporting. Continental's CEO emphasized the program's goal to enhance safety and potentially reduce insurance costs. SOBRsafe's technology aims to prevent alcohol-related incidents in diverse sectors, with a growing focus on safety and wellness initiatives.

SOBR Safe, Inc. (OTC: SOBR) has launched a pilot program with House Arrest Systems, Inc. (HAS), a leader in electronic monitoring solutions. This partnership aims to introduce SOBRsafe's touch-based alcohol detection technology to industries like trucking and manufacturing, as well as the criminal justice system. HAS, operational since 2010, provides advanced monitoring services across 28 states and Canada. SOBRsafe's system addresses the $249 billion annual cost of alcohol abuse in the U.S. by preventing intoxicated individuals from workplace or vehicle access.