SOBR Safe to be delisted from Nasdaq Sept. 16
Rhea-AI Filing Summary
SOBR Safe, Inc. (SOBR) reports that Nasdaq has notified the company its common stock will be delisted from the Nasdaq Capital Market at the open of trading on September 16, 2026 due to continued noncompliance with Nasdaq listing standards, including the minimum bid price and stockholders’ equity requirements.
The board decided not to further appeal the delisting or the stockholders’ equity deficiency, citing the Delisting Notice and the conditions in its pending merger with Clean World Ventures, Inc., which include approval of a new Nasdaq listing application that the company believes is unlikely to be satisfied by October 15, 2026.
As of September 16, 2026, SOBR’s common stock will no longer trade on Nasdaq and is expected to begin quotation on the OTC Markets, where the company has applied for listing on the OTCQB tier under the same ticker symbol “SOBR”.
Positive
- None.
Negative
- Nasdaq delisting effective September 16, 2026 removes SOBR Safe, Inc. from the Nasdaq Capital Market and shifts trading to OTC Markets, which can reduce liquidity and visibility.
- The company failed to meet Nasdaq’s $1.00 bid price and $2,500,000 stockholders’ equity standards and chose not to further appeal, signaling ongoing listing standard challenges.
- The merger with Clean World Ventures, Inc. faces a substantial likelihood of not closing by October 15, 2026, risking loss of a potential strategic transaction tied to Nasdaq relisting conditions.
Insights
Analyzing...
8-K Event Classification
2 items: 3.01, 9.01
2 items
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Nasdaq delisting effective date: September 16, 2026
Minimum bid price requirement: $1.00 per share
Minimum stockholders’ equity requirement: $2,500,000
+5 more
8 metrics
Nasdaq delisting effective date
September 16, 2026
Date when SOBR Safe’s common stock will be delisted from the Nasdaq Capital Market
Minimum bid price requirement
$1.00 per share
Nasdaq Listing Rule 5550(a)(2) bid price requirement the company did not meet
Minimum stockholders’ equity requirement
$2,500,000
Nasdaq Listing Rule 5550(b)(1) equity requirement the company fell below as of June 30, 2026
Reverse stock split ratio October 2, 2024
1-for-110
Reverse stock split effected by SOBR Safe on October 2, 2024
Reverse stock split ratio April 4, 2025
1-for-10
Reverse stock split effected by SOBR Safe on April 4, 2025
Cumulative reverse stock split ratio
1-for-1100
Cumulative reverse splits over two years, exceeding Nasdaq’s 1-for-250 threshold for extended relief
Merger termination date
October 15, 2026
Date after which either SOBR Safe or Clean World Ventures may terminate the Merger Agreement
Continued listing deadline granted by Hearings Panel
September 15, 2026
Deadline by which SOBR Safe was to complete the merger and meet Nasdaq Initial Listing Rules
Key Terms
Nasdaq Capital Market, Bid Price Requirement, stockholders’ equity, reverse stock split, +2 more
6 terms
Nasdaq Capital Market market
"its common stock will be delisted from the Nasdaq Capital Market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
Bid Price Requirement regulatory
"regain compliance with the Bid Price Requirement"
A bid price requirement is a rule that specifies the minimum price a buyer must offer per share when making an official purchase proposal, tender offer, auction bid, or similar transaction. It matters to investors because it sets a floor for negotiations and valuation—like a reserve price in an auction—ensuring bids meet regulatory, contract or market standards and helping shareholders and markets judge whether an offer is fair or likely to succeed.
stockholders’ equity financial
"fell below the minimum stockholders’ equity requirement of $2,500,000"
Stockholders’ equity is the portion of a company’s value that belongs to its owners after subtracting what the company owes from what it owns — like the equity in a house after paying the mortgage. For investors it shows the company’s net worth and can indicate financial strength, a cushion against losses, and the amount potentially available to support dividends or reinvestment; tracking changes helps assess whether the business is building or eroding owner value.
reverse stock split market
"the Company effected a 1-for-110 reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Agreement and Plan of Merger and Reorganization regulatory
"the Company entered into an Agreement and Plan of Merger and Reorganization"
OTCQB market
"expects to be approved for quotation of its common stock on the OTCQB tier"
OTCQB is a tier of the over‑the‑counter (OTC) market where smaller or developing companies list their shares for trading without being on a major stock exchange. Think of it like a well‑kept side street market: companies must meet basic reporting and transparency checks so investors get more information than the lowest OTC tier, but trading is usually less liquid and riskier than on big exchanges. Investors care because OTCQB listings can offer early access to growth stories but come with higher price swings and greater chance of limited resale options.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SOBR Safe, Inc. (SOBR) announce about its Nasdaq listing?
SOBR Safe, Inc. announced it received a Nasdaq notice that its common stock will be delisted from the Nasdaq Capital Market at the open of trading on September 16, 2026 after failing to satisfy continued listing standards.
Why is SOBR Safe (SOBR) being delisted from Nasdaq?
Nasdaq cited SOBR Safe’s failure to maintain the $1.00 minimum bid price and failure to meet the $2,500,000 stockholders’ equity requirement, as well as prior large reverse stock splits that limited its eligibility for an extended compliance period.
How do SOBR Safe’s reverse stock splits relate to the Nasdaq decision?
Nasdaq noted SOBR Safe completed a 1-for-110 reverse stock split on October 2, 2024 and a 1-for-10 reverse stock split on April 4, 2025, a cumulative 1-for-1100 ratio. This exceeded the 1-for-250 threshold, making the company ineligible for a standard 180-day bid price compliance period.
What is the status of SOBR Safe’s merger with Clean World Ventures?
The merger requires approval of a Nasdaq Listing Application for the combined company and must close by October 15, 2026. Given the Delisting Notice and timing, the company states it is unlikely these conditions can be met and that the merger will not be consummated before that date.
Why did SOBR Safe (SOBR) stop appealing the Nasdaq equity deficiency?
The board determined it would be in the company’s best interest not to incur additional expense to appeal the stockholders’ equity deficiency or seek review of the delisting decision, given the Delisting Notice and the substantial likelihood the merger will not close by October 15, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
