Item 5.07. Submission of Matters to a Vote of Security Holders.
SOBR Safe, Inc. (the "Company") convened its 2024 Special Stockholder Meeting (the "Special Meeting") virtually on Monday, July 22, 2024 at 1:00 p.m. Mountain Time via webcast at www.virtualshareholdermeeting.com/SOBR2024SM. A quorum was present for the Special Meeting.
Two proposals were described in the Proxy Statement as filed with the Securities and Exchange Commission on June 24, 2024. As of the record date, June 18, 2024, a total of 30,133,154 shares of common stock of the Company were issued and a total of 30,120,825 shares of common stock were outstanding and entitled to vote. The holders of record of 11,381,588 shares of common stock were present or represented by proxy at said meeting for a total of 11,381,588votes represented at the meeting. Such amount represented 37.78% of the total shares outstanding and entitled to vote at the Special Meeting.
At the Special Meeting, the stockholders approved Proposal 1, which was the only proposal submitted to a vote. The final votes on this proposal were cast as set forth below:
1. | Proposal No. 1 - Issuance of Shares upon Conversion of a Common Stock Purchase Warrant. The stockholders approved, for purposes of complying with applicable Nasdaq rules and upon exercise of that certain Common Stock Purchase Warrant dated June 4, 2024, the issuance of up to 20,638,326 shares of common stock of the Company. |
Shares FOR | Shares AGAINST | ABSTAIN | ||
10,708,377 | 639,907 | 33,304 |
Proposal 2, the approval of the adjournment of the Special Meeting for the purpose of soliciting additional proxies if there are not sufficient votes at the Special Meeting to approve Proposal 1 or establish a quorum, was not presented to the stockholders at the meeting, as a quorum had been established and preliminary voting results indicated that Proposal 1 was approved.
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