Company Improves Balance Sheet With Additional Capital to Support Proposed Merger
DENVER, CO / ACCESS Newswire / July 17, 2026 / SOBR Safe, Inc. (Nasdaq:SOBR) ("SOBRsafe" or the "Company"), the leader in next-generation alcohol monitoring and detection technology, today announced the closing of its previously announced exercise of certain outstanding warrants to purchase up to an aggregate of 2,360,648 shares originally issued in December 2025, having an exercise price of $1.30 per share. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on Form S-1 (No. 333-292709).
H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
In consideration for the immediate exercise of the warrants for cash, the Company issued new unregistered Series E warrants to purchase up to 2,580,648 shares of common stock and new unregistered Series F warrants to purchase up to 2,140,648 shares of common stock. The Series E new warrants have an exercise price of $1.30 per share, are exercisable immediately and will expire five years after the effective date of the Resale Registration Statement (as defined below). The Series F new warrants have an exercise price of $1.30 per share, are exercisable immediately and will expire twenty-four months after the effective date of the Resale Registration Statement (as defined below).
The aggregate gross proceeds to the Company from the offering were approximately $3.1 million, before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.
The new warrants described above were offered in a private placement pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933, as amended (the "Act") and, along with the shares of common stock issuable upon their exercise, have not been registered under the Act, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission ("SEC") or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC covering the resale of the shares of common stock issuable upon exercise of the new warrants (the "Resale Registration Statement").
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.