SOBR Safe (SOBR) Closes $8.2M Private Placement

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Go back to SOBR Safe (SOBR) Closes $8.2M Private Placement

SOBRsafe Announces Closing of $8.2 Million Private Placement

October 9, 2024 10:33 AM EDT

DENVER, CO / ACCESSWIRE / October 9, 2024 / SOBR Safe, Inc. (NASDAQ: SOBR) ("SOBRsafe"), provider of next-generation transdermal alcohol detection solutions, today announced the closing of a private placement with certain institutional investors. The aggregate gross cash proceeds were $8.2 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement for general corporate purposes and working capital.

In connection with the private placement, the Company issued an aggregate of 2,024,691 units. Each unit... More