Aegis Capital Corp. acted as Exclusive Placement Agent on an $8.2 Million Private Placement for SOBR Safe, Inc. (NASDAQ:SOBR)
Rhea-AI Summary
SOBR Safe, Inc. (NASDAQ:SOBR) has successfully completed a private placement of $8.2 million, with Aegis Capital Corp. acting as the exclusive placement agent. This financial transaction, announced on October 9, 2024, represents a significant capital raise for the company. The private placement structure suggests that the shares were offered to a select group of investors rather than the general public.
While the press release does not provide details on the specific use of funds or the terms of the placement, such capital raises are typically used to support company growth, fund research and development, or strengthen the balance sheet. For SOBR Safe, this injection of capital could potentially accelerate its business initiatives and enhance its market position.
Positive
- Successful completion of an $8.2 million private placement
- Engagement of Aegis Capital Corp. as exclusive placement agent, potentially leveraging their expertise and investor network
Negative
- Potential dilution of existing shareholders' equity due to the issuance of new shares in the private placement
News Market Reaction 1 Alert
On the day this news was published, SOBR gained 4.80%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, NY / ACCESSWIRE / October 9, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on an
About SOBR Safe, Inc.
SOBR Safe, Inc., a hardware and software company, develops non-invasive alcohol detection, biometric identity verification, and real-time cloud-based alerts and reporting systems in North America. The company provides SOBRcheck, a stationary identification and alcohol monitoring product; and SOBRsure, a transdermal, alcohol-detecting wearable band. It also offers SOBRSafe, a software platform for non-invasive alcohol detection and identity verification solution for applications in probation management, fleet and facility, alcohol rehabilitation, and youth drivers. SOBR Safe, Inc. was founded in 2004 and is headquartered in Greenwood Village, Colorado.
For more information, visit https://sobrsafe.com
About Aegis Capital Corporation
Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research, sales and trading services to institutional and retail investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.
For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.
Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.
SOURCE: Aegis Capital Corp.
View the original press release on accesswire.com
FAQ
How much capital did SOBR Safe (NASDAQ:SOBR) raise in its recent private placement?
Who acted as the placement agent for SOBR Safe's (NASDAQ:SOBR) $8.2 million private placement?
When was SOBR Safe's (NASDAQ:SOBR) $8.2 million private placement announced?
What type of offering did SOBR Safe (NASDAQ:SOBR) complete to raise $8.2 million?
