Aegis Capital Corp. acted as Lead Bookrunning Manager on a $10 Million Public Offering and Uplisting to the Nasdaq for SOBR Safe, Inc. (NASDAQ: SOBR)

Rhea-AI Summary

Aegis Capital Corp. served as the Lead Bookrunning Manager for a $10 Million Public Offering and Uplisting to the Nasdaq for SOBR Safe (NASDAQ:SOBR) on May 18, 2022. SOBR Safe is addressing the $249 billion annual cost of alcohol abuse in the U.S. with its innovative alcohol detection and identity verification technology. This patent-pending solution targets commercial fleets and workplaces to enhance safety by preventing intoxicated individuals from operating machinery or vehicles. The technology aims to foster a culture of prevention across various industries.

Positive

• Successfully raised $10 million to enhance operations and technology development.
• Uplisting to Nasdaq may improve visibility and investor interest.
• The proprietary alcohol detection technology addresses a significant market need.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / May 18, 2022 / Aegis Capital Corp. acted as Lead Bookrunning Manager on a $10 Million Public Offering and Uplisting to the Nasdaq for SOBR Safe, Inc. (NASDAQ:SOBR).

About SOBR Safe, Inc.

The annual cost of alcohol abuse in the U.S. is $249 billion. Nearly half of all industrial accidents with injuries are alcohol-related, and 1-in-10 U.S. commercial drivers test positive for alcohol (the highest rate worldwide). In response, SOBRsafe™ has developed a proprietary, touch-based identity verification, alcohol detection and cloud-based reporting system. The technology is transferable across innumerable form factors, including stationary access control, personal wearables and for telematics integration. A preventative solution in a historically reactive industry, it is being deployed for commercial fleets and workplaces; other intended applications include managed care and young drivers. This patent-pending alcohol detection solution helps prevent an intoxicated worker from taking the factory floor, or a driver the vehicle keys. An offender is immediately flagged, and the employer (or parent, rehab sponsor, etc.) is empowered to take the appropriate action. At SOBRsafe, we are creating a culture of prevention.

For more information, please visit www.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 and sales and trading services to institutional 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.

www.aegiscapcorp.com

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 source version on accesswire.com:
https://www.accesswire.com/701903/Aegis-Capital-Corp-acted-as-Lead-Bookrunning-Manager-on-a-10-Million-Public-Offering-and-Uplisting-to-the-Nasdaq-for-SOBR-Safe-Inc-NASDAQ-SOBR

FAQ

What is the amount raised in SOBR Safe's public offering?

SOBR Safe raised $10 million in its public offering.

When did SOBR Safe uplist to Nasdaq?

SOBR Safe uplisted to Nasdaq on May 18, 2022.

How does SOBR Safe's alcohol detection technology work?

SOBR Safe's technology is a touch-based identity verification and alcohol detection system that helps prevent intoxicated individuals from operating vehicles or machinery.

What is the significance of the $249 billion cost of alcohol abuse?

This figure highlights the substantial economic impact of alcohol abuse in the U.S., underscoring the market need for SOBR Safe's technology.