SOBR Safe, Inc. - SOBR STOCK NEWS

SOBRsafe has successfully launched its innovative solution, SOBRcheck, at the NDASA conference in May 2022. This touch-based alcohol detection system aims to combat alcohol abuse in safety-sensitive positions. The product has received positive feedback from insurers and users, leading to potential insurance discounts for clients. With the annual cost of alcohol abuse in the U.S. at $249 billion, SOBRcheck offers a preventative approach that could transform workplace safety.

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.

SOBR Safe, Inc. (NASDAQ:SOBR) has successfully completed its underwritten public offering of 2,352,942 units at a price of $4.25 per unit, generating $10 million in gross proceeds. Each unit consists of one share of common stock and two warrants, with an exercise price of $4.25. The offering included a 45-day over-allotment option for the underwriter, Aegis Capital Corp., which exercised part of this option. The funds are expected to support SOBRsafe's innovative alcohol policy management solutions, aimed at enhancing workplace safety.

SOBR Safe, Inc. (OTC: SOBR) has priced its public offering of 2,352,942 units at $4.25 each, aiming for gross proceeds of $10 million. Each unit includes one share of common stock and two warrants, exercisable immediately at the same price. Aegis Capital Corp. has a 45-day option to purchase additional shares or warrants. The offering closes around May 18, 2022, with an expected total gross of $11.5 million if fully exercised. Additionally, SOBR's common stock will start trading on the Nasdaq Capital Market under the ticker "SOBR" on May 16, 2022.

SOBR Safe, Inc. (OTC: SOBR) announced the hiring of Jerry Wenzel as Chief Financial Officer, bringing over 40 years of experience in financial management. Previously, Jerry served as CFO for multiple companies, enhancing SOBRsafe's leadership team aimed at driving revenue growth and strategic expansion. The company focuses on innovative solutions for alcohol policy management, with a technology capable of detecting alcohol and ensuring workplace safety. SOBRsafe addresses the $249 billion annual cost of alcohol abuse in the U.S., with a unique touch-based verification system.

SOBR Safe, Inc. (OTC: SOBR) has appointed Michael Watson as the Chief Revenue Officer, effective Nov. 16, 2021. With over 25 years in sales and marketing, Watson is tasked with driving revenue for the company. He previously developed a healthcare product generating over $1 billion in savings and $50 million in revenue. Watson's focus at SOBR includes enhancing economic arguments for the company's technology, which aims to help businesses save up to 20% on insurance costs. SOBR Safe's innovative alcohol detection solutions target various industries to reduce alcohol-related accidents.

SOBR Safe, Inc. (OTC: SOBR) has successfully closed a $3 million financing round through a convertible debenture and warrants to purchase up to 1,219,512 shares at $2.00 each. This funding comes at a pivotal moment as the company prepares for commercial manufacturing of its innovative alcohol detection technology, with pilot testing already underway. SOBR Safe's system aims to combat alcohol abuse, which costs the U.S. economy $249 billion annually, targeting various applications from workplaces to young drivers.