SOBR Safe (SOBR) said Wednesday it closed a private placement of 2.02 million units at an effective price of $4.05 apiece for about $8.2 million in gross cash proceeds.
Each unit consisted of one common share, two series A warrants and one series B warrant.
The company said it plans to use the net proceeds for general corporate purposes and working capital.
SOBR Safe shares were up more than 10% in recent trading.
Price: 7.58, Change: +0.70, Percent Change: +10.16
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