Sobr Safe Shares Soar 89% After Withdrawing Public Offering

Dow Jones10-18

By Connor Hart

Shares of Sobr Safe surged after the company withdrew a contemplated public offering of units.

The stock rallied 89% to $15 in after-hours trading Thursday. Shares, which ended the regular session up 0.4% to $7.95, have fallen 84% this year.

The Greenwood Village, Colo., company, which makes alcohol-screening products, requested the Securities and Exchange Commission withdraw a proposed public offering from last month, and said it had decided not to pursue the transaction at this time.

The offering would have had the company sell an undisclosed number of units at an undisclosed cost, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

October 17, 2024 18:48 ET (22:48 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2476076450?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-18 06:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2476076450","market":"hk","top_or_hot":-1,"title":"Sobr Safe Shares Soar 89% After Withdrawing Public Offering","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Connor Hart \n</p>\n<p>\n  Shares of Sobr Safe surged after the company withdrew a contemplated public offering of units. \n</p>\n<p>\n  The stock rallied 89% to $15 in after-hours trading Thursday. Shares, which ended the regular session up 0.4% to $7.95, have fallen 84% this year. \n</p>\n<p>\n  The Greenwood Village, Colo., company, which makes alcohol-screening products, requested the Securities and Exchange Commission withdraw a proposed public offering from last month, and said it had decided not to pursue the transaction at this time. \n</p>\n<p>\n  The offering would have had the company sell an undisclosed number of units at an undisclosed cost, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock. \n</p>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 17, 2024 18:48 ET (22:48 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sobr Safe Shares Soar 89% After Withdrawing Public Offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSobr Safe Shares Soar 89% After Withdrawing Public Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-18 06:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Connor Hart \n\n\n  Shares of Sobr Safe surged after the company withdrew a contemplated public offering of units. \n\n\n  The stock rallied 89% to $15 in after-hours trading Thursday. Shares, which ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4157","symbol_name":"电子设备和仪器","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2476076450","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476076450","pubTimestamp":1729205280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Sobr Safe surged after the company withdrew a contemplated public offering of units.The stock rallied 89% to $15 in after-hours trading Thursday. Shares, which ended the regular session up 0.4% to $7.95, have fallen 84% this year.The Greenwood Village, Colo., company, which makes alcohol-screening products, requested the Securities and Exchange Commission withdraw a proposed public offering from last month, and said it had decided not to pursue the transaction at this time.The offering would have had the company sell an undisclosed number of units at an undisclosed cost, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4157":"电子设备和仪器","SOBR":"SOBR SAFE INC."},"translate_title":"撤回公开发行后Sobr Safe股价飙升89%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOBR":0.9},"content_text":"By Connor Hart \n\n\n  Shares of Sobr Safe surged after the company withdrew a contemplated public offering of units. \n\n\n  The stock rallied 89% to $15 in after-hours trading Thursday. Shares, which ended the regular session up 0.4% to $7.95, have fallen 84% this year. \n\n\n  The Greenwood Village, Colo., company, which makes alcohol-screening products, requested the Securities and Exchange Commission withdraw a proposed public offering from last month, and said it had decided not to pursue the transaction at this time. \n\n\n  The offering would have had the company sell an undisclosed number of units at an undisclosed cost, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock. \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 17, 2024 18:48 ET (22:48 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2476076450"}