SOBR Safe Shares Plummet as Warrants are Exercised at Reduced Price

Dow Jones07-16

Shares of SOBR Safe plummeted after the company said it entered into agreements to immediately exercise certain outstanding warrants at a reduced price.

Shares dropped 49% to $1.06 a share in after-hours trading. The stock closed up 77% at $2.07, and was down 3.3% this year.

The warrants to purchase up to 2.36 million shares, issued in December, originally had an exercise price of $1.30 a share.

SOBR Safe also said it is issuing around 2.36 million Series E warrants and 2.36 million Series F warrants, each with an exercise price of $1.30 a share.

The company expects to raise about $3.1 million in gross proceeds from the offerings. Net proceeds will be used for working capital and general corporate purposes, including supporting its agreement to merge with Clean World Ventures.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

July 15, 2026 17:40 ET (21:40 GMT)

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