SOBR Safe Raises $3.1 Million From Warrant Exercises
MT Newswires Live00:14
SOBR Safe (SOBR) closed the cash exercise of outstanding warrants to purchase up to 2.36 million shares at $1.30 each, generating $3.1 million in gross proceeds, the company said Friday.
In connection with the immediate exercise, the company issued new Series E warrants to purchase up to 2.58 million shares and Series F warrants to purchase up to 2.14 million shares. Both series carry a $1.30 exercise price and are exercisable immediately.
Proceeds will be used for working capital and general corporate purposes, SOBR Safe said.
Price: 0.79, Change: -0.21, Percent Change: -21.00
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.
