Wire
SOBR Safe Raises $3.1 Million From Warrant Exercises
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%
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