SOBR Safe, Inc. 8-K

What Happened SOBR Safe, Inc. (SOBR) reported that Nasdaq notified the company on March 19, 2026 that its common stock had closed below the $1.00 minimum bid price for 30 consecutive business days, triggering a potential delisting under Nasdaq Rule 5550(a)(2). Because the company effected cumulative reverse stock splits of 1-for-110 (Oct 2, 2024) and 1-for-10 (Apr 4, 2025) for a cumulative 1-for-1100 ratio, SOBR was ineligible for the standard 180-day compliance period under Rule 5810(c)(3)(A). The company requested a hearing on March 26, 2026, received a stay of delisting on March 30, 2026, and after a hearing on April 28, 2026, the Nasdaq Hearings Panel on May 21, 2026 granted continued listing through September 15, 2026 — conditioned on completing the proposed business combination with Clean World Ventures, Inc. and demonstrating compliance with Nasdaq’s Initial Listing Rules by that date.

Key Details

• Nasdaq deficiency letter received March 19, 2026 for violating the $1.00 minimum bid price rule (Rule 5550(a)(2)) for 30 consecutive business days.
• Cumulative reverse splits: 1-for-110 (Oct 2, 2024) and 1-for-10 (Apr 4, 2025) → cumulative 1-for-1100; this disqualifies SOBR from the 180-day cure period under Rule 5810(c)(3)(A).
• Company filed for a hearing on March 26, 2026; stay of delisting granted March 30, 2026; hearing held April 28, 2026.
• Nasdaq Hearings Panel granted continued listing until September 15, 2026, conditioned on completing the Clean World Ventures, Inc. business combination and meeting Nasdaq Initial Listing Rules by that date.

Why It Matters This filing informs investors that SOBR has avoided immediate delisting but faces a firm deadline to regain compliance. The company must complete the specified business combination and meet Nasdaq’s initial listing standards by September 15, 2026 or risk delisting, which could reduce liquidity and limit where shares can trade. Retail investors should monitor progress on the Clean World Ventures transaction, the company’s stock price relative to the $1 bid requirement, and any further Nasdaq communications.