SOBR Safe, Inc. Enters Warrant Inducement; Raises ≈$3.1M

What Happened SOBR Safe, Inc. announced on July 15, 2026 that it entered into a warrant inducement agreement; the transactions closed July 16, 2026. Holders exercised an aggregate of 2,360,648 existing warrants at $1.30 each, generating gross proceeds of approximately $3.1 million. In exchange, the company issued new warrants (Series E and Series F) to purchase up to 4,721,296 shares at $1.30 per share, and agreed to placement agent compensation including cash fees and placement agent warrants.

Key Details

• Existing warrants exercised: 2,360,648 shares at $1.30 per share; gross proceeds ≈ $3.1M (before fees and expenses).
• New warrants issued: up to 4,721,296 shares (Series E: 2,580,648; Series F: 2,140,648) at $1.30 per share.
• Placement agent terms: H.C. Wainwright received 7.5% cash fee of gross proceeds, 1.0% management fee, $50,000 accountable expenses, $35,000 non-accountable expenses and a $15,950 clearing fee; placement agent also received warrants to buy up to 177,049 shares at $1.625.
• Registration and resale: resale of Existing Warrant underlying shares is covered by an S-1 effective Jan 21, 2026; company must file a resale registration (Form S-3 or other) for the New Warrant Shares within 30 days and use best efforts to have it declared effective within 90 (120 if full review) days.
• Exercise mechanics & limits: New Warrants exercisable at $1.30; Series E expire 5 years and Series F 24 months after the resale registration becomes effective. Holders face ownership caps (4.99% default or 9.99% election) and may cashlessly exercise if resale registration isn’t effective.

Why It Matters This transaction provides SOBR with immediate cash (~$3.1M gross) to use for general corporate purposes while creating potential future dilution: the New Warrants could convert into up to 4.72M shares and placement agent warrants add another 177k shares, meaning these arrangements could lead to issuance of roughly 7.08M additional shares related to the exercised and issued warrants. Investors should note the timing and effectiveness of the resale registration (required for holders to freely sell shares) and the placement agent compensation and warrants, all of which affect dilution and potential liquidity.