SOBR Safe, Inc. Delisted from Nasdaq; Will Quote on OTCQB

What Happened

• SOBR Safe, Inc. (SOBR) announced it received a Nasdaq delisting notice on September 14, 2026, and its common stock will be removed from the Nasdaq Capital Market at the open of trading on September 16, 2026.
• Nasdaq had previously notified the company of a bid‑price deficiency (closing bid below $1.00) and, later, a stockholders’ equity deficiency below the $2,500,000 minimum. The company previously pursued a hearing and received a conditional extension to September 15, 2026 tied to completing a merger and meeting Nasdaq’s initial listing requirements.
• The company said the Merger with Clean World Ventures, Inc. (agreement dated April 24, 2026) is unlikely to close by the merger cutoff (October 15, 2026), so the Board chose not to appeal the equity deficiency or seek further review of the delisting decision.

Key Details

• Delisting notice dated: September 14, 2026; effective at market open on September 16, 2026.
• Nasdaq deficiencies cited: bid price under $1.00 (Rule 5550(a)(2)) and stockholders’ equity below $2,500,000 (Rule 5550(b)(1)).
• Company history of reverse splits: 1‑for‑110 on Oct 2, 2024 and 1‑for‑10 on Apr 4, 2025 (cumulative 1‑for‑1100), which removed eligibility for the 180‑day cure period.
• Post‑delisting plan: SOBR’s common stock will commence quotation on the OTC Markets under ticker "SOBR"; the company has applied for OTCQB quotation and expects approval in the coming weeks.

Why It Matters

• For investors, delisting from Nasdaq generally reduces liquidity, can widen bid/ask spreads, and may limit access for institutional and retail brokerage services that restrict OTC‑only securities.
• The company’s planned quotation on the OTCQB preserves a trading venue, but OTC trading typically carries higher volatility and lower visibility than Nasdaq.
• The filing confirms the merger intended to regain compliance is unlikely to close before its contractual deadline, removing a potential path back to Nasdaq in the near term.