Investornewsbreaks Sobrsafe Inc. (NASDAQ: SOBR) Enters Into $2.0 Million At-The-Market Private Placement With H.C. Wainwright

(MENAFN- Investor Brand Network) SOBRsafe (NASDAQ: SOBR), the leader in next-generation alcohol monitoring and detection technology, entered into definitive agreements for the issuance and sale of 1,290,324 shares of common stock (or pre-funded warrants in lieu thereof), along with Series C warrants and Series D warrants to purchase up to an aggregate of 1,290,324 additional shares each, at a combined purchase price of $1.55 per share (or pre-funded warrant in lieu thereof) and associated warrants, in a private placement priced at-the-market under Nasdaq rules. The warrants carry an exercise price of $1.30 per share and are exercisable immediately upon issuance, with the Series C warrants expiring five years and the Series D warrants expiring twenty-four months after the effective date of the applicable resale registration statement. H.C. Wainwright & Co. is acting as exclusive placement agent. The offering is expected to generate approximately $2.0 million in gross proceeds, before fees and expenses, with net proceeds intended for working capital and general corporate purposes.

To view the full press release, visit

About SOBRsafe(TM)

Through next-generation alcohol detection technology, we enable trust and empower recovery... with a human touch. SOBRsafe's advanced transdermal (touch-based) technology detects and reports in real-time the presence of alcohol as emitted through a user's skin – no breath, blood, or urine samples are required. With a powerful backend data platform, SOBRsafe provides passive, dignified screening and monitoring solutions for the behavioral health, family law and consumer markets, and for licensing and integration. To learn more, visit .

NOTE TO INVESTORS: The latest news and updates relating to SOBR are available in the company's newsroom at

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