SOBRsafe announces 1-for-110 reverse stock split

SOBR Safe will proceed with a 1-for-110 reverse stock split of its outstanding shares of common stock following approval by its board of directors. This ratio is within the range approved by stockholders at the annual meeting of SOBRsafe’s shareholders held on June 3, 2024. The Reverse Stock Split is expected to become effective at 12:01 a.m., Eastern Time, on October 2, 2024. SOBRsafe expects the Common Stock will begin trading on a post-split basis at the market open on October 2, 2024, under the existing symbol “SOBR” with the new CUSIP number 833592 306. The primary goal of the Reverse Stock Split is to increase the per share market price of the Common Stock to regain compliance with Nasdaq’s minimum bid price requirement for continued listing on The Nasdaq Capital Market.