SOBRsafe and Clean World Ventures to Merge, CWV to Hold 98% Stake with $5.5M Financing
SOBRsafe and Clean World Ventures have entered a definitive agreement to merge SOBRsafe’s alcohol monitoring business into CWV, which will own approximately 98% of the combined entity. The deal includes a $5.5 million committed pre-close financing, with $2 million earmarked for SOBRsafe’s operations, and aims to close in Q3 2026.
1. Transaction Overview
SOBRsafe and Clean World Ventures have signed a definitive agreement to combine SOBRsafe’s alcohol monitoring and detection technology business with CWV under the Clean World Ventures name. The combined company will operate the alcohol monitoring and green energy technology units as separate divisions.
2. Ownership Structure and Timeline
Upon closing, CWV shareholders will hold approximately 98% of the merged entity’s equity. The transaction is expected to complete in the third quarter of 2026, pending customary due diligence, regulatory approvals, shareholder consent, and execution of final binding documents.
3. Financing and Operational Plans
The deal incorporates a $5.5 million pre-close financing commitment, of which $2 million will be allocated to SOBRsafe’s operating business upon closing. SOBRsafe intends to continue evaluating strategic alternatives to monetize its alcohol monitoring technology while both businesses maintain independent operations post-merger.