SOBRsafe says warrant holders exercise 2,360,648 warrants at reduced $1.05 per share

The company plans to issue unregistered Series E warrants for 2,360,648 shares, exercisable immediately and expiring five years after the resale registration statement becomes effective.

It also plans to issue unregistered Series F warrants for 2,360,648 shares, exercisable immediately and expiring 24 months after that effective date.

SOBRsafe said it agreed to file a resale registration statement covering shares issuable on exercise of the new warrants, with closing expected July 16, 2026.

SOBRsafe says it set agreements for the immediate cash exercise of warrants for 2,360,648 shares, reducing the exercise price to $1.05 from $1.30.

Gross proceeds are expected to be about $3.1 million, including $590,162 tied to new unregistered warrant issuance.