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 https://ibn.fm/RC1sW

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 www.sobrsafe.com.

NOTE TO INVESTORS: The latest news and updates relating to SOBR are available in the company’s newsroom at https://ibn.fm/SOBR

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This contant was orignally distributed by InvestorBrandNetwork (IBN). Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is InvestorNewsBreaks – SOBRsafe Inc. (NASDAQ: SOBR) Enters into $2.0 Million At-the-Market Private Placement with H.C. Wainwright.