NetworkNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR
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Posted On: 10/08/2024 4:39:41 PM
NetworkNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Reports on Private Placement Valued at Estimated $8.2M
SOBRsafe (NASDAQ: SOBR), a provider of next-generation, transdermal alcohol-detection solutions, has released certain information regarding a private placement. The placement, which is with certain institutional investors, is projected to result in an estimated $8.2 million for the company, before the deduction of standard fees and costs. SOBRsafe anticipates using the funds for working capital and general corporate purposes. The company plans on issuing 2,024,691 units in connection with the placement, with each unit sold at $4.05. The announcement noted that each unit will comprise one share of common stock (or one prefunded warrant in lieu thereof), two Series A warrants and one Series B warrant. The placement is expected to close today and is subject to customary closing conditions. Aegis Capital Corp. is acting as placement agent for the private placement.
NOTE TO INVESTORS: The latest news and updates relating to SOBR are available in the company’s newsroom at http://nnw.fm/SOBR
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
SOBRsafe (NASDAQ: SOBR), a provider of next-generation, transdermal alcohol-detection solutions, has released certain information regarding a private placement. The placement, which is with certain institutional investors, is projected to result in an estimated $8.2 million for the company, before the deduction of standard fees and costs. SOBRsafe anticipates using the funds for working capital and general corporate purposes. The company plans on issuing 2,024,691 units in connection with the placement, with each unit sold at $4.05. The announcement noted that each unit will comprise one share of common stock (or one prefunded warrant in lieu thereof), two Series A warrants and one Series B warrant. The placement is expected to close today and is subject to customary closing conditions. Aegis Capital Corp. is acting as placement agent for the private placement.
NOTE TO INVESTORS: The latest news and updates relating to SOBR are available in the company’s newsroom at http://nnw.fm/SOBR
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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