Mergers & Acquisitions ·
SOBR Safe, Inc. received an additional staff determination letter from Nasdaq notifying the company that its…
SOBRSOBR Safe, Inc.
SOBR Safe, Inc. received an additional staff determination letter from Nasdaq notifying the company that its stockholders' equity fell below the $2,500,000 minimum requirement for continued listing on the Nasdaq Capital Market. This follows a prior deficiency regarding the bid price and cumulative reverse splits of 1-for-1100. The company has until September 15, 2026, to complete a proposed business combination with Clean World Ventures, Inc., and demonstrate compliance with initial listing rules. Concurrently, Mr. Ford Fay resigned from the Board effective August 21, 2026, without disagreement on operations. SOBR Safe, Inc. operates in the safety technology industry, providing solutions for workplace and environmental hazards.