SOBR Safe, Inc. received a delisting notice from Nasdaq effective September 16, 2026, due to failure to meet the $1.00 minimum bid price and $2.5 million stockholders' equity requirements. The company failed to complete its merger with Clean World Ventures by the October 15, 2026 deadline because Nasdaq listing approval for the combined entity was unlikely in time. Consequently, SOBR will cease trading on Nasdaq and begin quotation on the OTCQB tier under ticker "SOBR" without appealing the delisting decision. The company operates in the safety technology sector.

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.

SOBR Safe, Inc. closed a warrant inducement agreement on July 16, 2026, generating approximately $3.1 million in gross proceeds from the exercise of 2,360,648 existing warrants at $1.30 per share. In exchange, the company issued new Series E and Series F warrants to purchase up to 4,721,296 shares of common stock at $1.30 per share. SOBRsafe is a technology company that provides alcohol monitoring and detection solutions through transdermal technology.

SOBR Safe, Inc. will discontinue its alcohol monitoring and detection hardware and software operations effective July 31, 2026, including the sale of SOBRcheck and SOBRsure devices and SOBRsafe software services. The restructuring plan aims to decrease annual operating costs by approximately $1.2 million, with estimated aggregate costs of $50,000 for severance and decommissioning. These actions are intended to preserve cash to support a proposed business combination with Clean World Ventures, Inc. SOBR Safe, Inc. operates in the alcohol monitoring and detection technology industry.