Recent Updates — SOBR
SOBR Safe, Inc. received notice on September 14, 2026, that Nasdaq would delist its common stock due to non-compliance with listing standards. Trading was suspended on September 16, 2026, and the company began trading on the OTC Pink Limited Market under the symbol SOBR. On October 2, 2026, the company issued a press release clarifying that it is exploring options but has not decided to dissolve, while postponing its 2026 Annual General Meeting until further notice. The company operates in the behavioral health and consumer safety technology sector, providing transdermal alcohol detection solutions.
SOBR Safe, Inc. terminated its previously announced Agreement and Plan of Merger with Clean World Ventures, Inc., effective September 17, 2026. The parties executed a Mutual Termination Agreement and Release, mutually releasing claims related to the merger except for breaches of the termination agreement or the April 6, 2026 Non-Disclosure Agreement, which remains in effect. Consequently, SOBR Safe will withdraw its Form S-4 registration statement initially filed on June 9, 2026. The company operates in the safety technology sector.
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.