Sobrsafe completing strategic refinance of maturing debt

Further stabilizing financial position, accelerating product enhancements denver, co / accesswire / march 7, 2023 / sobr safe, inc. (nasdaq:sobr) (sobrsafe™), providers of industry-leading alcohol detection solutions, today announced it has signed a securities purchase agreement to issue to certain investors $3.5 million aggregate principal amount of convertible senior notes due 2025 (the "notes") and accompanying warrants (the "warrants") to purchase approximately 0.38 million shares of common stock. the company intends to replace approximately $2.5 million in existing maturing debt.
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