Sobr safe, inc. announces closing of $6 million private placement priced at-the-market

Denver, co / accesswire / september 30, 2022 / sobr safe, inc. (nasdaq:sobr) (the "company" or "sobrsafe"), providers of industry-leading alcohol screening solutions, today closed its previously announced private placement pursuant to a securities purchase agreement with institutional investors for aggregate gross proceeds of approximately $6 million, before deducting fees to the placement agent and other expenses payable by the company. in connection with the private placement, the company issued 1,925,677 units and 2,128,378 pre-funded units at a purchase price of $1.48 per unit priced at-the-market under nasdaq rules.
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