SOBRsafe Inc. SOBR Archives - Page 2 of 5

TuesdayOct 08, 2024 9:00 am

QualityStocksNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Reports on Private Placement Valued at Estimated $8.2M

SOBRsafe (NASDAQ: SOBR), a provider of next-generation, transdermal alcohol-detection solutions, has released certain information regarding a private placement. The placement, which is with certain institutional investors, is projected to result in an estimated $8.2 million for the company, before the deduction of standard fees and costs. SOBRsafe anticipates using the funds for working capital and general corporate purposes. The company plans on issuing 2,024,691 units in connection with the placement, with each unit sold at $4.05. The announcement noted that each unit will comprise one share of common stock (or one prefunded warrant in lieu thereof), two Series A warrants…

WednesdayOct 02, 2024 9:45 am

SOBRsafe Inc. (NASDAQ: SOBR) Announces Moves Undertaken to Ensure Sustained Financial Success Based Upon Recent Positive Results

SOBRsafe CEO and Chairman Dave Gandini recently provided a video update discussing the company’s plans to achieve sustained financial success and build a global legacy The company intends to regain compliance with Nasdaq’s listing requirements by effecting a reverse stock split and issuing a new capital raise to exceed the minimum stockholders’ equity threshold Retaining its Nasdaq listing is seen as critical to attract and raise capital to continue building operations The company has added 35 new accounts in the first and second quarter of the 2024 fiscal year SOBRsafe is also implementing robust sales and marketing strategies to present…

WednesdaySep 25, 2024 9:45 am

SOBRsafe Inc. (NASDAQ: SOBR) Experiencing New Growth After Entering the Behavioral Health Market

SOBRsafe, developer of advanced alcohol detection and monitoring technology, has, after its recent expansion into the behavioral health market, already secured 35 new customer accounts year-to-date The company recently unveiled a national campaign targeting more than 45,000 behavioral health decision makers across the country The campaign is now expected to significantly build the SOBRsafe brand, grow demand and increase the company’s market share SOBRsafe (NASDAQ: SOBR), the developer of advanced transdermal alcohol detection and monitoring technology, has made substantial progress in 2024. The company has secured 35 new customer accounts this year, a substantial increase over 2023. The success followed…

WednesdaySep 18, 2024 3:14 pm

QualityStocksNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Re-Inventing Continuum of Care in Behavioral Health Sector

SOBR Safe (NASDAQ: SOBR) (“SOBRsafe”), the provider of next-generation transdermal alcohol detection solutions, secured 17 customer accounts in the second quarter of 2024, growing its base to 33 new accounts compared to three booked last year. SOBRsafe’s growing list of customers relies on the company’s transdermal technology, which detects and instantaneously reports the presence of alcohol as emitted through a person’s skin. “The new customers have driven SOBRsafe’s revenue up 44% compared to Q2 2023 figures, to $54,191… The recent agreements exemplify the company’s focus on the growing behavioral health market and the progress made since entering this market late…

WednesdayAug 28, 2024 10:59 am

QualityStocksNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Launches Comprehensive B2B Marketing Campaign to Drive Sales Growth into 2025

SOBR Safe (NASDAQ: SOBR) (“SOBRsafe”), a provider of next-generation transdermal alcohol detection solutions, today announced the launch of a new national campaign to introduce the SOBRsafe(TM) technology to behavioral health providers and drive sales growth into 2025. The comprehensive B2B campaign involves partnerships with prominent national agencies across public relations and digital and social media marketing. The campaign is designed to capture over 4,000,000 projected views over 12 months, presenting SOBRsafe to more than 45,000 behavioral health decision makers. “Consistent with our strategy, we established our technology in the behavioral health vertical with our first revenue-generating customers in 2024,” said…

TuesdayAug 27, 2024 9:45 am

SOBRsafe Inc. (NASDAQ: SOBR) Continues to Fortify Its Financial Position and Grow in the Behavioral Health Market

Transdermal alcohol detection solutions provider SOBRsafe is implementing strategies to further strengthen its financial position During Q2 2024, the company eliminated $2.6 million in debt and improved its balance sheet with a capital infusion from the exercise of warrants SOBRsafe has increased its revenue by 44% from Q2 2023 as it continues to onboard new customers in 2024 SOBRsafe (NASDAQ: SOBR), the provider of next-generation transdermal alcohol detection solutions, has continued to implement plans and strategies to strengthen its financial position and restructure shareholder equity throughout the second quarter of its 2024 financial year, according to its recent Q2 2024…

TuesdayAug 13, 2024 9:32 am

QualityStocksNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Releases Q2 2024 Quarterly Update

SOBRsafe (NASDAQ: SOBR), a provider of next-generation, transdermal alcohol-detection solutions, is reporting on its NASDAQ listing, financial positioning and sales progress, noting that the NASDAQ Hearings Panel granted the company an exception period continuing the listing of its common stock on the NASDAQ exchange; the company has until Oct. 23, 2024, to regain compliance with the market’s $1 minimum bid price per share requirement and to demonstrate long-term compliance with the required minimum of $2.5 million in stockholders' equity. The report also noted that the company continues to strengthen its financial position and restructure the composition of its equity. In…

WednesdayJul 03, 2024 12:00 pm

QualityStocksNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Empowering Behavioral Health Providers to Enhance Protocols

SOBR Safe (NASDAQ: SOBR) (“SOBRsafe”), a provider of next-generation transdermal alcohol detection solutions, recently signed a hardware/software agreement with a four-facility behavioral health provider based in Florida. “The customer provides the full continuum of care, from inpatient detox and residential treatment to outpatient services, and has now installed SOBRcheck(TM) in each of its four facilities to enable point-of-care screening. The customer is also evaluating SOBRsafe’s wearable band, SOBRsure(TM), for continuous monitoring in an outpatient application. The new client is one of sixteen new accounts that SOBRsafe, secured during the first quarter of 2024,” a recent article reads. “With SOBRcheck, the…

TuesdayJul 02, 2024 9:45 am

SOBRsafe Inc. (NASDAQ: SOBR) Secures Two New Agreements to Provide Its Next-Generation Transdermal Alcohol Detection Solutions to Customers in Behavioral Health Segment

SOBRsafe recently signed hardware/software agreements with Lighthouse Recovery Resources and Mountain House Recovery, both operating in the U.S. behavioral health segment The two new agreements bring the number of new accounts secured in 2024 to 20, compared to three accounts booked in all of 2023 The company is targeting the behavioral health and justice segments, which mandate the use of alcohol testing According to SOBRsafe’s CEO, while businesses and services in the behavioral health and justice segments already use different alcohol testing technologies, they are hungry for evolved solutions SOBRsafe offers SOBRcheck(TM) and SOBRsure, designed to instantaneously detect and report…

ThursdayJun 06, 2024 2:09 pm

QualityStocksNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Raises ~$2.7M in Warrant Inducement Offering

SOBR Safe (NASDAQ: SOBR) (“SOBRsafe(TM)”), a provider of next-generation transdermal alcohol detection solutions, recently closed on a warrant inducement offering. The company received gross proceeds of $2,786,174 from the transaction. Aegis Capital Corp. acted as the exclusive placement agent for the offering. To view the Form 8-K filing, visit https://ibn.fm/YMiIC About SOBRsafe(TM) Alcohol misuse is the fourth leading cause of preventable death in America, and the seventh worldwide. Yet prevention and monitoring solutions have not kept pace with this epidemic. Legacy technologies are invasive and inefficient, unhygienic and unconnected. There has to be a better way. Enter SOBRsafe(TM), where advanced…

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