SOBR Safe Reveals Receipt Of $2.8M In Gross Proceeds From Exercise Of Warrants
Portfolio Pulse from Benzinga Newsdesk
SOBR Safe has received $2.8 million in gross proceeds from the exercise of warrants and has settled its remaining debt balances by converting outstanding Notes Payable into 4.358 million shares of Common Stock.
June 06, 2024 | 9:13 pm
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SOBR Safe has received $2.8 million from the exercise of warrants and converted its remaining debt into 4.358 million shares of Common Stock, improving its financial position.
The receipt of $2.8 million in gross proceeds and the conversion of debt into shares significantly improve SOBR Safe's financial health, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100