Company: SOBR
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001477932-25-002746
Chunk: 1318

Company: SOBR Safe, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9B
Chunk 1318
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 the aggregate exercise price on the issuance date for the warrant shares then outstanding. In accordance with the terms of the Series A and Series B Warrant Agreements and determination of the Reset Exercise Price in effect at December 31, 2024, the issuance of 1,603,370 Series A Warrants and 640,864 Series B Warrants. Under the terms of the Warrant Agreements, at the conclusion of the Reset Period and final determination of the Reset Exercise Price on the Reset Date, January 15, 2025, additional Series A and Series B Warrants may be issued.

 F-19Table of Contents

On October 18, 2024, the Company received exercise notices from various institutional investors at a weighted-average exercise price of approximately $47.30. In exchange for the issuance of 19,110 shares of common stock the Company received net proceeds of $902,541.  During December 2024, the Company received exercise notices from various institutional investors at a weighted-average exercise price of approximately $9.60. In exchange for the issuance of 162,129 shares of common stock the Company received net proceeds of $1,652,034. The fair values of stock warrants granted were determined using the Monte Carlo simulation and Black-Scholes option pricing models based on the following assumptions:    December 31, 2024  December 31, 2023 Exercise price  $38.00-682.00   $1,485.00-2,772.00  Dividend yield   0%  0%Volatility  147-173% 162-209%Risk-free interest rate  3.91-4.50% 4.56-4.73%Life of warrants 2.3-5.3 Years   3-5 Years    The following table summarizes the changes in the Company’s outstanding warrants:    WarrantsOutstandingNumber ofShares  Exercise Price PerShare   Weighted Average Remaining Contractual Life  Weighted AverageExercise Price Per Share  Aggregate Intrinsic Value Balance at December 31, 2023  9,642  $1485.00 -9,900.00  4.6 Years  $1,716.00  $- Warrants granted  2,426,413  9.60-297.00  4.8 Years