Company: SOBR
Filing Date: 2025-04-04
Form Type: 8-K
Source: 0001477932-25-002463
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Company: SOBR Safe, Inc.
Filing Date: 2025-04-04
Form: 8-K
Item: Item 5.03
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On March 31, 2025, SOBR Safe, Inc., a Delaware corporation (the “ Company”), filed a Certificate of Amendment (the “ Certificate of Amendment”) to the Company’s Certificate of Incorporation, as previously amended, with the Secretary of State of the State of Delaware for the purpose of effecting a 1-for-10 reverse stock split of the Company’s common stock, $0.00001 par value per share (the “ Common Stock”).

Stockholders holding 30.25% of the Company’s then outstanding voting stock approved the Certificate of Amendment on December 9, 2024. The Certificate of Amendment will become effective with the State of Delaware on April 4, 2025. The Common Stock continues to be quoted on the Nasdaq Capital Market under the symbol “ SOBR” and will start trading on a post-split basis on April 4, 2025.

As a result of the reverse stock split to be effected by the Certificate of Amendment, every 10 shares of the outstanding Common Stock prior to the effect of the Certificate of Amendment will be combined and reclassified into one share of the Common Stock. No fractional shares will be issued in connection with the reverse stock split, and any of the Company’s stockholders that would be entitled to receive a fractional share as a result of the reverse stock split will instead receive one additional share of the Common Stock in lieu of the fractional share. The reverse stock split will not in itself affect any stockholder’s ownership percentage of the Common Stock, except to the extent that any fractional share will be rounded up to the nearest whole share. The Company’s post-reverse stock split Common Stock has a new CUSIP number, 833592 405, but the par value and all other terms of the Common Stock will not be affected by the reverse stock split.

The foregoing description of the Certificate of Amendment and the reverse stock split set forth above does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Amendment, a copy of which is filed as Exhibit 3.1 hereto and incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.