Company: SOBR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001477932-25-005544
Chunk: 52

Company: SOBR Safe, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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7.60 per share resulting in an additional 110,273 warrants issued to the remaining warrant holders. Further, should the resulting closing share price be below the Floor Price during a period of five trading days after the Share Combination Event, the calculated difference between the lowest volume-weighted average price (“VWAP”) of the Company’s stock during the five-trading day period and the Floor Price of the then outstanding Series A Warrants outstanding shall be paid pro rata to the remaining holders of the warrants (the “True-up Payment”), not to exceed $1,640,000. The lowest VWAP during the trading period of $4.71 was determined to be below the Floor Price resulting in a True-up Payment due to the remaining holders of $1,640,000. During the six months ended June 30, 2025, the Company received exercise notices from various institutional investors at a weighted average exercise price of approximately $8.39. In exchange for the issuance of 579,219 shares of common stock, the Company received net proceeds of $3,680,411. The fair values of stock warrants granted during the six months ended June 30, 2025, were determined using the Monte Carlo simulation and Black-Scholes option pricing models based on the following assumptions:   June 30, 2025  June 30,2024 Exercise price $7.60 - 8.29   $297.00 – 682.00  Dividend yield  0%  0%Volatility  164% 147–173%Risk-free interest rate 3.68-3.79% 4.13–4.50%Expected life (years)  4.3  2.3 – 5.3  The following tables summarize the changes in the Company’s outstanding warrants during the six-month periods ended June 30, 2025:    WarrantsOutstandingNumberof Shares  Exercise PricePer Share  Weighted Average Remaining Contractual Life (Years)  Weighted AverageExercise PricePer Share  AggregateIntrinsic Value Balance at December 31, 2024  1,563,182  $9.60 – 4,675.00   4.8  $10.40  $- Warrants granted  356,405  $7.60 – 8.29   4.