Company: SOBR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001477932-25-008092
Chunk: 29

Company: SOBR Safe, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 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. The True-up Payment balance due was paid in full to the remaining holders in July 2025. During the nine months ended September 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 nine months ended September 30, 2025, were determined using the Monte Carlo simulation and Black-Scholes option pricing models based on the following assumptions:   September 30, 2025  September 30,2024 Exercise price $ 7.60 - 8.29  $ 297.00 – 682.00 Dividend yield  0%  0%Volatility 148-156% 147–173%Risk-free interest rate 3.61-3.74% 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 nine months ending September 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  4.0  $8.07  $- W