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SOBRsafe raised $2 million in a private placement to fund operations, using its touch-based alcohol monitoring technology.
SOBRsafe, Inc. (NASDAQ: SOBR) closed a $2 million private placement, issuing shares and warrants to accredited investors at $1.55 per unit.
The company raised gross proceeds of approximately $2 million, which will fund working capital and general corporate purposes.
The offering included Series C and Series D warrants exercisable at $1.30 per share, expiring five years and 24 months after a resale registration statement becomes effective, respectively.
H.C. Wainwright & Co. served as exclusive placement agent.
The securities were sold under Regulation D and are not registered with the SEC, requiring a registration statement for resale.
SOBRsafe’s technology uses transdermal, touch-based detection for real-time alcohol monitoring without breath, blood, or urine samples, serving behavioral health, family law, and consumer markets.
Forward-looking statements are subject to risks and uncertainties.
SOBRsafe recaudó $ 2 millones en una colocación privada para financiar operaciones, utilizando su tecnología de monitoreo de alcohol basada en el tacto.