SOBRsafe Raises $3.1 Million Through Warrant Exercise Agreements to Bolster Working Capital

SOBRsafe Inc. (NASDAQ: SOBR), a provider of advanced alcohol detection technology, has entered into definitive agreements for the immediate exercise of certain outstanding warrants at a reduced exercise price of $1.05 per share. The transaction is expected to generate gross proceeds of approximately $3.1 million before fees and expenses, according to a press release. In connection with the offering, the company will issue new unregistered Series E and Series F warrants to purchase an aggregate of 4.7 million shares. The offering is expected to close on or about July 16, 2026, with net proceeds designated for working capital and general corporate purposes. H.C. Wainwright & Co. is serving as the exclusive placement agent.

This capital infusion is significant for SOBRsafe as it positions the company to strengthen its financial foundation and advance its mission of providing next-generation alcohol detection solutions. The company’s technology uses transdermal (touch-based) detection to identify the presence of alcohol emitted through a user’s skin in real time, eliminating the need for breath, blood, or urine samples. This innovative approach is designed to offer passive, dignified screening and monitoring for the behavioral health, family law, and consumer markets, as well as for licensing and integration opportunities.

For Texas, where SOBRsafe is headquartered in Austin, this development underscores the state’s role as a hub for cutting-edge health technology companies. The additional working capital could enable SOBRsafe to scale its operations, invest in research and development, and expand market reach, potentially creating jobs and economic activity in the region. The company’s technology addresses critical needs in public safety and recovery support, particularly for individuals in behavioral health programs or family law cases where alcohol monitoring is required.

The transaction also highlights investor confidence in SOBRsafe’s growth trajectory. By exercising warrants at a reduced price, existing investors are doubling down on the company’s prospects. The new warrants issued could further incentivize long-term investment, aligning stakeholders with the company’s strategic goals.

For more details on the offering, the full press release is available at https://nnw.fm/jzJjF. To learn more about SOBRsafe and its technology, visit www.sobrsafe.com. The latest news and updates on SOBR are also available in the company’s newsroom at https://nnw.fm/SOBR.