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SOBR Safe, Inc. (SOBR) AI Stock Summary

Pending reverse merger and halted operations

Updated

Snapshot

SOBR Safe is a distressed micro-cap that has ceased operations and run out of cash. The company generates only $437K in revenue, but it costs more to make its products than it sells them for, leading to a negative gross margin. It burns $7M annually and has already exhausted its cash cushion. The company is now a shell for a proposed merger with Clean World Ventures, a green hydrogen firm. This deal will dilute current shareholders to 1.7% ownership and requires a reverse stock split to satisfy Nasdaq rules.

What's Happening Right Now

  • Sun 12th Jul '26 · Operations Halted: The Board approved a plan to discontinue all revenue-generating operations related to its alcohol monitoring hardware and software effective July 31, 2026, to preserve cash for the Clean World Ventures merger.
  • Tue 9th Jun '26 · Merger Terms: SOBR filed an S-4 for a reverse merger with Clean World Ventures, where current SOBR shareholders will be diluted to approximately 1.7% ownership and a reverse stock split of up to 1-for-25 is proposed to meet Nasdaq listing rules.
  • Wed 27th May '26 · Delisting Risk: Nasdaq granted a stay of delisting until September 15, 2026, but continued listing is conditional on completing the business combination and regaining compliance with initial listing rules.

Ownership

Institutions hold 4.4% of shares, while insiders hold 0.0%.

Bottom Line

SOBR Safe is not an operating business right now, it is a distressed shell. The alcohol detection unit has negative gross margins and the company has exhausted its cash runway, prompting a shutdown of all operations to preserve cash for a merger. The pending deal with Clean World Ventures will massively dilute current shareholders to 1.7% ownership and requires a reverse stock split to prevent delisting.

AI-generated summary of public SEC filings, market data and news about SOBR Safe, Inc. It may contain errors and is not investment advice.

View the full SOBR company page