SOBRsafe Announces 1-for-10 Reverse Stock Split

SOBR Safe, Inc., a provider of transdermal alcohol detection solutions, will implement a 1-for-10 reverse stock split. The change, approved by the board, aligns with the range accepted by shareholders in December 2024. Effective at 12:01 a.m. on April 4, 2025, the stock will trade under the existing symbol "SOBR" with a new CUSIP number.

The reverse stock split will consolidate every ten shares into one, reducing outstanding shares from about 15.16 million to approximately 1.52 million. Stockholders will retain the same ownership percentage, with minor adjustments for fractional shares rounded up. All share-equivalent securities will be adjusted proportionately.

Equiniti Trust Company, LLC is managing the stock exchange process. Shareholders with electronic holdings need not act, while those with physical certificates will receive instructions for exchanging pre-split shares. Further details can be accessed in SOBRsafe’s filing with the SEC.