Investing.com -- Sobr Safe Inc (NASDAQ:SOBR) stock tumbled 11.4% in premarket trading Friday, retreating after the alcohol monitoring technology company announced a private placement to raise approximately $2 million.
The company said it has entered into definitive agreements to sell 1,290,324 shares of common stock (or pre-funded warrants) along with Series C and Series D warrants at a purchase price of $1.55 per share. The warrants will have an exercise price of $1.30 per share and will be exercisable immediately upon issuance.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering, which is expected to close around December 29, 2025. Sobr Safe intends to use the net proceeds for working capital and general corporate purposes.
The Series C warrants will expire five years after the effective date of the resale registration statement, while the Series D warrants will expire after 24 months.
Friday’s premarket decline follows a significant 82.3% surge in Sobr Safe’s stock during trading hours on December 24, 2025, when the private placement was announced, suggesting the current movement may represent a slight correction after the initial rally.
Sobr Safe describes itself as "the leader in next-generation alcohol monitoring and detection technology" and trades on the Nasdaq under the ticker SOBR.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
























