Business Context and Reporting Period
Company: SOBR Safe, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 27, 2021
Reporting Period: Single event date (September 27, 2021)
Business Context: The filing discloses a material financing event under Regulation FD (Item 7.01). The company is a Delaware corporation with principal executive offices in Boulder, CO.
Key Financial Metrics
This filing is a current report regarding a specific event and does not contain comprehensive financial statements (e.g., revenue, profit, cash flow, or margins) for a reporting period.
- Financing Secured: $3.0 million
- Investor: A leading healthcare fund
- Conditions: Subject to customary closing conditions
- Debt/Liquidity Impact: The filing does not provide current debt levels or liquidity ratios, only the announcement of the new capital raise.
Material Changes
The primary material change reported is the securing of a $3.0 million financing. No comparative financial data or changes in operational metrics versus prior periods are provided in this document.
Guidance, Outlook, and Risks
Management Commentary: The company announced the financing via a press release (Exhibit 99.1). The funds are intended to support the company's operations, though specific strategic allocation is not detailed in the 8-K text itself.
Risks and Contingencies: The financing is explicitly stated to be "subject to customary closing conditions." Until these conditions are met, the transaction is not final.
Legal Disclaimer: The information in Item 7.01 and the attached press release is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference unless expressly stated.
Investor Verification Checklist
- Verify the status of the "customary closing conditions" to confirm if the $3.0 million financing has been finalized.
- Review the attached Press Release (Exhibit 99.1) for details on the use of proceeds and the identity of the healthcare fund.
- Check subsequent filings (e.g., 10-Q or 10-K) for the actual impact of this financing on the company's cash position and balance sheet.
- Confirm if the company has any other outstanding debt obligations not mentioned in this event-driven report.