Business Context and Reporting Period
This Form 8-K filing by SOBR Safe, Inc. (SOBR) is dated March 19, 2026. The Company is incorporated in Delaware and its common stock trades on The Nasdaq Capital Market under the symbol "SOBR". The report addresses a regulatory notice regarding the Company's continued listing status.
Key Financial Metrics
The filing does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial metric disclosed is the market price of the common stock, which has remained below the $1.00 per share minimum requirement for 30 consecutive business days.
Material Changes
- Delisting Notice: The Company received a deficiency letter from Nasdaq citing failure to meet the minimum bid price requirement (Rule 5550(a)(2)).
- Reverse Stock Splits: The Company executed a 1-for-110 reverse split on October 2, 2024, and a 1-for-10 reverse split on April 4, 2025, resulting in a cumulative ratio of 1-for-1100.
- Compliance Period Ineligibility: Due to the cumulative reverse split ratio exceeding 1-for-250, the Company is ineligible for the standard 180-day compliance period to regain the $1.00 bid price.
Outlook, Risks, and Management Commentary
Management states that the notification has no immediate effect on trading, business operations, or SEC reporting requirements. The Company intends to timely appeal the determination to a hearings panel and plans to submit a compliance plan, which may include effecting another reverse stock split. The appeal will automatically stay any suspension or delisting action pending the hearing. However, the Company explicitly states there is no assurance that it will regain compliance or maintain its listing.
Investor Verification Checklist
- Verify the current trading price of SOBR stock to confirm it remains below the $1.00 threshold.
- Monitor the status of the Company's appeal to the Nasdaq hearings panel.
- Check for future announcements regarding a potential new reverse stock split.
- Review the Company's latest 10-K or 10-Q filings for underlying financial performance data not included in this 8-K.