Aegis Capital Corp. Facilitates $8.2M Private Placement for SOBR Safe, Inc.

Aegis Capital Corp., a prominent investment banking firm, recently served as the exclusive placement agent for SOBR Safe, Inc. (NASDAQ:SOBR) in a successful $8.2 million private placement. This strategic move has significant implications for SOBR Safe's financial position, shareholder dynamics, and future growth prospects.

The private placement involved the issuance of 2,024,691 units, with each unit consisting of one share of common stock, two Series A warrants, and one Series B warrant. The Series A warrants have an initial exercise price of $3.80 per share and a 5-year term, while the Series B warrants have a nominal exercise price and are exercisable until exercised in full. Both warrant series are subject to adjustments upon future dilutive issuances and stock splits.

The private placement has bolstered SOBR Safe's cash position and extended its financial runway, enabling the company to invest in general corporate purposes and working capital. However, the issuance of new units may lead to potential dilution for existing shareholders. The dilution effect will depend on the exercise of the warrants and the subsequent increase in the number of outstanding shares.

The Series A and Series B warrants' terms and conditions may impact SOBR Safe's future share price and market capitalization. If the warrants are exercised, the increased number of shares could lead to a decrease in the share price due to increased supply. However, if the company's performance improves, the warrants could provide additional capital and boost the share price.

Aegis Capital Corp.'s involvement as the exclusive placement agent in this transaction highlights the company's strong connections to the capital markets. This relationship could facilitate SOBR Safe's future access to capital, enabling the company to pursue strategic investments and growth opportunities.

In conclusion, Aegis Capital Corp.'s role as the exclusive placement agent in SOBR Safe's $8.2 million private placement has significant implications for the company's financial position, shareholder dynamics, and future growth prospects. The private placement has strengthened SOBR Safe's cash position and extended its financial runway, while the issuance of new units may lead to potential dilution for existing shareholders. The Series A and Series B warrants' terms and conditions may impact the company's future share price and market capitalization, and Aegis Capital Corp.'s involvement could facilitate SOBR Safe's future access to capital.