SOBR Safe, Inc. Soars 71.81% on Reverse Stock Split
Before the BellWednesday, Jul 9, 2025 4:29 am ET
1min readOn July 9, 2025,
Safe, Inc. (SOBR) experienced a significant surge, rising by 71.81% in pre-market trading. This dramatic increase can be attributed to a recent corporate action undertaken by the company.SOBR Safe, Inc. recently performed a 1 for 10 reverse stock split. This action means that shareholders now hold 1 share of SOBR for every 10 shares they previously held. Such corporate actions often lead to increased stock prices as they reduce the number of outstanding shares, making each share more valuable.
This reverse split is a strategic move by SOBR to potentially attract more investors and improve liquidity. By reducing the number of shares, the company aims to meet listing requirements and enhance its market presence. This move is likely to have a positive impact on investor confidence, contributing to the stock's pre-market surge.
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