NewsRamp is a PR & Newswire Technology platform that enhances press release distribution by adapting content to align with how and where audiences consume information. Recognizing that most internet activity occurs outside of search, NewsRamp improves content discovery by programmatically curating press releases into multiple unique formats—news articles, blog posts, persona-based TLDRs, videos, audio, and Zero-Click content—and distributing this content through a network of news sites, blogs, forums, podcasts, video platforms, newsletters, and social media.
FAQ: SOBRsafe's $2.0 Million Private Placement and Company Overview
TL;DR
SOBRsafe's $2.0 million private placement provides capital to scale its non-invasive alcohol detection technology, offering investors early access to a growing behavioral health market.
SOBRsafe issued 1,290,324 shares at $1.55 each with warrants exercisable at $1.30, generating $2.0 million for working capital through H.C. Wainwright & Co.
SOBRsafe's touch-based alcohol monitoring enables dignified recovery support, helping individuals rebuild trust and improve safety in behavioral health and family law contexts.
SOBRsafe detects alcohol through skin contact without breath or blood samples, using transdermal technology for real-time monitoring in consumer and professional markets.
Found this article helpful?
Share it with your network and spread the knowledge!
SOBRsafe Inc. (NASDAQ: SOBR) has closed a $2.0 million at-the-market private placement, issuing 1,290,324 shares of common stock (or pre-funded warrants) along with Series C and Series D warrants for up to 2,580,648 additional shares.
The company generated approximately $2.0 million in gross proceeds before fees and expenses, with the offering priced at $1.55 per share and associated warrants exercisable at $1.30 per share.
H.C. Wainwright & Co. acted as the exclusive placement agent, and Aegis Capital Corp. received a cash tail fee for their involvement.
The net proceeds are intended for working capital and general corporate purposes to support the company's operations and initiatives.
SOBRsafe provides next-generation transdermal (touch-based) alcohol detection technology that detects and reports in real-time the presence of alcohol as emitted through a user's skin, requiring no breath, blood, or urine samples.
The company provides screening and monitoring solutions for behavioral health, family law, and consumer markets, and offers its technology for licensing and integration.
You can visit their website at www.sobrsafe.com or access the latest news and updates in the company's newsroom at https://ibn.fm/SOBR.
InvestorWire is a specialized communications platform that provides advanced wire-grade press release syndication, article and editorial syndication to 5,000+ outlets, press release enhancement, social media distribution, and tailored corporate communications solutions for private and public companies.
The full press release is available at https://ibn.fm/EIrT2.
Curated from InvestorBrandNetwork (IBN)
