SOBR Safe (SOBR) Registration filing summary

Company overview and business model

• SOBR Safe developed non-invasive alcohol detection and identity-verification devices linked to its SOBRsafe software platform; legacy products included SOBRcheck and SOBRsure.

• Target uses included behavioral health, commercial safety, fleet and telematics, licensing integrations, and consumer accountability; potential data analytics and insurance applications were described.

• Manufacturing, sales, customer service, and software support for the legacy products were discontinued by July 31, 2026; the filing describes nominal operations and minimal cash assets.

• The proposed merger with Clean World Ventures was terminated by mutual agreement on September 17, 2026; no present acquisition or merger plans were described.

Financial performance and metrics

• Significant operating losses have accumulated since inception, with further losses anticipated for the foreseeable future; future viability depends on additional capital or a completed merger.

• Estimated net operating losses of $58.6 million as of December 31, 2025 were fully reserved; delinquent tax returns and uncertainty over future use were disclosed.

• The audit report for FY2025 and FY2024 financial statements includes an explanatory paragraph regarding ability to continue as a going concern.

Use of proceeds and capital allocation

• No proceeds will be received from selling securityholders’ resales; cash proceeds may be received from warrant exercises, except cashless exercises.

• The July 2026 warrant inducement generated approximately $3.1 million gross proceeds; net proceeds were designated for working capital and general corporate purposes.

• Discontinuing legacy operations was expected to reduce annual operating expenses by approximately $1.2 million, with estimated exit costs of approximately $50,000, to preserve cash for the proposed merger.