Sobr Safe Inc's (NYSE:SOBR) shares tumbled in after-hours trading on Wednesday after the company announced a discounted warrant exercise expected to raise approximately $3.1 million in gross proceeds.
SOBR Safe closed Wednesday's regular session at $2.07, up 76.92%.
In after-hours trading, the stock fell 51.21% to $1.01.
SOBR Safe develops touch-based alcohol detection and monitoring technology for the behavioral health, family law and consumer markets. $3.1 Million Warrant Exercise SOBR Safe announced definitive agreements for the immediate exercise of certain outstanding warrants to purchase up to nearly 2.4 million shares that were originally issued in December 2025.
The warrants, which previously carried an exercise price of $1.30 per share, will be exercised at a reduced price of $1.05 per share.
