SOBRsafe Inc., trading on NASDAQ under the ticker SOBR, has completed a $2.0 million at-the-market private placement. The company, which develops next-generation alcohol monitoring and detection technology, issued 1,290,324 shares of common stock or pre-funded warrants, along with Series C and Series D warrants to purchase up to 2,580,648 additional shares. The offering was priced at $1.55 per share, with associated warrants exercisable at $1.30 per share. H.C. Wainwright & Co. served as the exclusive placement agent, while Aegis Capital Corp. received a cash tail fee. Net proceeds from the placement are intended for working capital and general corporate purposes.
The capital infusion supports SOBRsafe's mission to enable trust and empower recovery through its advanced transdermal technology. Unlike traditional methods requiring breath, blood, or urine samples, SOBRsafe's system detects alcohol presence through a user's skin in real-time. This touch-based approach provides passive, dignified screening and monitoring solutions. The company targets multiple sectors, including behavioral health, family law, and consumer markets, and offers its technology for licensing and integration.
For business and technology leaders, this funding round highlights the growing investment in health-tech innovations that prioritize user dignity and passive monitoring. SOBRsafe's approach could disrupt traditional alcohol testing industries by reducing invasiveness and improving compliance in settings such as workplace safety, legal compliance, and addiction recovery programs. The backend data platform enhances its utility for organizations needing reliable, real-time monitoring without active user participation.
Investors and industry observers can find more details in the company's official newsroom at https://ibn.fm/SOBR. The broader implications include potential shifts in how alcohol monitoring is integrated into corporate wellness programs, legal systems, and consumer safety products. As regulatory and social pressures increase for responsible alcohol use, technologies like SOBRsafe's may see expanded adoption, driving further innovation in the behavioral health and safety technology sectors.
