On March 19, 2026, SOBR Safe, Inc. received a deficiency letter from the Nasdaq Stock Market, indicating that the company's common stock has been trading below the minimum bid price requirement of $1.00 per share for the past 30 consecutive business days. This notification does not immediately affect the company's listing on Nasdaq, and the stock will continue to trade under the ticker symbol 'SOBR'. However, the letter highlights that the company is not eligible for the standard 180-day compliance period due to previous reverse stock splits, which have cumulatively exceeded the allowable ratio. The company plans to appeal the determination and intends to submit a compliance plan to regain adherence to the listing requirements. The outcome of this situation could significantly impact the company's stock price and investor confidence, as there is no guarantee that compliance will be achieved.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.