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- Delisting (new) — Company received Nasdaq deficiency notice for failing to maintain minimum $1.00 bid price for 30 consecutive business days, triggering delisting process.
SOBR Safe wins delisting stay until Sept 15, conditional on completing merger
Filed May 27, 2026 · Period ending May 21, 2026 · ~1 min read
Key Changes
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high
Nasdaq granted continued listing through September 15, 2026, but only if SOBR completes its merger with Clean World Ventures and meets initial listing standards by that deadline—a hard four-month clock.
Item 3.01 verify on EDGAR → -
high
Company executed two reverse stock splits totaling 1-for-1100 over two years (1-for-110 in Oct 2024, 1-for-10 in Apr 2025), disqualifying it from standard 180-day compliance periods and signaling severe price deterioration.
Item 3.01 verify on EDGAR → -
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Stock traded below $1.00 for 30 consecutive business days starting March 19, 2026, triggering Nasdaq's minimum bid price deficiency notice and the delisting process.
Item 3.01 verify on EDGAR → -
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SOBR presented compliance plan at April 28 hearing; Nasdaq's conditional approval suggests skepticism about organic recovery without the transformative merger.
Item 3.01 verify on EDGAR →
Summary
SOBR Safe has secured a temporary reprieve from Nasdaq delisting, but the clock is ticking. After its stock fell below $1.00 for 30 straight trading days in March, the company faced removal from the exchange.
Nasdaq's Hearings Panel granted continued listing through September 15, 2026—but with a critical condition: SOBR must close its proposed merger with Clean World Ventures and satisfy initial listing requirements by that deadline. This isn't a routine extension. The company's history reveals the severity of its situation.
Two massive reverse stock splits over two years—totaling 1-for-1100—have consolidated shares to prop up the price, yet the stock still couldn't hold $1.00. These extreme measures disqualified SOBR from standard grace periods, forcing it into an accelerated, all-or-nothing timeline. Nasdaq's conditional approval signals the exchange views the merger as SOBR's only viable path to compliance. Retail holders should watch for merger progress announcements and any updates on meeting initial listing standards. If the Clean World deal falls through or delays past mid-September, delisting becomes likely. The company has four months to execute a transformative transaction or face removal from public markets.
Section-by-Section Diff
Event · Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule
Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 21, 2026, the Company received a letter from the Hearings Panel granting the Company’s request for continued listing until September 15, 2026, in order to allow the Company to regain compliance with the Bid Price Requirement. The Company’s request for continued listing of its securities on The Nasdaq Capital Market until September 15, 2026 was granted subject to the condition that on or before September 15, 2026, the Company shall complete the proposed business combination with Clean World Ventures, Inc., and demonstrate compliance with Nasdaq’s Initial Listing Rules.
Nasdaq Hearings Panel granted SOBR Safe continued listing through September 15, 2026, but imposed a critical condition: the company must complete its proposed merger with Clean World Ventures, Inc. and meet Nasdaq's initial listing standards by that deadline. This represents a temporary reprieve from delisting, contingent on executing a transformative business combination within approximately $1.00 four months.
Added in current filing · verify on EDGAR →
the Company effected a 1-for-110 reverse stock split on October 2, 2024, and a 1-for-10 reverse stock split on April 4, 2025, making the cumulative reverse stock split ratio 1-for-1100 (the “Reverse Splits”) over the last two years. As a result of the Reverse Splits, the Company is not eligible for the 180-day compliance period set forth in Rule 5810(c) (3) (A) because the Reverse Splits have a cumulative ratio of over 1-for-250.
SOBR Safe executed two massive reverse stock splits totaling 1-for-1100 over two years, which disqualified the company from receiving the standard 180-day grace period to regain bid price compliance. This extreme consolidation history signals severe and persistent stock price deterioration, forcing the company into an accelerated compliance timeline with stricter conditions.
Added in current filing · verify on EDGAR →
The delisting hearing was held on April 28, 2026 before the Hearings Panel. At the hearing, the Company presented its plan to regain compliance with the Bid Price Requirement and requested the continued listing of its securities on The Nasdaq Capital Market pending such compliance.
SOBR Safe appeared before Nasdaq's Hearings Panel on April 28, 2026, presenting a compliance plan centered on the Clean World Ventures merger. The panel's subsequent approval was conditional rather than unconditional, indicating Nasdaq's skepticism about the company's ability to regain compliance through organic stock price recovery alone.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify