Core Viewpoint - SOBR Safe Inc. experienced significant volatility in its stock price, with a notable drop of 14.35% in after-hours trading following an 82.31% increase during the regular session [1]. Group 1: Private Placement Details - SOBR Safe announced definitive agreements to issue 1.29 million shares of common stock at $1.55 per share, along with associated warrants [2]. - The offering includes Series C and Series D warrants, each allowing the purchase of up to 1.29 million shares at an exercise price of $1.30 per share, with immediate exercisability upon issuance [2]. - The net proceeds from this offering will be allocated towards working capital and general corporate purposes [2]. Group 2: Transaction Structure - H.C. Wainwright & Co. is the exclusive placement agent for the transaction, which is expected to raise approximately $2 million in gross proceeds before fees [3]. - The offering was priced in accordance with Nasdaq rules and is anticipated to close around December 29 [3]. - Series C warrants will expire five years after the resale registration statement becomes effective, while Series D warrants will expire after 24 months [3]. Group 3: Trading Metrics and Technical Analysis - SOBR Safe has a market capitalization of $3.59 million, with a 52-week high of $14.50 and a low of $1.27, indicating a significant decline of 80.41% over the past 12 months [5]. - The stock is currently trading just 8.3% above its 52-week low, suggesting a challenging broader outlook despite potential short-term opportunities [5]. - The company has a relative strength index (RSI) of 62.53, indicating some level of momentum [5]. Group 4: Stock Performance - Benzinga's Edge Stock Rankings indicate that SOBR stock has a negative price trend across all time frames, reflecting ongoing challenges in its market performance [6].