Second Nasdaq Delisting Notice Hits SOBR Safe as Equity Deficiency Compounds Bid Price Failure
SOBR sits 35% above its 52-week low of $0.349.
Summary
A second Nasdaq delisting notice hit SOBR Safe for failing the $2.5 million minimum stockholders' equity requirement, adding to its existing bid price deficiency. Director Ford Fay also resigned. The company must complete its Clean World Ventures reverse merger by September 15, 2026 to maintain listing.
Key Events · Legal and Risk Events · SOBR
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Second Nasdaq Delisting Notice
Nasdaq notified SOBR Safe on August 21, 2026 that stockholders' equity fell below the $2.5 million minimum required by Listing Rule 5550(b)(1), and the company does not meet the alternative market value or net income tests.
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Bid Price Deficiency Still Unresolved
The new equity deficiency compounds the existing bid price failure disclosed in March 2026. Prior reverse splits totaling 1-for-1100 make the company ineligible for the standard 180-day compliance period.
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September 15 Deadline
The Nasdaq Hearings Panel previously granted continued listing until September 15, 2026, conditioned on completing the Clean World Ventures reverse merger and demonstrating compliance with initial listing rules.
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Director Resignation
Director Ford Fay resigned from the Board effective August 21, 2026, with no stated disagreement with company operations, policies, or practices.
Analysis · SOBR · Manufacturing
A second Nasdaq delisting determination landed on SOBR Safe on August 21, 2026, this time for stockholders' equity falling below the $2.5 million minimum required for continued listing on the Nasdaq Capital Market. The company also fails the alternative tests of market value of listed securities or net income from continuing operations. This compounds the existing bid price deficiency disclosed in March 2026, and prior reverse splits (1-for-110 and 1-for-10, cumulative 1-for-1100) make it ineligible for the standard 180-day compliance period. The company has until September 15, 2026 to complete its proposed reverse merger with Clean World Ventures and demonstrate compliance with Nasdaq's initial listing rules, or face delisting. Separately, director Ford Fay resigned effective immediately, with no stated disagreement. Against the backdrop of a going-concern warning and a $5.4 million net loss in the most recent quarter, this filing materially raises the risk that SOBR Safe loses its Nasdaq listing entirely.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 44.3% of the 601 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SOBR was trading at $0.47 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $2.5M. The 52-week trading range was $0.35 to $3.97. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.