SCHEDULE 13G/A: Empery Asset Management Discloses 4.99% Stake in SOBR Safe, Inc. via Warrants
Beneficial Ownership Disclosure
Empery Asset Management, LP, along with Ryan M. Lane and Martin D. Hoe, has filed an amended Schedule 13G disclosing a 4.99% beneficial ownership stake in SOBR Safe, Inc., primarily through warrants, as of March 31, 2025.
Summary
- Empery Asset Management, LP, Ryan M. Lane, and Martin D. Hoe (collectively, "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in SOBR Safe, Inc.
- As of March 31, 2025, the Reporting Persons beneficially own an aggregate of 80,154 shares of SOBR Safe, Inc. Common Stock.
- This ownership represents 4.99% of the company's outstanding Common Stock.
- The 80,154 shares include Common Stock issuable upon the exercise of Warrants.
- The percentage is calculated based on 1,526,145 shares of Common Stock outstanding as of April 2, 2025, as reported in the Company's Form 8-K filed on April 4, 2025.
- A "Blocker" provision in the Warrants prevents the Reporting Persons from exercising them if it would result in beneficial ownership exceeding 4.99% of the outstanding shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and is generally neutral in sentiment. It indicates an institutional investor's stake but does not convey positive or negative operational news about the company itself.
Risks
- The "Blocker" provision limits the Reporting Persons' ability to fully exercise their Warrants if it would result in beneficial ownership exceeding 4.99% of the outstanding shares, meaning they cannot convert all their warrants if it pushes them over this threshold.
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment by an asset management firm in a company, which is a common occurrence in the financial markets. It reflects an institutional investor's position in a publicly traded company.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake (4.99%) by Empery Asset Management could be viewed positively by other shareholders as it indicates institutional interest, though the "Blocker" limits their immediate ability to increase their stake beyond 4.99% through warrant exercise.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 04/02/2025 | Date as of which 1,526,145 shares of Common Stock were reported outstanding in the Company's Form 8-K. |
| 04/04/2025 | Date of filing of the Company's Current Report on Form 8-K, which included the press release reporting outstanding shares. |
| 04/24/2025 | Date of signing and filing of this Schedule 13G/A. |
Keywords
SOBR Safe Inc., Empery Asset Management, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, SEC Filing, Investment Management, Institutional Ownership, Equity Stake
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