SOBR Safe, Inc.
Corporate Overview On September 19, 2011, we, as Imagine Media, Ltd., a Delaware corporation, acquired approximately 52% of the outstanding shares of TransBiotec, Inc. ( TBT ), a California corporatio…
Corporate Overview On September 19, 2011, we, as Imagine Media, Ltd., a Delaware corporation, acquired approximately 52% of the outstanding shares of TransBiotec, Inc. ( TBT ), a California corporation, from TBT’s directors in exchange for 124,439 shares of our common stock. In January 2012, our Board of Directors (the Board ) amended our Certificate of Incorporation, changing our name from Imagine Media, Ltd. to TransBiotec, Inc., and we acquired approximately 45% of the remaining outstanding shares of TBT in exchange for 109,979 shares of our common stock. With the acquisitions in September 2011 and January 2012 of TBT common stock, we own approximately 99% of the outstanding shares of TBT. As a result of the acquisitions, TBT’s business is our business, and, unless otherwise indicated, any references to we or us include the business and operations of TBT. On March 9, 2020, our Board of Directors approved the amendment to our Certificate of Incorporation and stockholders holding 52% of our then outstanding voting stock approved an amendment to our Certificate of Incorporation. The Certificate of Amendment to our Certificate of Incorporation was for the purpose of, among other things, changing our name from TransBiotec, Inc. to SOBR Safe, Inc. The Certificate of Amendment to our Certificate of Incorporation became effective with the State of Delaware on April 24, 2020. Pursuant to approval of an application with Nasdaq to uplist our common stock to their exchange under the ticker symbol SOBR, our common stock began trading and quoted on Nasdaq on May 16, 2022.
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