SOBRsafe Inc. (NASDAQ: SOBR) Raises $8.2M in Private Placement Offering Amid Ongoing Expansion Efforts, Marketing Campaign to Drive Growth
Alcohol screening and monitoring solutions provider SOBRsafe recently closed on a private placement, which raised $8.2 million in gross proceeds The company plans to use the net proceeds from the private placement for working capital and general corporate purposes, including possibly boosting its expansion efforts With an ongoing national marketing campaign, SOBRsafe is presenting its revolutionary alcohol screening and monitoring technologies to 45,000 behavioral health providers in the U.S. In addition, the company initiated sales activities in Australia and New Zealand through a partnership with a channel partner, and is partnering with companies in India and Italy for proof-of-concept installations…