UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549  

SEC File No: 000-53316

 

CUSIP No: 833592 108

 

 

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

(Check One):

☐     Form 10-K

☐     Form 20-F

☐     Form 11-K

☒     Form 10-Q

☐     Form 10-D

☐     Form N-SAR

☐     Form N-CSR

 

 

For Period Ended: June 30, 2020                

 

 

 

 

Transition report on Form 10-K

 

Transition report on Form 20-F

 

Transition report on Form 11-K

 

Transition report on Form 10-Q

 

Transition report on Form N-SAR

 

 

 

 

For the Transition Period Ended: ___________

 

Read Instruction (on back page) Before Preparing Form Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: ______________________

 

PART I -- REGISTRANT INFORMATION

 

SOBR Safe, Inc.

Full Name of Registrant

 

TransBiotec, Inc.

Former Name if Applicable

 

885 Arapahoe Road

Address of Principal Executive Office (Street and Number)

 

Boulder, Colorado 80302

City, State and Zip Code

 

 

 

 

PART II -- RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

 

 

 

(a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

 

(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or a portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject report or transition report on Form 10-Q, or subject distribution report on Form 10-D, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and

 

 

(c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

PART III -- NARRATIVE

 

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

Data and other information regarding certain material operations of the Company, as well as its financial statements required for the filing, are not currently available and could not be made available without unreasonable effort and expense.

 

PART IV-- OTHER INFORMATION

 

(1)

Name and telephone number of person to contact in regard to this notification

 

David Gandini

 

(303)

 

443-4430

(Name)

 

(Area Code)

 

(Telephone Number)

 

(2)

Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). ☒ Yes     ☐ No

 

 

(3)

Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ☒ Yes     ☐ No

 

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 

 

We anticipate our financial results for the three and six months ended June 30, 2020, will differ significantly from the prior year due to the fact we closed the transaction (the “Transaction”) that was the subject of that certain Asset Purchase Agreement dated May 6, 2019 (and Amendment No. 1 dated March 9, 2020, together the “APA”) with IDTEC, LLC (“IDTEC”), under which IDTEC agreed to provide personnel, experience, and access to funding to assist with the development of our SOBR device, as well as to sell to us certain robotics assets, which our management believes are synergistic with our current assets, in exchange for 12,000,000 shares of our common stock after giving effect to the reverse stock split effected in connection with closing the Transaction. As a result of the increase in our operations and the debt we assumed as a result of closing the Transaction, we expect our operating expenses, other expenses, and net loss will be significantly higher for the three and six months ended June 30, 2020, compared to the three and six months ended June 30, 2019. The exact amounts and the impact those amounts have on our financial statements will not be known until our financial statements for the three and six months ended June 30, 2020 are completed.

 

 

 

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SOBR Safe, Inc.

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: August 14, 2020

By

/s/ David Gandini

 

 

 

David Gandini

 

 

 

Chief Financial Officer

 

 

 

 

 

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form.

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001)

 

 

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