SOBRsafe Enters Definitive Agreement for Business Combination with Clean World Ventures

SOBRsafe Inc. (NASDAQ: SOBR) has entered into a definitive agreement with Clean World Ventures Inc. for a proposed business combination that would result in the combined company operating under the Clean World Ventures name. According to the announcement, CWV is expected to own approximately 98% of the entity upon closing. The transaction, anticipated to close in the third quarter of 2026 pending approvals and financing, aims to advance scalable, zero-carbon distributed energy systems leveraging wastewater and scrap aluminum feedstock.

Under the terms of the agreement, SOBRsafe’s alcohol detection business is expected to continue operating independently as the company evaluates monetization opportunities. This move signals a strategic shift for SOBRsafe, which has been known for its next-generation transdermal alcohol detection technology. The company's technology detects and reports in real-time the presence of alcohol as emitted through a user’s skin, eliminating the need for breath, blood, or urine samples. SOBRsafe provides passive, dignified screening and monitoring solutions for behavioral health, family law, consumer markets, and licensing and integration.

The business combination with Clean World Ventures represents a significant pivot towards renewable energy. Clean World Ventures focuses on developing distributed energy systems that are zero-carbon and scalable, using wastewater and scrap aluminum as feedstocks. This aligns with growing global emphasis on sustainable energy solutions and reducing carbon footprints. The transaction is subject to customary closing conditions, including regulatory approvals and financing, and is expected to be completed in the third quarter of 2026.

For SOBRsafe shareholders, this deal offers a path forward amidst challenges in the alcohol detection market. The company's decision to maintain its alcohol detection business as an independent unit suggests that SOBRsafe sees continued value in its core technology, while also exploring new avenues through the Clean World Ventures merger. The combined entity will likely attract investors interested in both the alcohol detection sector and the renewable energy space.

The announcement underscores the importance of strategic partnerships and business combinations in advancing technology and market reach. By joining forces with Clean World Ventures, SOBRsafe positions itself to leverage synergies between its alcohol detection expertise and Clean World Ventures' energy innovations. The transaction is expected to create value for shareholders and stakeholders alike, as the combined company pursues growth in two high-potential markets.

Investors and industry observers will be watching closely as the deal progresses. The success of the business combination will depend on regulatory approvals, financing, and the ability to integrate the two businesses effectively. For more details, the full press release is available at https://ibn.fm/WQnkr. Additional information about SOBRsafe can be found at www.sobrsafe.com, and updates are available in the company's newsroom at https://ibn.fm/SOBR.