The planned merger between SOBR Safe, Inc. (Nasdaq: SOBR) and Clean World Ventures, Inc. is off. All four parties, including principal Roy DiBenerdini and SOBR Safe Merger Sub, Inc., signed a Mutual Termination Agreement and Release on September 17, 2026, voiding an Agreement and Plan of Merger and Reorganization executed on April 24. SOBR Safe disclosed the development in an 8-K filed September 18, signed by Chief Financial Officer Christopher Whitaker.
The original deal was structured so that Merger Sub would merge with and into Clean World Ventures, a Nevada corporation, with CWV surviving as a wholly owned SOBR Safe subsidiary. That arrangement was first disclosed via an April 30, 2026 8-K. The September 17 termination filing states no reason for the collapse.
The Mutual Termination Agreement provides a broad mutual release of claims on all sides, covering matters arising out of or relating to the Merger Agreement and its ancillary documents. The carve-outs are narrow: neither party releases potential claims for breach of the Termination Agreement itself, or of the Mutual Non-Disclosure Agreement the two companies signed on April 6, 2026. Both parties remain bound by that NDA.
SOBR Safe will also withdraw its Form S-4 registration statement, initially filed with the SEC on June 9, 2026, which had registered the shares the company intended to issue in the transaction. No financial terms of the original Merger Agreement were ever publicly disclosed. The Termination Agreement carries no breakup fee or continuing cash obligation between the parties beyond their shared NDA commitment. The agreement is filed as Exhibit 2.1 to the September 18 8-K.