secwatch.observer — SEC 8-K summary
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Issuer:     SOCKET MOBILE, INC. (SCKT)
CIK:        0000944075
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0000944075-22-000068
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Socket Mobile extends maturity of $1.53M convertible notes by one year to August 2024
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- Maturity date extended from August 30, 2023 to August 30, 2024.
- All other terms and conditions of the notes remain unchanged.
- Related-party noteholders include Chairman Charlie Bass, CEO Kevin Mills, CFO Lynn Zhao, and employee Flora Chu.
- Special committee of disinterested directors approved the extension.
- Outstanding principal amount is $1,530,000 from August 2020 financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944075/000094407522000068/0000944075-22-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944075/000094407522000068/form-8k1116.htm
  HTML page:      https://secwatch.observer/filing/0000944075-22-000068

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer