{"schema_version":"secwatch.filing_event.v1","accession":"0000944075-23-000003","form_type":"8-K","ticker":"SCKT","cik":"0000944075","company_name":"SOCKET MOBILE, INC.","filed_at":"2023-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.664866+00:00","generated_at":"2026-06-20T07:40:19.361619+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Socket Mobile extends $2.5M credit facility, obtains waiver of Q3 2022 default","bullets":["Financing modification with Western Alliance Bank extends $2.0M domestic and $0.5M EXIM revolver maturities to Jan 31, 2025.","Lender waived events of default from noncompliance with financial covenants in Q3 2022.","New quarterly adjusted EBITDA covenant of at least $100,000 starting with fiscal quarter ending Dec 31, 2022.","Facility includes customary covenants limiting liens, investments, debt, dividends, and acquisitions.","Default would allow lender to accelerate outstanding obligations; waiver avoids immediate acceleration."],"urls":{"canonical":"https://secwatch.observer/filing/0000944075-23-000003","json":"https://secwatch.observer/filing/0000944075-23-000003.json","markdown":"https://secwatch.observer/filing/0000944075-23-000003.md","text":"https://secwatch.observer/filing/0000944075-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/944075/000094407523000003/0000944075-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/944075/000094407523000003/form-8k0125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T07:40:19.361619+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7adf797ac396e1720e39a9f52959c5611f98eb45","claim":"SOCKET MOBILE, INC. amended revolving credit with Western Alliance Bank maturing January 31, 2025.","evidence_excerpt":"extends the maturity date of the Company’s $2.0 million domestic and $0.5 million EXIM revolving credit facilities to January 31, 2025","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/944075/000094407523000003/0000944075-23-000003-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Counterparty","value":"Western Alliance Bank"},{"label":"Maturity","value":"January 31, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"e5db307ba9e6b7b9bc59ff6909dd2e28c4d55af5","claim":"SOCKET MOBILE, INC. amended Second Business Financing Modification Agreement and Waiver of Defaults with Western Alliance Bank valued at $2.0 million domestic and $0.5 million EXIM revolving credit facilities (effective 2023-01-25).","evidence_excerpt":"On January 25, 2023, Socket Mobile (\"we\" or the \"Company\") entered into the Second Business Financing Modification Agreement and Waiver of Defaults (the “Financing Agreement”) with Western Alliance Bank, an Arizona corporation (“Lender”), which among other things, extends the maturity date of the Company’s $2.0 million domestic and $0.5 million EXIM revolving credit facilities to January 31, 2025.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/944075/000094407523000003/0000944075-23-000003-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Western Alliance Bank"},{"label":"Value","value":"$2.0 million domestic and $0.5 million EXIM revolving credit facilities"},{"label":"Effective","value":"2023-01-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}