{"schema_version":"secwatch.filing_event.v1","accession":"0000944075-23-000035","form_type":"8-K","ticker":"SCKT","cik":"0000944075","company_name":"SOCKET MOBILE, INC.","filed_at":"2023-05-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.947964+00:00","generated_at":"2026-06-14T12:25:39.967170+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Socket Mobile completes $1.6M secured convertible note financing with 10% interest, convertible at $1.34/share","bullets":["$1.6M secured subordinated convertible notes, 10% interest payable quarterly in cash, maturing May 26, 2026.","Notes convertible at $1.34/share into common stock; holders may demand repayment after May 26, 2024.","Proceeds used to increase working capital; notes secured by assets and subordinated to Western Alliance Bank debt.","Default includes missed principal/interest payments with 5-day grace; company to file resale registration by Aug 31, 2023.","Insiders (Chairman Charlie Bass, CEO Kevin Mills, director Bill Parnell) participated; special committee approved."],"urls":{"canonical":"https://secwatch.observer/filing/0000944075-23-000035","json":"https://secwatch.observer/filing/0000944075-23-000035.json","markdown":"https://secwatch.observer/filing/0000944075-23-000035.md","text":"https://secwatch.observer/filing/0000944075-23-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/944075/000094407523000035/0000944075-23-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/944075/000094407523000035/form-8k0526.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T12:25:39.967170+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":"7b8e8fc9ed4e4bf480ee144ef23a0d1279165bcf","claim":"SOCKET MOBILE, INC. incurred convertible notes of $1,600,000 at 10% per year maturing May 26, 2026.","evidence_excerpt":"On May 26, 2023, Socket Mobile, Inc. (the “Company”) completed a secured subordinated convertible note financing of $1,600,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/944075/000094407523000035/0000944075-23-000035-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,600,000"},{"label":"Rate","value":"10% per year"},{"label":"Maturity","value":"May 26, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"28971af317346c6190e270341a711706364619d7","claim":"SOCKET MOBILE, INC. entered into Notes with Charlie Bass, Kevin Mills, Bill Parnell valued at $1,600,000 (effective 2023-05-26).","evidence_excerpt":"On May 26, 2023, Socket Mobile, Inc. (the “Company”) completed a secured subordinated convertible note financing of $1,600,000 (the “Financing”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/944075/000094407523000035/0000944075-23-000035-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Charlie Bass, Kevin Mills, Bill Parnell"},{"label":"Value","value":"$1,600,000"},{"label":"Effective","value":"2023-05-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}