---
schema_version: "secwatch.filing_event.v1"
accession: "0000944075-24-000060"
form_type: "8-K"
ticker: "SCKT"
cik: "0000944075"
company_name: "SOCKET MOBILE, INC."
filed_at: "2024-08-22T23:59:59+00:00"
generated_at: "2026-05-31T08:11:09.129717+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Socket Mobile closes $1M secured convertible note; 10% interest, 3-yr term

## Summary
- $1M secured subordinated convertible note closed August 21, 2024, matures August 21, 2027.
- Interest rate 10% per annum payable quarterly in cash; convertible at $0.9515 per share.
- Proceeds used to increase working capital; notes subordinated to Western Alliance Bank debt.
- Related-party investors include Chairman Charlie Bass, director Bill Parnell, CEO's son Enrico Mills, Controller Jason Wu, CTO Eric Glaenzer.
- Holders may require repayment of principal plus interest after August 21, 2025; secured by company assets.

## SEC filing metadata
- accession: 0000944075-24-000060
- form_type: 8-K
- ticker: SCKT
- cik: 0000944075
- company_name: SOCKET MOBILE, INC.
- filed_at: 2024-08-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/944075/000094407524000060/0000944075-24-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/944075/000094407524000060/form-8k0822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000944075-24-000060
- JSON: https://secwatch.observer/filing/0000944075-24-000060.json
- Plain text: https://secwatch.observer/filing/0000944075-24-000060.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.