Socket Mobile extends convertible note maturity from 2026 to 2028

SOCKET MOBILE, INC.

Extended maturity of $1.6M secured subordinated convertible notes from May 26, 2026 to May 26, 2028.
Notes originally issued May 2023; all other terms and conditions remain unchanged.
Special committee of board approved extension due to director noteholders Charlie Bass (Chairman) and Bill Parnell.
Total principal amount outstanding remains $1.6M; conversion terms and interest rate unchanged.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

SOCKET MOBILE, INC. amended Secured Subordinated Convertible Note Extension Agreement with holders of the outstanding notes valued at Extension of maturity date from May 26, 2026 to May 26, 2028 (effective 2026-03-18).

Action: amendment
Agreement: notes offering
Counterparty: holders of the outstanding notes
Value: Extension of maturity date from May 26, 2026 to May 26, 2028
Effective: 2026-03-18

Exact text from the filing

On March 18, 2026, the Company and the requisite holders of the outstanding notes entered into a Secured Subordinated Convertible Note Extension Agreement (the “Extension Agreement”), extending the maturity date of the notes from May 26, 2026 to May 26, 2028.

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SOCKET MOBILE, INC. filing history →

Source: SEC EDGAR

accession 0000944075-26-000018

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