debt
confidence high
sentiment neutral
materiality 0.60
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.
item 1.01item 9.01