SOCKET MOBILE, INC. (SCKT): debt financing — Socket Mobile closes $500K secured convertible note financing at 10% interest

SOCKET MOBILE, INC.

Financing of $500,000 in secured subordinated convertible notes completed March 27, 2026.
Notes mature March 27, 2029; 10% interest payable quarterly in cash.
Conversion price $0.90 per share; holder can demand repayment after March 27, 2027.
Proceeds to increase working capital; notes subordinated to Western Alliance Bank debt.
Chairman Charlie Bass participated; disinterested directors approved transaction.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SOCKET MOBILE, INC. incurred convertible notes of $500,000 at 10% per year maturing March 27, 2029.

Instrument: convertible notes
Principal: $500,000
Rate: 10% per year
Maturity: March 27, 2029
Event: incurrence

Exact text from the filing

On March 27, 2026, Socket Mobile, Inc. (the “Company”) completed a secured subordinated convertible note financing of $500,000 (the “Financing”).

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

SOCKET MOBILE, INC. issued convertible note to accredited investors for $500,000.

Security: convertible note
Purchaser: accredited investors
Consideration: $500,000

Exact text from the filing

Socket Mobile, Inc. (the “Company”) completed a secured subordinated convertible note financing of $500,000 (the “Financing”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SOCKET MOBILE, INC. entered into Secured Subordinated Convertible Notes valued at $500,000 (effective 2026-03-27).

Action: entry
Agreement: notes offering
Value: $500,000
Effective: 2026-03-27

Exact text from the filing

On March 27, 2026, Socket Mobile, Inc. (the “Company”) completed a secured subordinated convertible note financing of $500,000 (the “Financing”).

View on SEC.gov

109 debt financings filed in the last 30 days. Browse all debt financings →

SOCKET MOBILE, INC. filing history →

Source: SEC EDGAR

accession 0000944075-26-000025

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