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 1.01item 2.03item 3.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.