---
schema_version: "secwatch.filing_event.v1"
accession: "0000944075-26-000025"
form_type: "8-K"
ticker: "SCKT"
cik: "0000944075"
company_name: "SOCKET MOBILE, INC."
filed_at: "2026-03-30T23:59:59+00:00"
generated_at: "2026-05-15T08:30:19.788777+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Socket Mobile closes $500K secured convertible note financing at 10% interest

## Summary
- 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.

## SEC filing metadata
- accession: 0000944075-26-000025
- form_type: 8-K
- ticker: SCKT
- cik: 0000944075
- company_name: SOCKET MOBILE, INC.
- filed_at: 2026-03-30T23:59:59+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/944075/000094407526000025/0000944075-26-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/944075/000094407526000025/form-8k0330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000944075-26-000025
- JSON: https://secwatch.observer/filing/0000944075-26-000025.json
- Plain text: https://secwatch.observer/filing/0000944075-26-000025.txt

## Key facts
- Debt Financings
  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
  source text: On March 27, 2026, Socket Mobile, Inc. (the “Company”) completed a secured subordinated convertible note financing of $500,000 (the “Financing”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/944075/000094407526000025/0000944075-26-000025-index.htm
- Equity Issuances
  SOCKET MOBILE, INC. issued convertible note to accredited investors for $500,000.
  - Security: convertible note
  - Purchaser: accredited investors
  - Consideration: $500,000
  source text: Socket Mobile, Inc. (the “Company”) completed a secured subordinated convertible note financing of $500,000 (the “Financing”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/944075/000094407526000025/0000944075-26-000025-index.htm
- Material Agreements
  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
  source text: On March 27, 2026, Socket Mobile, Inc. (the “Company”) completed a secured subordinated convertible note financing of $500,000 (the “Financing”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/944075/000094407526000025/0000944075-26-000025-index.htm

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