Socket Mobile receives Nasdaq deficiency notice for bid price below $1.00; 180 days to cure

SOCKET MOBILE, INC.

• Closing bid price of common stock (SCKT) below $1.00 for 30 consecutive business days triggered Nasdaq deficiency notice.
• Company has 180 calendar days, until November 16, 2026, to regain compliance by closing at $1.00+ for 10 consecutive days.
• Nasdaq may grant an additional 180-day extension if company meets other listing requirements and provides cure notice.
• Deficiency Letter has no immediate effect on listing; shares continue trading on Nasdaq Capital Market under SCKT.
• Failure to cure may lead to delisting, which could harm liquidity, market price, and capital-raising ability.