secwatch.observer — SEC 8-K summary
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Issuer:     SOCKET MOBILE, INC. (SCKT)
CIK:        0000944075
Form:       8-K
Filed at:   2026-08-28T21:03:54+00:00
Accession:  0000944075-26-000073
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Socket Mobile receives Nasdaq delisting notice for equity shortfall
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- Nasdaq notified Socket Mobile on Aug 24, 2026 of non-compliance with Listing Rule 5550(b)(1) requiring $2.5M minimum stockholders' equity.
- Stockholders' equity was $2,382,624 as of June 30, 2026, below the required minimum.
- Company also fails alternative standards: market value of listed securities <$35M or net income <$500k.
- Deadline to submit compliance plan is Oct 8, 2026; Nasdaq may grant up to 180-day extension if plan accepted.
- Trading continues on Nasdaq under ticker SCKT; no immediate effect on listing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944075/000094407526000073/0000944075-26-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944075/000094407526000073/form-8k0824.htm
  HTML page:      https://secwatch.observer/filing/0000944075-26-000073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer