Socket Mobile to voluntarily delist from Nasdaq, shift to OTCID Market after failing $2.5M equity rule

SOCKET MOBILE, INC.

Board approved voluntary Nasdaq withdrawal after Aug 24, 2026 notice that stockholders' equity fell below the $2.5M minimum required by Rule 5550(b)(1).
Form 25 planned on or about Nov 9, 2026; Nasdaq trading expected to cease at the close on Nov 18, delisting effective on or about Nov 19, 2026.
OTC Markets confirmed onboarding qualifications; SCKT expected to begin quoting on the OTCID Market at the open on or about Nov 19, 2026 under the same ticker.
Company cites substantial legal, accounting, compliance and listing costs, and expects to cut administrative overhead and redirect capital to product development.
Socket Mobile says operations, customer commitments and product delivery schedules are unaffected and it will keep filing 10-K, 10-Q and 8-K reports.

Featured in Daily 8-K Digest

Selected #6 for 2026-10-27. Read digest

This headline and bullets were generated automatically by deepseek-v4.1-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.