Socket Mobile warned over Nasdaq $1 bid-price rule

Q: How long does Socket Mobile (SCKT) have to regain Nasdaq compliance?

Socket Mobile has 180 calendar days, until November 16, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days, with Nasdaq able to require up to 20 days.

Q: What happens if Socket Mobile (SCKT) does not regain compliance by November 16, 2026?

If Socket Mobile does not regain compliance by November 16, 2026, Nasdaq staff may grant an additional compliance period of up to 180 days or move toward delisting its common stock from the Nasdaq Capital Market, depending on its eligibility.

Q: How could a Nasdaq delisting affect Socket Mobile (SCKT) and its shareholders?

The company states a delisting could make it harder to buy or sell shares, obtain accurate market quotations, or raise capital, and could materially reduce the market price of its common stock, negatively affecting its financial condition and ability to maintain adequate capital.

Q: Is Socket Mobile’s (SCKT) stock still trading on Nasdaq after the deficiency notice?

Yes. The deficiency letter has no immediate effect on Socket Mobile’s listing. Its common stock continues to trade on the Nasdaq Capital Market under the symbol “SCKT” while the company works to address the Minimum Bid Price requirement.

Q: What steps does Socket Mobile (SCKT) plan to take to cure the Nasdaq deficiency?

Socket Mobile intends to monitor the closing bid price of its common stock through November 16, 2026 and, if appropriate, evaluate available options to cure the deficiency and regain compliance with Nasdaq’s $1.00 Minimum Bid Price requirement.

Socket Mobile, Inc. received a Nasdaq deficiency notice because its common stock’s closing bid price stayed below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Socket Mobile, Inc. received a Nasdaq deficiency notice because its common stock’s closing bid price stayed below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).

The company has 180 calendar days, until November 16, 2026, to regain compliance by maintaining at least a $1.00 bid price for a minimum of 10 consecutive business days, with Nasdaq staff able to extend this to 20 days. If it fails to regain or maintain compliance, its shares on the Nasdaq Capital Market under symbol “SCKT” could be delisted, which the company warns may materially and adversely affect trading liquidity, market price, access to capital, and overall financial condition.

Positive

None.

Negative

The company faces a Nasdaq delisting risk after failing the $1.00 minimum bid price rule for 30 consecutive business days, which it warns could materially and adversely affect liquidity, market price, and access to capital if compliance is not regained.

Insights

Nasdaq bid-price deficiency raises real delisting and liquidity risk.

Socket Mobile has triggered Nasdaq’s minimum bid-price rule after its stock closed below $1.00 for 30 straight business days. It now has 180 days, until November 16, 2026, to post at least 10 consecutive days with a bid at or above that level.

Failure to regain or maintain compliance could lead to delisting from the Nasdaq Capital Market, which the company notes may materially and adversely affect its market price, trading liquidity, and ability to raise capital. Nasdaq may grant an additional 180-day period, but this is discretionary.

The company plans to monitor its share price and evaluate options to cure the deficiency while its stock continues trading under “SCKT.” Actual impact will depend on whether it can meet the Minimum Bid Price requirement within the allowed compliance windows.

8-K Event Classification

Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

1 item

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities

The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.

Key Figures

Minimum bid price requirement: $1.00 per share Consecutive days below minimum: 30 business days Initial compliance period: 180 calendar days +3 more

6 metrics

Minimum bid price requirement $1.00 per share Nasdaq Listing Rule 5550(a)(2) Minimum Bid Price

Consecutive days below minimum 30 business days Period with closing bid below $1.00

Initial compliance period 180 calendar days Time to regain compliance, until November 16, 2026

Required compliant trading span 10–20 business days Bid at or above $1.00 to regain compliance

Potential additional period Up to 180 days Possible extra time if conditions met

Listing market Nasdaq Capital Market Current trading venue for SCKT common stock

Key Terms

Nasdaq Listing Rule 5550(a)(2), Minimum Bid Price, Nasdaq Capital Market, Deficiency Letter, +1 more

5 terms

Nasdaq Listing Rule 5550(a)(2) regulatory

"the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid price"

Minimum Bid Price financial

"Nasdaq requires a minimum bid price of at least $1.00 per share (the “Minimum Bid Price”)"

The minimum bid price is the lowest share price that a market, regulator, or specific offering will accept for a trade, listing, or auction—think of it as a reserve or floor that a stock must meet to qualify for certain actions. It matters to investors because falling below that floor can limit trading options, trigger compliance measures or delisting risks, and affect liquidity and the perceived value of a holding, much like a reserve price in an auction sets the baseline for a sale.

Nasdaq Capital Market market

"common stock, which will continue to trade on the Nasdaq Capital Market under the symbol “SCKT.”"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

Deficiency Letter regulatory

"received a notice (the “Deficiency Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC"

continued listing requirements regulatory

"provided the Company satisfies all other initial and continued listing requirements and gives Nasdaq written notice"

Rules a stock exchange sets that a publicly traded company must keep meeting to stay listed and tradable on that exchange, such as minimum share price, market value, timely financial reports, and basic governance practices. Like a club’s membership rules, they matter because falling short can lead to warnings, penalties or removal from the exchange, which can cut liquidity, hurt share value and increase the risk for investors.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Socket Mobile (SCKT) receive a Nasdaq deficiency notice?

Socket Mobile received a Nasdaq deficiency notice because its common stock’s closing bid price stayed below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2) on the Nasdaq Capital Market’s minimum bid price requirement.

How long does Socket Mobile (SCKT) have to regain Nasdaq compliance?

Socket Mobile has 180 calendar days, until November 16, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days, with Nasdaq able to require up to 20 days.

What happens if Socket Mobile (SCKT) does not regain compliance by November 16, 2026?

If Socket Mobile does not regain compliance by November 16, 2026, Nasdaq staff may grant an additional compliance period of up to 180 days or move toward delisting its common stock from the Nasdaq Capital Market, depending on its eligibility.

How could a Nasdaq delisting affect Socket Mobile (SCKT) and its shareholders?

The company states a delisting could make it harder to buy or sell shares, obtain accurate market quotations, or raise capital, and could materially reduce the market price of its common stock, negatively affecting its financial condition and ability to maintain adequate capital.

Is Socket Mobile’s (SCKT) stock still trading on Nasdaq after the deficiency notice?

Yes. The deficiency letter has no immediate effect on Socket Mobile’s listing. Its common stock continues to trade on the Nasdaq Capital Market under the symbol “SCKT” while the company works to address the Minimum Bid Price requirement.

What steps does Socket Mobile (SCKT) plan to take to cure the Nasdaq deficiency?

Socket Mobile intends to monitor the closing bid price of its common stock through November 16, 2026 and, if appropriate, evaluate available options to cure the deficiency and regain compliance with Nasdaq’s $1.00 Minimum Bid Price requirement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/20/2026 - 04:27 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

May 19, 2026

Date of Report

(Date of earliest event reported)

SOCKET MOBILE, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-13810		94-3155066
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

40675 Encyclopedia Circle

Fremont, CA 94538

(Address of principal executive offices, including zip code)

(510) 933-3000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, $0.001 Par Value per Share	SCKT	NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On May 19, 2026, Socket Mobile, Inc. (the “Company”) received a notice (the “Deficiency Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid price of its common stock was below $1.00 per share for 30 consecutive business days. Nasdaq requires a minimum bid price of at least $1.00 per share (the “Minimum Bid Price”).

Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until November 16, 2026, to regain compliance. To do so, the closing bid price of the Company’s common stock must be at least the Minimum Bid Price for a minimum of 10 consecutive business days during that period. Nasdaq staff may, in its discretion, require a longer compliance period of up to 20 consecutive business days in certain circumstances.

If the Company does not regain compliance by November 16, 2026, Nasdaq staff may grant an additional compliance period of up to 180 days, provided the Company satisfies all other initial and continued listing requirements and gives Nasdaq written notice of its intent to cure the deficiency during that period. If Nasdaq staff determines that the Company cannot cure the deficiency or is otherwise ineligible, Nasdaq will notify the Company that its securities are subject to delisting. The Company may then appeal that determination to a Nasdaq hearings panel. There can be no assurance that additional time will be granted, that any appeal will be successful, or that the Company’s efforts to regain compliance will not adversely affect the market value of its common stock.

The Company intends to monitor the closing bid price of its common stock through November 16, 2026 and, if appropriate, evaluate available options to cure the deficiency and regain compliance with the Minimum Bid Price requirement.

The Deficiency Letter has no immediate effect on the listing of the Company’s common stock, which will continue to trade on the Nasdaq Capital Market under the symbol “SCKT.”

Although the Company is working to maintain the listing of its common stock on Nasdaq, there can be no assurance that it will regain or continue to satisfy all Nasdaq listing requirements. If the Company fails to do so, Nasdaq may delist its common stock. A delisting could make it more difficult to buy or sell the Company’s securities, obtain accurate market quotations, or raise capital in the public markets, and could materially reduce the market price of its common stock. Delisting could also discourage broker-dealers from making a market in or promoting the Company’s securities and deter certain institutions and investors from investing in them. Any of these effects could materially and adversely affect the Company’s financial condition, operations, and ability to maintain adequate capital.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		SOCKET MOBILE, INC.

	By:	/s/ Lynn Zhao
		Name: Lynn Zhao Vice President, Finance and Administration and Chief Financial Officer
	Date: May 20, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents

Socket Mobile warned over Nasdaq $1 bid-price rule