Socket Mobile, Inc. Notified of Nasdaq Listing Non‑Compliance; Equity Below $2.5M

What Happened
Socket Mobile, Inc. (SCKT) filed an 8‑K on August 28, 2026 to report that Nasdaq’s Listing Qualifications Department sent a notice saying the company no longer meets Nasdaq Listing Rule 5550(b)(1) because its stockholders' equity was $2,382,624 as reported in the Form 10‑Q for the quarter ended June 30, 2026 (below the $2.5 million minimum). The Notice also stated that, as of August 24, 2026, Socket Mobile did not meet the alternative listing tests — a $35 million market value of listed securities or net income from continuing operations of at least $500,000. The Notice does not affect current trading; SCKT remains listed and traded on The Nasdaq Capital Market.

Key Details

• Stockholders' equity reported: $2,382,624 (Quarter ended June 30, 2026).
• Minimum required under Nasdaq Rule 5550(b)(1): $2,500,000.
• Alternatives not met (as of Aug 24, 2026): $35M market value (Rule 5550(b)(2)) or $500,000 net income (Rule 5550(b)(3)).
• Nasdaq gave 45 days (until October 8, 2026) to submit a compliance plan; if Nasdaq accepts the plan it may grant up to 180 calendar days from the Notice date to regain compliance.
• The company intends to submit a plan and is evaluating actions; the Notice has no immediate effect on the listing or trading of SCKT.

Why It Matters
Nasdaq non‑compliance notices signal a risk that a company could be subject to delisting if it does not regain compliance; that can reduce liquidity, investor confidence and access to capital. For now, Socket Mobile’s shares continue to trade on Nasdaq while the company works to present a plan. The filing states there is no assurance Nasdaq will accept the plan, grant an extension, or that the company will regain compliance, so investors should monitor updates (including any Nasdaq response, the company’s compliance plan, or appeals).