Socket Mobile to Delist From Nasdaq, Move to OTCID by Nov. 19
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FREMONT – October 29, 2026 -- Socket Mobile, Inc. (NASDAQ: SCKT) will voluntarily delist from The Nasdaq Capital Market on or about November 19, 2026, and move quotation of its common stock to the OTCID Market under the same ticker, SCKT.
Nasdaq equity shortfall preceded the board's decision
The company is below the $2.5 million minimum stockholders' equity requirement under Nasdaq Listing Rule 5550(b)(1). It had earlier submitted a compliance plan to Nasdaq Listing Qualifications. After weighing market conditions and compliance costs, the board concluded that the move to OTCID serves the interests of the company and its stockholders.