Socket Mobile Announces Intention to Voluntarily Transition Listing from Nasdaq to the OTCID Market

Socket Mobile's Board approved a plan to voluntarily delist its common stock from the Nasdaq Capital Market and transition quotation to the OTCID Market, keeping the SCKT ticker. The company is currently below Nasdaq's Rule 5550(b)(1) minimum of $2.5 million in stockholders' equity; the Board cited substantial legal, accounting, compliance, and listing fees as no longer an optimal use of capital. Form 25 is expected on or about November 9, 2026, with Nasdaq trading ceasing November 18 and OTCID quotation beginning on or about November 19, 2026.

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