Socket Mobile has delivered written notice to Nasdaq of its intention to voluntarily withdraw its common stock from listing on The Nasdaq Capital Market and transition quotation to the OTCID Market. This decision follows a notification from Nasdaq in August 2026 that the company no longer met the minimum stockholders' equity requirement of $2,500,000 under Listing Rule 5550(b)(1). The board determined that transitioning to the OTC market would significantly reduce administrative and regulatory overhead, conserve cash, and allow resources to be redirected toward core product development. Regular trading on Nasdaq is expected to cease on November 18, 2026, with quotation on the OTCID Market anticipated to commence around November 19, 2026. Socket Mobile provides data capture and delivery solutions for enhanced workplace productivity.
