Socket Mobile, Inc. received a notice from Nasdaq on August 24, 2026, indicating non-compliance with Listing Rule 5550(b)(1) due to stockholders' equity of $2,382,624 falling below the $2.5 million minimum requirement. The company also failed alternative standards for market value and net income. Nasdaq granted a 45-day period until October 8, 2026, to submit a compliance plan, with potential extensions available upon acceptance. Trading will continue under symbol SCKT during this process. Socket Mobile, Inc. operates in the technology industry, specializing in mobile data capture and wireless communication solutions.

Socket Mobile, Inc. appointed David A. Holmes to its Board of Directors effective August 3, 2026. Mr. Holmes has served as the Company's President and Chief Executive Officer since June 12, 2026, and will not receive additional compensation for his board service beyond his existing executive pay. Socket Mobile is a leading provider of data capture and delivery solutions for enhanced workplace productivity.

Socket Mobile, Inc. reported second quarter 2026 results showing revenue of $3.0 million, a 25% year-over-year decline and an 18% sequential drop. Gross margin contracted to 46.4% from 49.9% in the prior year period. The company posted an operating loss of $1.2 million compared to a $677,000 loss previously, driven by persistent challenges in the retail market. Cash reserves stood at approximately $1.6 million as of June 30, 2026. Socket Mobile operates in the technology sector, providing data capture and delivery solutions such as cordless barcode scanners for workforce mobilization.

On July 13, 2026, Socket Mobile, Inc. appointed Brent MacDonald to its Board of Directors. Mr. MacDonald previously served as a board member from 2016 to 2023 and is designated as an independent director under Nasdaq listing standards. He will receive standard non-employee director compensation. The board now consists of six members, four of whom are independent. Socket Mobile provides data capture and delivery solutions, such as cordless barcode scanners and contactless readers, for workforce mobilization.