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Socket Mobile gets Nasdaq notice after stock trades below $1 for 30 days

PUBT·05/20/2026 20:28:14
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Socket Mobile gets Nasdaq notice after stock trades below $1 for 30 days
  • Socket Mobile received a Nasdaq deficiency notice dated May 19, 2026, citing non-compliance with Listing Rule 5550(a)(2) after its closing bid price stayed below USD 1 for 30 consecutive business days.
  • The stock has until Nov. 16, 2026 to regain compliance by closing at or above USD 1 for at least 10 consecutive business days; Nasdaq may require up to 20 days.
  • Failure to cure by the deadline could trigger a further 180-day extension request or a delisting determination, with the option to appeal to a Nasdaq hearings panel.
  • The notice does not immediately affect trading, which continues on the Nasdaq Capital Market under the symbol SCKT.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Socket Mobile Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000944075-26-000041), on May 20, 2026, and is solely responsible for the information contained therein.