DelistingMay 20, 2026, 04:33 PM
Socket Mobile receives Nasdaq delisting notice for bid price below $1.00
AI Summary
Socket Mobile, Inc. received a notice from Nasdaq on May 19, 2026, indicating non-compliance with the minimum bid price rule, as its common stock traded below $1.00 for 30 consecutive business days. The company has 180 calendar days, until November 16, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. Failure to comply could result in delisting, which would negatively impact the company's market value, trading, and ability to raise capital.
Key Highlights
- Socket Mobile received a Nasdaq notice for non-compliance with the $1.00 minimum bid price rule.
- The company's common stock traded below $1.00 per share for 30 consecutive business days.
- Socket Mobile has 180 calendar days, until November 16, 2026, to regain compliance.
- To comply, the closing bid price must be at least $1.00 for 10 consecutive business days.
- Failure to regain compliance could lead to the delisting of its common stock from Nasdaq.
- Delisting could adversely affect the stock's market value and the company's ability to raise capital.
- The Deficiency Letter has no immediate effect on the listing; stock continues to trade as SCKT.
Price Impact
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