Socket Mobile Announces Intention to Voluntarily Transition Listing from Nasdaq to the OTCID Market
PR Newswire•27/10/2026•16:55 ET
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Key Highlights
- ➤Socket Mobile (SCKT) plans voluntary Nasdaq delisting and OTCID transition
- ➤Board cites Nasdaq listing costs and compliance overhead as no longer optimal
- ➤Company falls below Nasdaq’s $2.5 million stockholders’ equity requirement
- ➤Nasdaq trading expected to cease November 18; OTCID quotation targeted November 19
- ➤Socket Mobile expects to continue SEC periodic reporting after transition
Expert Statements
Lynn Zhao, Chief Financial Officer of Socket Mobile
“The Company intends to continue filing periodic reports, including Forms 10-K, 10-Q, and 8-K, with the SEC in accordance with applicable rules under the Exchange Act.”
Socket Mobile Announces Intention to Voluntarily Transition Listing from Nasdaq to the OTCID Market PR Newswire
FREMONT, Calif., Oct. 27, 2026 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced workplace productivity, today announced that its Board of Directors has approved a plan to voluntarily withdraw the listing of its common stock from The Nasdaq Capital Market and transition the quotation of its shares to the OTCID Market operated by OTC Markets Group Inc.
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