-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DYFvMMTv60/vzLUZMvHNzujF6iyqDPVBUBylOk1YXpjOdUAnHC10GXyfTvr+LnxN g8YTONSXtq7aYVrd8moerQ== 0000944075-08-000042.txt : 20081112 0000944075-08-000042.hdr.sgml : 20081111 20081112125103 ACCESSION NUMBER: 0000944075-08-000042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081107 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081112 DATE AS OF CHANGE: 20081112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOCKET MOBILE, INC. CENTRAL INDEX KEY: 0000944075 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPUTERS [3571] IRS NUMBER: 943155066 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25904 FILM NUMBER: 081179639 BUSINESS ADDRESS: STREET 1: 39700 EUREKA DRIVE CITY: NEWARK STATE: CA ZIP: 94560-4808 BUSINESS PHONE: 5109333000 MAIL ADDRESS: STREET 1: 39700 EUREKA DRIVE CITY: NEWARK STATE: CA ZIP: 94560-4808 FORMER COMPANY: FORMER CONFORMED NAME: SOCKET COMMUNICATIONS INC DATE OF NAME CHANGE: 19950418 8-K 1 form-8k1107.htm 8-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

__________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934


November 7 , 2008
Date of Report
(Date of earliest event reported)


SOCKET MOBILE, INC.
(Exact name of registrant as specified in its charter)

 
Delaware
(State or other jurisdiction of incorporation)
001-13810
(Commission File Number)
94-3155066
(IRS Employer Identification No.)

39700 Eureka Drive
Newark, CA 94560

(Address of principal executive offices, including zip code)

(510) 933-3000
(Registrant's telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 

Item 8.01. Other Events

On November 10, 2008, Socket Mobile, Inc. (the "Company") received a letter dated November 7, 2008 from the Listing Qualifications Department of The Nasdaq Stock Market (the "Staff") indicating that the Company regained compliance with the $1.00 minimum bid price requirement, as required by Marketplace Rule 4310(c)(4), for continued listing on the Nasdaq Capital Market Exchange.

Previously, on December 10, 2007, the Company received a deficiency letter from the Staff indicating that the Company had failed to comply with the minimum bid price requirement of the Nasdaq Global Market Exchange of $1.00 over the previous 30 consecutive business days as required by Marketplace Rule 4450(a)(5).

Following the transfer of the Company's listing to the Nasdaq Capital Market Exchange in June of 2008 and a one for ten reverse stock split which became effective prior to the market opening on October 24, 2008, the closing bid price of the Company's common stock has been at $1.00 per share or greater for at least ten consecutive business days, which brings the Company back into compliance with the minimum bid price requirement of Marketplace Rule 4310(c)(4). Accordingly, the Staff has informed the Company that it has regained compliance with Marketplace Rule 4310(c)(4).

The full text of the Company's press release concerning its compliance with the minimum bid price requirement of Marketplace Rule 4310(c)(4) is furnished with this Current Report as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number
 
Description
     
99.1
  Press release dated November 11, 2008

 

 


 


 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

                               

    SOCKET MOBILE, INC.
     
   
Date: November 11, 2008
  By: /s/ David W. Dunlap
 
David W. Dunlap
Vice President, Finance and Administration
and Chief Financial Officer

 

 

 

 

 

 


 

EXHIBIT INDEX

Exhibit Number
 
Description
     
99.1
  Press release dated November 11, 2008

 

 

 

 


EX-99.1 2 pressrelease1107ex991.htm PRESS RELEASE Untitled Document

Exhibit 99.1

 

Socket Mobile Media Contact:   Editorial Contact:
Carol Montalvo   Catherine Koo or Nicole Wasowski
Director of Marketing Communications   Lewis PR
(510) 933-3051   (415) 992-4400
carol@socketmobile.com   socketmobile@lewispr.com
     
Socket Mobile Investor Contact:   Investor Relations Contact:
David Dunlap   Todd Kehrli or Jim Byers
Chief Financial Officer   MKR Group, Inc.
(510) 933-3035   (323) 468-2300
dave@socketmobile.com   sckt@mkr-group.com

 

 

 

 

 

 

 

 


Socket Mobile Regains Compliance with Nasdaq Minimum Bid Price Rules


NEWARK, Calif., - November 11, 2008 - Socket Mobile, Inc. (NASDAQ: SCKT), an innovative provider of mobile productivity products, today announced that it received a Nasdaq Staff Letter dated November 7, 2008 advising that the Company has regained compliance with the minimum $1.00 bid price requirement for continued listing on the Nasdaq Capital Market Exchange required by Marketplace Rule 4310(c)(4). On October 23, 2008, the Company authorized a one-for-ten reverse stock split that was effective prior to the market opening on October 24, 2008. Since that date, the closing bid price of the Company's common stock has been above $1.00 per share for at least 10 consecutive business days. Accordingly, Nasdaq has informed Socket Mobile that it has regained compliance with Marketplace Rule 4310(c)(4).

About Socket Mobile, Inc.

Socket Mobile makes mobility computing and productivity work. The company is a one-stop supplier of mobile computing hardware systems, offering a handheld mobile computer specifically designed for business mobility use and an extensive portfolio of essential mobile data collection and networking peripherals that enable mobile automation and productivity increases. The company also offers OEM solutions. Socket is headquartered in Newark, Calif. and can be reached at 510-933-3000 or socketmobile.com.

Socket is a registered trademark of Socket Mobile, Inc. All other trademarks and trade names contained herein may be those of their respective owners. © 2008 Socket Mobile, Inc. All rights reserved.

###


-----END PRIVACY-ENHANCED MESSAGE-----