Socket Mobile (SCKT) Receives Non-Compliance Notification From NASDAQ
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Socket Mobile, Inc. (NASDAQ: SCKT) received a letter on May 21, 2012 from the Listing Qualifications Department of The NASDAQ Stock Market indicating that the Company fails to comply with the minimum stockholders' equity requirement of $2,500,000 for continued listing on the NASDAQ Capital Market set forth in Marketplace Rule 5550(b)(1). The Company reported a stockholders' equity balance of $2,445,759 as of March 31, 2012.
The Company will submit a definitive plan to the NASDAQ Listing Qualifications Staff (the "Staff") on or before July 5, 2012 describing its plans to regain compliance.
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The Company will submit a definitive plan to the NASDAQ Listing Qualifications Staff (the "Staff") on or before July 5, 2012 describing its plans to regain compliance.
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