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
June 10 ,
2008
Date of Report
(Date of earliest event reported)
__________________________
SOCKET
MOBILE, INC.
(Exact name of registrant as specified in its charter)
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(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 3.01 Notice of
Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer
of Listing.
On June 10, 2008, Socket
Mobile, Inc. (the "Company") announced that effective June 10, 2008,
the listing of the Company's common stock has been transferred from the NASDAQ
Global Market to the NASDAQ Capital Market. As previously announced on December
11, 2007, the Company received a letter from the NASDAQ Stock Market indicating
that the Company had failed to comply with the minimum bid price requirement
of $1.00 per share over the previous 30 consecutive business days as required
by Marketplace Rule 4450(a)(5). The letter stated that the Company has until
June 9, 2008 to regain compliance. If the Company does not regain compliance
by June 9, 2008, the Company may transfer the listing of its common stock to
the NASDAQ Capital Market if the common stock satisfies all criteria, other
than compliance with the minimum bid price requirement, for initial inclusion
on such market. With such transfer, the Company will be afforded an additional
180 calendar days from June 9, 2008 to comply with the minimum bid price requirement
while listed on the NASDAQ Capital Market.
Prior to June 9, 2008,
the Company submitted a transfer application with NASDAQ to transfer listing
of its common stock to the NASDAQ Capital Market. On June 10, 2008, NASDAQ approved
the transfer application and made the transfer, and the Company will be afforded
an additional compliance period of 180 calendar days, or until December 8, 2008,
to comply with the minimum bid price requirement of the NASDAQ Capital Market.
The Company's common stock
will continue to trade under the symbol "SCKT." The NASDAQ Stock Market
operates both the NASDAQ Global Market and the NASDAQ Capital Market. All companies
listed on the NASDAQ Capital Market must meet certain financial requirements
and adhere to similar corporate governance standards as companies listed on
the NASDAQ Global Market.
On June 10, 2008, the Company issued the press release attached to this Current Report as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
|
Exhibit
No.
|
Description
|
|
|
|
|
|
|
99.1
|
Press Release of Socket Mobile, Inc., dated June 10, 2008. |
1
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: June
10, 2008
|
By: /s/ | David W. Dunlap | |
|
|
Name:
David W. Dunlap Vice President, Finance and Administration and Chief Financial Officer |
||
2
EXHIBIT INDEX
|
Exhibit
No.
|
Description
|
|
|
|
|
|
|
99.1
|
Press Release of Socket Mobile, Inc., dated June 10, 2008. |