Socket Mobile, Inc. has announced a significant development regarding its secured subordinated convertible notes. On March 18, 2026, the company entered into an Extension Agreement with the holders of its outstanding notes, extending the maturity date from May 26, 2026, to May 26, 2028. This decision follows a previous financing round completed on May 26, 2023, where the company raised $1.6 million through these notes. The terms and conditions of the notes remain unchanged, ensuring that the company maintains its obligations while providing additional time to manage its financial commitments. The extension is expected to provide Socket Mobile with greater flexibility in its financial planning and operations, allowing it to focus on growth and strategic initiatives without the immediate pressure of repayment. The company’s leadership, including Chairman Charlie Bass and Board Director Bill Parnell, are among the holders of these notes, which were approved by a special committee of disinterested directors. This move is seen as a proactive step to strengthen the company’s liquidity position and support its ongoing operational execution.

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