Socket Mobile Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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Item 1.01. Entry into a Material Definitive Agreement.
As previously disclosed in a Current Report on Form 8-K filed on September 1, 2020, Socket Mobile, Inc. (the “Company”) completed a secured subordinated convertible note (the “Note”) financing of $1,530,000 on August 31, 2020. The Note was subsequently amended on November 16, 2022 and May 1, 2024, extending its maturity date to August 30, 2025,
On July 31, 2025, the Company and the requisite holders of the outstanding notes entered into a Secured Subordinated Convertible Note Extension Agreement (the “Extension Agreement”), extending the maturity date of the notes from August 30, 2025 to August 30, 2027. All other terms and conditions of the notes remain in full force and effect.
The foregoing description of the Extension Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Extension Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Certain Relationships
Charlie Bass, Chairman of the Company’s Board of Directors (the “Board”); Kevin Mills, the Company’s Chief Executive Officer and a member of the Board; and Lynn Zhao, the Company’s Chief Financial Officer and a member of the Board, currently hold outstanding notes. Because the Extension Agreement involved such parties related to the Company, the Board’s disinterested directors approved the Extension Agreement.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description |
| 10.1 | Secured Subordinated Convertible Note Extension Agreement, effective as of July 31, 2025 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
| By: | /s/ Lynn Zhao Lynn Zhao Vice President, Finance and Administration and Chief Financial Officer |
Date: July 31, 2025