Socket Mobile Receives Letter From NASDAQ Citing Non-Compliance With Minimum Stockholders' Equity Rules
Socket Mobile, Inc. (NASDAQ: SCKT) reported today that the Company 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.
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