Socket Mobile Dips Below $1 Mark Again as Nasdaq Deadline Nears
Socket Mobile traded under $1 again Wednesday. The data-capture tech company is still facing a Nasdaq listing issue tied to the price. Last trade was $0.9039, a gain of around 0.4%. Intraday range was $0.90 to $0.98. Volume came in at 229,471 shares, putting the company’s market cap near $7.4 million. Nasdaq notified Socket Mobile on May 19 that its shares closed under $1 for 30 business days in a row. Stocks on the exchange have to keep a bid price of at least $1 to hold on to their listing. Socket needs to get the price back above $1 for at least 10 business days in a row by Nov. 16, 2026, or it risks starting the delisting process.