Form 8-K

8-K — SOCKET MOBILE, INC.

Accession: 0000944075-26-000025

Filed: 2026-03-30

Period: 2026-03-30

CIK: 0000944075

SIC: 3571 (ELECTRONIC COMPUTERS)

Item: Entry into a Material Definitive Agreement

Item: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Item: Unregistered Sales of Equity Securities

Item: Financial Statements and Exhibits

Documents

8-K — form-8k0330.htm (Primary)

EX-10 — EXHIBIT 10.1 (ex10.htm)

EX-99 — EXHIBIT 99.1 (pressrelease.htm)

GRAPHIC (socketmobile.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: form-8k0330.htm · Sequence: 1

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0000944075

2026-03-18

0000944075

2026-03-27

2026-03-30

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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

March

27, 2026

Date of Report

(Date of earliest

event reported)

SOCKET MOBILE,

INC.

(Exact name of

registrant as specified in its charter)

Delaware

001-13810

94-3155066

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

40675 Encyclopedia Circle

Fremont, CA 94538

(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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $0.001 Par Value per Share

SCKT

NASDAQ

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934

(17 CFR §240.12b-2).

Emerging growth company [ ]

If an emerging growth company, indicate

by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial

accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Item 1.01. Entry into a

Material Definitive Agreement.

On March 27, 2026, Socket Mobile,

Inc. (the “Company”) completed a secured subordinated convertible note financing of $500,000 (the “Financing”).

The proceeds of the Financing will be used to increase the Company’s working capital balances.

The secured subordinated convertible notes (the “Notes”)

have a three-year term and will mature March 27, 2029. The interest rate on the Notes is 10% per year, payable quarterly in cash. The

holder of each Note may require the Company to repay the principal amount of the Note plus accrued interest at any time after March 27,

2027. The Notes are secured by the assets of the Company and are subordinated to the Company’s debts with Western Alliance Bank,

its senior lender. The principal amount of each Note is convertible at any time, at the option of the holder, into shares of the Company’s

common stock (“Common Stock”) at a conversion price of $0.90 per share. Failure to pay the principal payment or any interest

payment (with 5 days delinquency) when due are events of default under the Notes. The Company will use reasonable efforts to prepare

and file and cause to be declared effective pursuant to the Securities Act of 1933, as amended, no later than June 30, 2026, a Registration

Statement to provide for resales of the shares of Common Stock issuable upon conversion of the Notes.

Certain Relationships

Charlie Bass, Chairman of the

Company’s Board of Directors (the “Board”) participated in the Financing. Because the Financing involved such parties

related to the Company, a special committee of the Board comprising the Board’s disinterested directors approved the Financing.

The foregoing description of the

Notes does not purport to be complete and is qualified in its entirety by reference to the full text of the Form of the Secured Subordinated

Convertible Note, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference. The press release announcing

the Financing is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation

or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information set forth in Item

1.01 of this Current Report on Form 8-K that relates to the issuance of the Notes and the resulting incurrence of debt is incorporated

by reference into this Item 2.03.

Item 3.02. Unregistered

Sales of Equity Securities.

The information set forth in Item

1.01 of this Current Report on Form 8-K that relates to the Notes is incorporated by reference into this Item 3.02.

The Common Stock issuable upon

conversion of the Notes is not currently registered under the Securities Act. The Notes, and the Common Stock issuable upon conversion

thereof, are being issued to accredited investors in reliance upon exemptions from registration under Section 4(2) of the Securities Act

and Rule 506 of Regulation D promulgated thereunder. These securities may not be offered or sold in the United States absent registration

under, or an exemption from, the Securities Act and any applicable state securities laws.

Item

9.01 Financial Statements and Exhibits.

Exhibit No.

Description

10.1

Form of Secured Subordinated Convertible Note

99.1

Socket Mobile, Inc. Press Release, dated March 30, 2026

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

Name: Lynn Zhao

Vice President, Finance

and Administration

and Chief Financial Officer

Date: March 30, 2026

EX-10 — EXHIBIT 10.1

EX-10

Filename: ex10.htm · Sequence: 2

Exhibit 10.1

NEITHER THE ISSUANCE NOR SALE OF THE SECURITIES

REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES

ACT OF 1933, AS AMENDED (the “ACT”), OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD,

TRANSFERRED, PLEDGED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE ACT, OR (B)

AN OPINION OF COUNSEL TO THE HOLDER (IF REQUESTED BY THE COMPANY), IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS

NOT REQUIRED UNDER THE ACT, OR (II) UNLESS SOLD OR ELIGIBLE TO BE SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER THE ACT. THE ISSUER OF

THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER THAT SUCH SALE, TRANSFER, PLEDGE OR ASSIGNMENT

OTHERWISE COMPLIES WIH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS. ANY TRANSFEREE OF THIS NOTE SHOULD CAREFULLY REVIEW THE TERMS

OF THIS NOTE.

Socket

Mobile, Inc.

SECURED

SUBORDINATED CONVERTIBLE NOTE

Issuance Date: March 27, 2026

Principal Amount: U.S. $[__________]

FOR VALUE RECEIVED,

Socket Mobile, Inc., a Delaware corporation (the “Company”), hereby promises to pay to the order of _______,

or its registered assigns (the “Holder”), the principal amount of $[_______], (“Principal”), or

such lesser amount as shall equal the outstanding principal amount hereof, together with any accrued and unpaid interest on such Principal

as may be then outstanding at a rate equal to ten percent (10%) per annum, computed on the basis of actual number of days elapsed and

a year of 365 days, pursuant to Section 2 below (“Interest”), in lawful money of the United States of America

upon the earlier of (i) the Maturity Date (as defined below) or (ii) within ten (10) business days after the Company’s receipt

of a written request from the Holder made at any time on or after March 27, 2027 pursuant to Section 1 below; provided, in each

case, that such Principal and Interest have prior thereto not been converted into shares of Common Stock, $0.001 par value per share,

of the Company pursuant to Section 3 below.

This Secured Subordinated

Convertible Note (the “Note”) is one of a series of “Notes” issued on March 27, 2026, by the Company in

an aggregate principal amount of $500,000.00.

THE OBLIGATIONS DUE UNDER THIS NOTE ARE SUBJECT

TO THE TERMS OF THE SUBORDINATION AGREEMENT, DATED AS OF THE DATE HEREOF, AMONG THE HOLDERS OF THE NOTES, WESTERN ALLIANCE BANK AND THE

COMPANY.

REPAYMENT OF THE NOTE.

(a)

Repayment at Maturity. Unless the obligations under this Note are earlier repaid in full pursuant to Section 1(b),

1(c) or otherwise or converted pursuant to Section 3, the Company shall pay to the Holder an amount in cash representing

all outstanding Principal plus any accrued and unpaid Interest thereon on March 27, 2029 (the “Maturity Date”).

(b)

Mandatory Repayment at the Option of the Holder. The Holder shall have the right, at any time on or after March 27, 2027,

to require the Company to repay all or any portion of the outstanding Principal plus all accrued and unpaid Interest thereon. Such request

shall be made in writing delivered to the Chief Financial Officer of the Company in accordance with Section 20 below. Repayment

of such requested Principal and any accrued and unpaid Interest thereon shall be made no later than ten (10) business days following the

Company’s receipt of such request.

(c)

Mandatory Prepayment upon a Change of Control. In the event of a Change of Control, the outstanding Principal plus any accrued

and unpaid interest thereon, in each case, that has not otherwise been repaid, prepaid or converted in accordance with this Note, shall

automatically be due and payable immediately prior to the close of such Change of Control. The Company shall deliver to the Holder notice

of a Change of Control (the “Change of Control Notice”) not less than ten (10) calendar days prior to any anticipated

Change of Control effective date (the “Anticipated Change of Control Date”); provided, that if the Company does not

have ten (10) calendar days’ prior knowledge of such Change of Control, it shall provide such notice as soon as practicable after

obtaining knowledge thereof. For purposes of this Section 1(c), “Change of Control” shall mean (i) any "person"

(as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the "beneficial owner" (as defined in Rule 13d-3

of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting

power represented by the Company's then outstanding voting securities; (ii) the consummation of the sale or disposition by the Company

of all or substantially all of the Company's assets; or (iii) the consummation of a merger or consolidation of the Company with any other

corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior

thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity

or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving

entity or its parent outstanding immediately after such merger or consolidation.

INTEREST; INTEREST RATE. Interest on the Principal outstanding from time to time shall commence accruing on the Issuance

Date (as set forth above) and shall be payable in cash on the last business day of each calendar quarter until the Maturity Date, unless

paid earlier in connection with the repayment of Note pursuant to Section 1 hereof or conversion of the Note pursuant to Section

3 hereof, with such first payment due on June 30, 2026. The Holder has the option to defer quarterly interest payments (simple interest).

Deferred interest payments will be paid within thirty (30) days of written request by the Holder. Any deferred and unpaid interest will

be paid at the maturity date of the Note. No additional interest will be accrued on the deferred interest payments (simple interest).

CONVERSION RIGHTS. This Note shall be convertible at the option of the Holder into shares of Common Stock at any time on

or prior to the Maturity Date or earlier repayment pursuant to Section 1.

(a)

Conversion Right. Subject to any limitation set forth in this Section 3(a), at any time or times on or after the

Issuance Date up to and including the Maturity Date (or earlier repayment pursuant to Section 1), the Holder shall have the right

to convert any portion of the outstanding Principal (such requested amount, the “Conversion Amount”) into validly issued,

fully paid and non-assessable shares of Common Stock in accordance with Section 4, at the Conversion Price (as defined below).

Following the Company’s delivery of a Change of Control Notice to the Holder, the Holder shall have the right to convert this Note

pursuant to this Section 3(a) until the actual effective date of such Change of Control (any such conversion, a “Change

of Control Conversion”), after which time the Holder’s right to convert this Note shall terminate. Such request shall

be made in writing delivered to the Chief Financial Officer of the Company. Conversion shall be effective upon the date of such request

if received or such later date as may be requested by the Holder, but in no event later than the Maturity Date (the “Conversion

Date”). The Company shall not issue any fraction of a share of Common Stock upon any such conversion. If the issuance would

result in the issuance of a fraction of a share of Common Stock, the Company shall round such fraction down to the nearest whole share.

The Company shall pay any and all transfer, stamp, issuance and similar taxes that may be payable with respect to the issuance and delivery

of Common Stock upon conversion, provided, however, that in no event shall the Company be required to pay any such taxes that may be payable

in respect of the issuance and delivery of Common Stock in a name other than that of the Holder, and the Company shall not be required

to issue or deliver any such Common Stock unless and until the person or persons requesting the issue thereof shall have paid to the Company

the amount of such taxes or shall have established to the satisfaction of the Company that such taxes have been paid or are not payable.

(b) Conversion

Formula. The number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to Section 3(a)

(the “Conversion Shares”) shall be determined by dividing such Conversion Amount by the Conversion Price. For

purposes hereof, “Conversion Price” means $0.90, which was the market closing price of the Common Stock on March

27, 2026 on the Nasdaq Capital Market.

(c)

Principal Market Regulation. Notwithstanding any other provision of this Note, the Company shall not issue any shares of

Common Stock upon conversion of this Note if the issuance of such shares of Common Stock would exceed the aggregate number of shares of

Common Stock which the Company may issue upon conversion without breaching the Company’s obligations under the rules or regulations

of the Nasdaq Capital Market, except that such limitation shall not apply in the event that the Company: (i) obtains the approval of its

stockholders as required by the applicable rules of the Nasdaq Capital Market for issuances of shares of Common Stock in excess of such

amount, or (ii) obtains a written opinion from outside counsel to the Company that such approval is not required, which opinion is reasonably

satisfactory to the Holder.

CONVERSION PROCEDURES. In order to convert any Conversion Amount into applicable shares of Common Stock pursuant to Section

3 above, the Holder shall (i) deliver an executed notice of conversion, in the form attached hereto as Exhibit I (the “Conversion

Notice”), and (ii) surrender this Note to a nationally recognized overnight delivery service for delivery (or an indemnification

undertaking with respect to this Note in the case of its loss, theft or destruction as contemplated by Section 11), in each case,

to the Chief Financial Officer of the Company in accordance with Section 20. On or before the first (1st) trading day

following the date of receipt of a Conversion Notice, the Company shall transmit by facsimile or email an acknowledgment of confirmation,

in the form attached hereto as Exhibit II, of receipt of such Conversion Notice to the Holder and the Company’s transfer

agent (the “Transfer Agent”). On or before the third (3rd) trading day following the date of receipt of a Conversion

Notice, the Company shall cause the Transfer Agent to issue and deliver the Conversion Shares by means of delivery of book entry shares

to the account of the Holder or to the account of the securities intermediary of the Holder for the benefit of the Holder, in each case,

as specified in the Conversion Notice bearing restrictive legends referring to applicable securities laws, for the number of Conversion

Shares to which the Holder shall be entitled. If this Note is physically surrendered for conversion pursuant to this Section 4

and the then-outstanding Principal of this Note is greater than the portion of the Principal being converted, then the Company shall as

soon as practicable and in no event later than three (3) business days after receipt of this Note and at its own expense, issue and deliver

to the Holder (or its designee) a new Note representing the outstanding Principal not converted. The person or persons entitled to receive

the shares of Common Stock issuable upon a conversion of this Note shall be treated for all purposes as the record holder or holders of

such shares of Common Stock on the Conversion Date. Notwithstanding the foregoing, any Conversion Shares issuable in connection with a

Change of Control Conversion shall be issued within three (3) business days following the actual effective date of the Change of Control.

EVENTS OF DEFAULT. The occurrence of the Company’s failure to pay (i) when due any principal payment on the

due date hereunder or (ii) any interest payment or other payment required under the terms of this Note on the date due and such payment

shall not have been made within five (5) business days of the Company’s receipt of written notice to the Company of such failure

to pay, in either case, shall constitute an “Event of Default.” Upon the occurrence and during the continuance of any

Event of Default, the principal amount of the Note outstanding and, to the extent permitted by applicable law, any interest payments on

the Notes owed hereunder that, in either case, are then due and owing, shall thereafter bear interest payable on demand at a rate that

is 10.0% per annum in excess of the interest rate otherwise payable hereunder with respect to the Note.

RESERVATION OF AUTHORIZED SHARES. The Company shall initially reserve out of its authorized and unissued Common Stock a

number of shares of Common Stock sufficient to permit conversion of this Note. Thereafter, so long as any portion of this Note remains

outstanding, the Company shall take all reasonable action necessary to reserve and keep available out of its authorized and unissued Common

Stock, solely for the purpose of effecting the conversion of the Note, the number of shares sufficient to permit conversion of this Note.

VOTING RIGHTS. The Holder shall have no voting rights with respect to any shares of Common Stock issuable upon conversion

of this Note prior to the applicable Conversion Date.

SECURITY. This Note and the other Notes are secured by the assets of the Company, including its intellectual property assets,

excluding assets securing specific liens.

REGISTRATION. The Company will use reasonable efforts to prepare and file and use reasonable efforts to cause to be declared

effective or otherwise become effective pursuant to the Securities Act no later than June 30, 2026 a Registration Statement or post-effective

amendment to an existing Registration Statement in order to provide for resales of the Registrable Securities to be made on a delayed

or continuous basis pursuant to Rule 415 under Act (subject to the availability of a Registration Statement on Form S-3 or any

successor form thereto). “Registrable Securities” shall mean the Notes and the shares of Common Stock issuable upon

conversion thereof; provided, any such securities shall cease to be Registrable Securities when (a) they have been sold or otherwise disposed

of pursuant to an effective Registration Statement or in compliance with Rule 144 or (b) they cease to be outstanding; provided,

further, that any security that has ceased to be Registrable Securities in accordance with the foregoing definition shall not thereafter

become Registrable Securities and any security that is issued or distributed in respect of securities that have ceased to be Registrable

Securities are not Registrable Securities.

10.

REPRESENTATIONS AND WARRANTIES OF INVESTORS. The Holder represents and warrants to the Company as follows, as of the date

hereof:

(a)

No Public Sale or Distribution. The Holder is acquiring its Note, and upon conversion of its Note will acquire the Conversion

Shares (together with the Note, the “Securities”) issuable upon conversion thereof, in each case, for its own account

and not with a view towards, or for resale in connection with, the public sale or distribution thereof in violation of applicable securities

laws, except pursuant to sales registered or exempted under the Act. The Holder does not presently have any agreement or understanding,

directly or indirectly, with any person to distribute any of the Securities in violation of applicable securities laws.

(b)

Accredited Investor Status. Such Holder is an “accredited investor” as that term is defined in Rule 501(a) of

Regulation D.

(c)

Reliance on Exemptions. Such Holder understands that the Securities are being offered and sold to it in reliance on specific

exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying in part

upon the truth and accuracy of, and such Holder’s compliance with, the representations, warranties, agreements, acknowledgments

and understandings of such Holder set forth herein in order to determine the availability of such exemptions and the eligibility of such

Holder to acquire the Securities.

(d)

Information. Such Holder and its advisors, if any, have been furnished with all materials relating to the business, finances

and operations of the Company and materials relating to the offer and sale of the Securities which have been requested by such Holder.

Such Holder and its advisors, if any, have been afforded the opportunity to ask questions of the Company. Such Holder understands that

its investment in the Securities involves a high degree of risk. Such Holder has sought such accounting, legal and tax advice as it has

considered necessary to make an informed investment decision with respect to its acquisition of the Securities.

(e)

No Governmental Review. Such Holder understands that no United States federal or state agency or any other government or

governmental agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment

in the Securities nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

(f)

Transfer or Resale. Such Holder understands that, except as set forth in Section 9: (i) the Securities have not been

and are not being registered under the Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred

unless (A) subsequently registered thereunder, (B) such Holder shall have delivered to the Company (if requested by the Company) an opinion

of counsel to such Holder, in a form reasonably acceptable to the Company, to the effect that such Securities to be sold, assigned or

transferred may be sold, assigned or transferred pursuant to an exemption from such registration, or (C) such Holder provides the Company

with reasonable assurance that such Securities can be sold, assigned or transferred pursuant to Rule 144 or Rule 144A promulgated under

the Act (or a successor rule thereto) (collectively, “Rule 144”); (ii) any sale of the Securities made in reliance

on Rule 144 may be made only in accordance with the terms of Rule 144, and further, if Rule 144 is not applicable, any resale of the Securities

under circumstances in which the seller (or the person (as defined below) through whom the sale is made) may be deemed to be an underwriter

(as that term is defined in the Act) may require compliance with some other exemption under the Act or the rules and regulations of the

SEC promulgated thereunder; and (iii) neither the Company nor any other person is under any obligation to register the Securities under

the Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder.

(g)

Validity; Enforcement. This Note has been duly and validly authorized, executed and delivered on behalf of such Holder and

constitutes the legal, valid and binding obligations of such Holder enforceable against such Holder in accordance with their respective

terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization,

moratorium, liquidation and other similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights

and remedies.

(h)

Manipulation of Prices. Neither such Holder, nor to such Holder’s knowledge, any of its affiliates or investment advisors,

has taken or may take, directly or indirectly, any action designed to cause or result in, or which has constituted or which might reasonably

be expected to constitute, the manipulation of the price of the shares of Common Stock.

(i)

Residency. Such Holder is a resident of the jurisdiction specified below its address on the Schedule of Holders.

11.

LOST, STOLEN OR MUTILATED NOTE. Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss,

theft, destruction or mutilation of this Note (as to which a written certification shall suffice as such evidence), and, in the case of

loss, theft or destruction, of any indemnification undertaking by the Holder to the Company in customary and reasonable form, and, in

the case of mutilation, upon surrender and cancellation of this Note, the Company shall execute and deliver to the Holder a new Note representing

the then-outstanding Principal.

12.

TRANSFER RESTRICTIONS. The rights and obligations of the Company and Holder shall be binding upon and benefit the successors,

assigns, heirs, administrators and transferees of the parties.

13.

WAIVER AND AMENDMENT. Any provision of this Note may be amended, waived or modified upon the written consent of the Company

and a Majority in Interest of Holders; provided, however, that no such amendment, waiver or consent shall: (i) reduce the

principal amount of this Note without Holder’s written consent, or (ii) reduce the rate of interest of this Note without Holder’s

written consent. “Majority in Interest of Holders” shall mean Holders holding more than 66.67% of the aggregate outstanding

principal amount of the Notes.

14.

PARI PASSU NOTES. Holder acknowledges and agrees that the payment of all or any portion of the outstanding principal

amount of this Note and all interest hereon shall be pari passu in right of payment and in all other respects to any other Notes.

In the event Holder receives payments in excess of its pro rata share of the Company’s payments to the holders of all of

the Notes, then Holder shall hold in trust all such excess payments for the benefit of the holders of the other Notes and shall pay such

amounts held in trust to such other holders upon demand by such holders.

15.

USURY. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then

that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal

and applied against the principal of this Note.

16.

CURRENCY. All dollar amounts referred to in this Note are in United States Dollars, and, unless converted into the Company’s

equity securities pursuant to the terms hereof, all amounts owing under this Note shall be paid in such currency.

17.

CANCELLATION. After all Principal and accrued and unpaid Interest owed on this Note have either been paid or converted in

full, this Note shall automatically be deemed canceled. Thereupon, the Holder shall promptly surrender this Note to the Company for cancellation,

and it shall not be reissued.

18.

COUNTERPARTS. This Note may be executed in any number of counterparts and by different parties on separate counterparts,

each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute

but one and the same Note.

19.

GOVERNING LAW, JURISDICTION AND OTHER MATTERS. This Note and all actions arising out of or in connection with this Note

shall be governed by and construed in accordance with, the laws of the State of California, without giving effect to any choice of law

or conflict of law provision or rule (whether of the State of California or any other jurisdictions) that would cause the application

of the laws of any jurisdictions other than the State of California. The courts of the Northern District of California and state courts

located in Alameda County in the State of California shall be the exclusive jurisdiction for the adjudication of any dispute hereunder

or in connection herewith or with any transaction contemplated hereby or discussed herein, and the Holder hereby irrevocably waives, and

agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court,

that such suit, action or proceeding is brought in an inconvenient forum, or that the venue of such suit, action or proceeding is improper.

In the event that any provision of this Note is found to be invalid or unenforceable under any applicable statute or rule of law, then

such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such

statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability

of any other provision of this Note. By

acceptance of this Note, Holder hereby agrees and the Company hereby agrees to waive their respective rights to a jury trial of any claim

or cause of action based upon or arising out of this Note. If the jury waiver set forth in this

paragraph is not enforceable, then any claim or cause of action arising out of or relating to this Note or any of the transactions contemplated

therein shall be settled by judicial reference pursuant to California Code of Civil Procedure Section 638 et seq. before a referee

sitting without a jury, such referee to be mutually acceptable to the parties or, if no agreement is reached, by a referee appointed by

the presiding judge of the California Superior Court for Alameda County. This paragraph shall not restrict a party from exercising remedies

under the Uniform Commercial Code or from exercising pre-judgment remedies under applicable law.

20.

NOTICES. All notices, requests, demands, consents, instructions or other communications required or permitted hereunder

shall be in writing and sent, mailed or delivered to each party at the respective addresses of the parties as set forth on the signature

page to this Note, or at such other address as the Company shall have furnished to the Holder in writing. All such notices and communications

will be deemed effectively given the earlier of (i) when received, (ii) when delivered personally, (iii) when sent, if

sent by electronic mail during normal business hours of the recipient, and if not sent during normal business hours, then on the recipient’s

next business day, (iv) one business day after being deposited with an overnight courier service of recognized standing or (v) four

days after being deposited in the U.S. mail, first class with postage prepaid. In the event of any conflict between the Company’s

books and records and this Note or any notice delivered hereunder, the Company’s books and records will control absent fraud or

error.

21.

WITHHOLDING. Notwithstanding any other provision to the contrary, the Company shall be entitled to deduct and withhold from

any amounts payable or otherwise deliverable pursuant to this Note such amounts as may be required to be deducted or withheld therefrom

under any provision of applicable law, and to request and be provided any necessary tax forms and information, including IRS Form W-8BEN-E

(or other appropriate version of IRS Form W-8 or IRS Form W-9), as applicable, from each beneficial owner of this Note. To the extent

such amounts are so deducted or withheld and paid over to the appropriate taxing authority, such amounts shall be treated for all purposes

under this Note as having been paid to the person to whom such amounts otherwise would have been paid.

[Signature Page Follows]

IN WITNESS WHEREOF, the

Company has caused this Note to be duly executed as of the Issuance Date set out above.

SOCKET MOBILE, INC.:

By: ___________________________________

Name:

Lynn Zhao

Title: Chief Financial Officer

40675 Encyclopedia Circle

Fremont,

California 94538

HOLDER

By: ___________________________________

Name:

Title:

[HOLDER ADDRESS]

EXHIBIT I

Socket Mobile, INC.

CONVERSION NOTICE

Reference is made to the

Secured Subordinated Convertible Note dated March 27, 2026 (the “Note”) issued to the undersigned Holder (or its predecessor

Holder) by Socket Mobile, Inc. (the “Company”). In accordance with and pursuant to Section 3 of the Note, the

undersigned hereby elects to convert the amount of Principal of the Note indicated below into shares of Common Stock, $0.001 par value

per share, of the Company, as of the date specified below.

Date of Conversion:

Principal to be converted:

AGGREGATE AMOUNT TO BE CONVERTED:

Please confirm the following information:

Conversion Price:

Number of shares of Common Stock to be issued:

Please issue the Common Stock issuable upon conversion of the above [aggregate] amount in the following name and to the following account:

Issue to:

Tax ID:

Facsimile Number:

Holder:

By:

Title:

Dated:

EXHIBIT II

SOCKET MOBILE, INC.

CONVERSION NOTICE ACKNOWLEDGMENT

Socket Mobile, Inc. hereby

acknowledges receipt of this Conversion Notice and hereby directs American Stock Transfer & Trust to issue the indicated number of

shares of Common Stock to the person/entity set forth in the attached Conversion Notice dated _________, 20__.

SOCKET MOBILE, INC.:

By: ___________________________________

Name:

Title:

EX-99 — EXHIBIT 99.1

EX-99

Filename: pressrelease.htm · Sequence: 3

Exhibit

99.1

Socket

Mobile Announces $0.5 Million Secured Subordinated Convertible Note Financing

FREMONT,

Calif., March 30, 2026 – Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for

enhanced productivity, today announced completion of a secured subordinated convertible note financing of $0.5 million. The proceeds

will be used to increase the Company’s working capital balances.

The

notes have a three-year term and will mature on March 27, 2029. The interest rate on the notes is 10%, payable quarterly in cash. The

holder of each note may require the Company to repay the principal amount of the note plus accrued interest at any time after March 27,

2027. The notes are secured by the assets of the Company and are subordinated to the Company’s debts with Western Alliance Bank,

its senior lender. The principal amount of each note is convertible at any time, at the option of the holder, into shares of the Company’s

common stock at a conversion price of $0.90 per share, the closing price of the common stock on the Nasdaq Capital Market on March 27,

2026, and the most recent closing price as of the closing of the financing.

The

related party participating in the financing is Charlie Bass, Chairman of the Company’s Board of Directors.

Additional

details regarding the financing will be provided in Form 8-K to be filed by the Company with the SEC.

About

Socket Mobile:

Socket Mobile is a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Socket

Mobile’s revenue is primarily driven by the deployment of third-party barcode-enabled mobile applications that integrate Socket

Mobile’s cordless barcode scanners and contactless readers/writers. Mobile Applications servicing the specialty retailer, field

service, digital ID, transportation, and manufacturing markets are the primary revenue drivers. Socket Mobile has a network of thousands

of developers who use its software developer tools to add sophisticated data capture to their mobile applications. Socket Mobile is headquartered

in Fremont, Calif., and can be reached at +1-510-933-3000 or www.socketmobile.com (AU, EMEA, UK). Follow Socket Mobile

on LinkedIn, X,

and keep up with our latest News and Updates (AU, EMEA, UK).

Socket

Investor Contact:

Lynn

Zhao

Chief

Financial Officer

510-933-3016

lynn@socketmobile.com

Socket

is a registered trademark of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective owners.

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