Data capture hardware and barcode scanning technology manufacturer Socket Mobile Inc. announced its intention to voluntarily delist its common shares from the Nasdaq Capital Market and transition its equity trading quotation to the OTCID Market. The company communicated its formal notification to Nasdaq and confirmed that the planned market transition is scheduled to become effective in mid-November 2026.
The company stated that the strategic decision was approved by its board of directors following a comprehensive review of the significant listing fees, administrative compliance overhead, and legal expenses required to maintain a major exchange listing. Management emphasized that transitioning quotation to the over-the-counter platform allows Socket Mobile to substantially reduce recurring operational expenses while maintaining public trading liquidity for shareholders and continuing public financial reporting under Securities and Exchange Commission guidelines for transparent corporate governance.
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Sources:
https://www.prnewswire.com/news-releases/socket-mobile-announces-intention-to-voluntarily-transition-listing-from-nasdaq-to-the-otcid-market-302921278.html