-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B73rt3pyOGHTOybLhuAoGWX0sG3A/+Aur64pq7yMfObcuvR7t6sxWvYMH3vEF6Ea 5AktS5Ibs3m0+/46nVrWhQ== 0000944075-07-000038.txt : 20071015 0000944075-07-000038.hdr.sgml : 20071015 20071015170825 ACCESSION NUMBER: 0000944075-07-000038 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20071012 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071015 DATE AS OF CHANGE: 20071015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOCKET COMMUNICATIONS INC CENTRAL INDEX KEY: 0000944075 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPUTERS [3571] IRS NUMBER: 943155066 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13810 FILM NUMBER: 071172447 BUSINESS ADDRESS: STREET 1: 39700 EUREKA DRIVE CITY: NEWARK STATE: CA ZIP: 94560-4808 BUSINESS PHONE: 5109333000 MAIL ADDRESS: STREET 1: 39700 EUREKA DRIVE CITY: NEWARK STATE: CA ZIP: 94560-4808 8-K 1 form-8k1015.htm

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

October 12, 2007
Date of Report
(Date of earliest event reported)


SOCKET COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)

 
Delaware
(State or other jurisdiction of incorporation)
001-13810
(Commission File Number)
94-3155066
(IRS Employer Identification No.)

39700 Eureka Drive
Newark, CA 94560
(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))


Item 8.01. Other Events

On October 12, 2007, Socket Communications, Inc. (the "Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (the "Staff") indicating that the Company regained compliance with the $1.00 minimum bid price requirement, as required by Marketplace Rule 4450(a)(5), for continued listing on the Nasdaq Global Market Exchange. Previously, on May 22, 2007, the Company received a deficiency letter from the Staff indicating that the Company had failed to comply with the minimum bid price requirement of $1.00 over the previous 30 consecutive business days as required by Marketplace Rule 4450(a)(5). During the subsequent compliance period provided under the Marketplace Rules, the closing bid price of the Company's common stock was at $1.00 per share or greater for at least 10 consecutive business days. Accordingly, the Staff has informed the Company that it has regained compliance with Marketplace Rule 4450(a)(5).

The full text of the Company's press release concerning its compliance with the minimum bid price requirement of Marketplace Rule 4450(a)(5) is furnished with this Current Report as Exhibit 99.2 and is incorporated by reference herein.


Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.
  
Description
 
99.1
   NASDAQ notice to the Company of compliance with Marketplace Rule 4450(a)(5) dated October 12, 2007
99.2
   Press release dated October 15, 2007

 


 

 

 

 

 

1


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 COMMUNICATIONS, INC.
     
   
Date: October 15, 2007
   By: /s/ David W. Dunlap
 
Name: David W. Dunlap
Vice President, Finance and Administration
and Chief Financial Officer

 

 

 

 

 

 

 

2


EXHIBIT INDEX

 

Exhibit No.
  
Description
 
99.1
   NASDAQ notice to the Company of compliance with Marketplace Rule 4450(a)(5) dated October 12, 2007
99.2
   Press release dated October 15, 2007

 

 

 

EX-99.1 2 pressrelease1015ex991.htm NASDAQ LETTER

Exhibit 99.1

NASDAQ
The Nasdaq Stock Market
9600 Blackwell Road
Rockville, MD 20850

By Electronic Delivery to: dave@socketmobile.com

October 12, 2007

Mr. David W. Dunlap
Chief Financial Officer
Socket Communications, Inc.
39700 Eureka Drive
Newark, CA 94560

Re: Socket Communications
      Nasdaq Symbol: SCKT

Dear Mr. Dunlap:

On May 22, 2007, Staff notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Marketplace Rules of The Nasdaq Stock Market (the "Rule"). Since then, the closing bid price of the Company's common stock has been at $1.00 per share or greater for at least 10 consecutive business days. Accordingly, the Company has regained compliance with Marketplace Rule 4450(a)(5) and this matter is now closed.

If you have any questions, please contact Tom Choe, Senior Analyst, at (301) 978-8027.

Sincerely,

/s/ Stanley Higgins
Stanley Higgins
Director
Nasdaq Listing Qualifications

EX-99.2 3 pressrelease1015ex992.htm PRESS RELEASE

Exhibit 99.2

Socket Mobile Contacts: Editorial Contacts:
Carol Montalvo Monica Appelbe or Michelle Homes
Sr. Marketing Communications Mgr. LEWIS PR
(510) 933-3051 (415) 992-4400
carol@socketmobile.com socketmobile@lewispr.com
   
Investor Relations Contacts:
David Dunlap Todd Kehrli, Jim Byers
Chief Financial Officer MKR Group, Inc.
(510) 933-3035 (323) 468-2300
dave@socketmobile.com sckt@mkr-group.com

 

 

 

 

 

 

 

 

Socket Communications Regains Compliance with
Nasdaq Minimum Bid Price Rules


NEWARK, Calif., - October 15, 2007 - Socket Communications, Inc. (NASDAQ: SCKT), dba Socket Mobile, Inc., an innovative provider of mobile productivity solutions, today announced that it received a NASDAQ Staff Letter, dated October 12, 2007, advising that the Company has regained compliance with the minimum $1.00 bid price requirement for continued listing on the NASDAQ Global Market Exchange required by Marketplace Rule 4450(a)(5). Previously, on May 22, 2007, Socket received a letter from the Listing Qualifications Department of The NASDAQ Stock Market indicating that that Company had failed to comply with the minimum bid price requirement of $1.00 over the previous 30 consecutive business days as required by the NASDAQ Marketplace Rules. During the subsequent compliance period provided under the Marketplace Rules, the closing bid price of the Company's common stock was at $1.00 per share or greater for at least 10 consecutive business days, returning the Company to compliance with Marketplace Rule 4450(a)(5).

About Socket Mobile

Socket Mobile makes mobility computing and productivity work. The company is a one-stop supplier of mobile computing hardware systems by offering a handheld mobile computer and one of the most complete portfolios of essential mobile data collection and networking connectivity peripherals that will enable mobile automation and productivity increases for small to medium deployments. The company also offers OEM partner solutions and software development programs. Socket is headquartered in Newark, Calif. and can be reached at 510-933-3000 or www.socketmobile.com.

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

© 2007, Socket Communications, Inc., dba Socket Mobile, Inc. All rights reserved.

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