01:07 PM EST, 11/12/2024 (MT Newswires) -- Socket Mobile ( SCKT ) filed a registration statement with the US Securities and Exchange Commission Tuesday for the potential sale of up to 1.1 million common shares by certain shareholders from time to time.

The company will not receive any net proceeds from the sale as the conversion of notes to shares will relieve the company of the $1 million it owes to the stockholders, it added.

Price: 1.18, Change: -0.02, Percent Change: -1.67