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

 

September 6, 2011

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.)

 

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 1.02. Termination of a Material Definitive Agreement

 

As described in the Current Report of Socket Mobile, Inc. (the “Company”) filed on Form 8-K on November 19, 2010, the Company entered into a Securities Purchase Agreement with an accredited investor (the "Investor") for the private placement of a Senior Secured Convertible Note (the “Note”) having a principal amount of $1,000,000. The Note was convertible into common stock at the option of the Investor and matured on May 19, 2012.

 

On September 7, 2011, the Company reported in a press release attached to this Current Report as Exhibit 99.1 that it has completed the conversion of the Note into common stock pursuant to the terms of the Note. The Note was secured by all of the assets of the Company. The Note and the security arrangements expired upon full conversion of the Note principle.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits.

 

Exhibit No.		Description
99.1		Sock et Mobile, Inc. Press Release, dated September 7, 2011.

 

 

 

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/ David W. Dunlap
		Name: David W. Dunlap Vice President, Finance and Administration and Chief Financial Officer

 

Date: September 7, 2011