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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments