Benzinga | Dec 14, 2020 05:22AM EST

Socket Mobile Shares Rise 50% Premarket; Co Reported in 8K Filing Friday it Received Notice of Forgiveness for $1.06M PPP Loan

On December 10, 2020, the Company received a notice from Western Alliance Bank regarding forgiveness of theloan in the principal amount of approximately $1.06 million that was made pursuant to the Small Business Administration Paycheck Protection Program ("PPP") under the Coronavirus Air, Relief and Economic Security Act of 2020. According to the Notice, the full principal amount of the PPP Loan and the accrued interest have been forgiven