Society Pass enters $10M at-the-market equity offering with Ascendiant Capital Markets

SOCIETY PASS INCORPORATED.

Entered Sales Agreement with Ascendiant Capital Markets for up to $10M of common stock in ATM offering.
Agent commission set at 3.0% of gross proceeds from each share sold under the agreement.
Offering made under effective S-3 registration (333-271030) and prospectus supplement dated August 18, 2023.
Company may sell shares at its discretion; no minimum obligation; program can be terminated by either party.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SOCIETY PASS INCORPORATED. entered into Sales Agreement with Ascendiant Capital Markets, LLC valued at up to $10,000,000 (effective 2023-08-21).

Action: entry
Agreement: atm program
Counterparty: Ascendiant Capital Markets, LLC
Value: up to $10,000,000
Effective: 2023-08-21

Exact text from the filing

On August 21, 2023, Society Pass Incorporated (the “ Company ”), entered into a Sales Agreement (the “ Sales Agreement ”) with Ascendiant Capital Markets, LLC (the “ Sales Agent ”), acting as the Company’s sales agent, pursuant to which the Company may offer and sell, from time to time, through the Sales Agent, its common stock, par value $0.0001 per share (the “ Common Stock ”).

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273 material agreements filed in the last 30 days. Browse all material agreements →

SOCIETY PASS INCORPORATED. filing history →

Source: SEC EDGAR

accession 0001213900-23-069357

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