SOCIETY PASS INCORPORATED. (SOPA): Nasdaq/NYSE listing notice — Society Pass receives Nasdaq deficiency notice for bid price below $1.00

SOCIETY PASS INCORPORATED.

Received Nasdaq letter on Dec 6, 2024; bid price below $1.00 for 30 consecutive business days.
Has 180 days until June 4, 2025 to regain compliance by closing at $1.00+ for 10 consecutive days.
If not compliant by June 4, may qualify for additional 180 days if other listing standards met.
Company may consider reverse stock split or other options to cure the deficiency.
No immediate effect on listing or trading; risk of delisting if not cured.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

SOCIETY PASS INCORPORATED. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

December 6, 2024, Society Pass Incorporated (the “Company”) received a letter (the “Nasdaq Staff Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, for the last thirty (30) consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until June 4, 2025, to regain compliance. The letter states tha

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SOCIETY PASS INCORPORATED. filing history →

Source: SEC EDGAR

accession 0001213900-24-108431

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