SOCIETY PASS INCORPORATED. (SOPA): Nasdaq/NYSE listing notice — Society Pass receives Nasdaq delisting notice for equity shortfall; plans appeal and $20M capital raise

SOCIETY PASS INCORPORATED.

Nasdaq notified delisting effective Feb 27, 2025 unless Company appeals by Feb 25; Company timely requested hearing, staying suspension.
Non-compliance with Rule 5550(b)(2): stockholders' equity fell below the required $2,500,000 minimum.
Company plans to raise $20M through IPO of subsidiaries NUSATRIP and Thoughtful Media Group, plus $500K via at-the-market offering.
Regained compliance with minimum bid price rule (closing bid > $1.00 for 11 consecutive days through Feb 14, 2025).
No assurance Panel will grant continued listing or that Company can regain compliance within any granted period.

item 3.01

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 delisting notice notice regarding stockholders equity (rules 5550(b)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: stockholders equity
Rules: 5550(b)(2)

Exact text from the filing

February 18, 2025, Society Pass Incorporated (the “Company”) received written notice (the “Delist Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the Company’s continued non-compliance with Rule 5550(b)(2) which requires that the Company shall maintain at least $2,500,000 stockholders’ equity, the Nasdaq staff has determined to delist the Company’s common stock from the Nasdaq Capital Market effective February 27, 2025 unless the Company timely requests an appeal of this determination before the Nasdaq Hearings Panel (the “Panel”) by February 25, 2025. The Comp

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Source: SEC EDGAR

accession 0001213900-25-016639

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