other_material
confidence high
sentiment positive
materiality 0.75
Society Pass regains Nasdaq compliance with equity of $2.58M, exceeding $2.5M minimum
SOCIETY PASS INCORPORATED.
- Stockholders' equity attr. to company estimated at $2,584,706 as of June 30, 2025, above Nasdaq's $2.5M continued listing threshold.
- Convertible notes of $2.7M net proceeds closed by subsidiary TMG; fully converted by G Bridge, Creative Vision, and GRIT.
- Private placement of $300,000 completed with investor Jeremy Ong Shu Jin on June 23, 2025.
- Amendment corrects name of a convertible note holder; no other changes to original 8-K.
- Pro forma cash and equivalents rise to $12.1M from $8.8M at May 31, 2025.
item 9.01