regulatory
confidence high
sentiment neutral
materiality 0.60
Society Pass gets Nasdaq extension to Aug 18, 2025 to prove equity compliance
SOCIETY PASS INCORPORATED.
- Nasdaq Panel amended decision extending deadline to meet $2.5M stockholders' equity requirement from June 30 to August 18, 2025.
- Company must file Form 8-K detailing transactions undertaken to achieve compliance and show equity level.
- Extension follows prior delist notice in Feb 2025 and hearing in April; continued listing conditioned on compliance plan.
- Failure to meet the new deadline could result in delisting of SOPA common stock from Nasdaq.
item 3.01