other_material
confidence high
sentiment neutral
materiality 0.60
Society Pass invests $10.7M in Gorilla Networks and Sapience AI via cash and NusaTrip shares
SOCIETY PASS INCORPORATED.
- Purchased 7.03M shares of Gorilla Networks at $0.27/share for $1.9M: $400K cash and 333,017 shares of NusaTrip.
- Purchased 10,234 shares of Sapience AI at $860/share for $8.8M: $600K cash and 1.82M shares of NusaTrip.
- Of the shares issued, 2.46M Gorilla shares and 3,582 Sapience shares go to Ascendance for advisory services funded by Society Pass.
- Both agreements have customary closing conditions; no definitive closing date disclosed.
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