Court enters ~$7.44M judgment against Society Pass in former employee lawsuit; company plans appeal

SOCIETY PASS INCORPORATED.

Court awarded O'Connor ~$6.616M plus interest for vested warrant shares and $824k plus interest for pre-August 2019 equity.
Dismissed O'Connor's salary/severance claims and CVO's $8M preferred stock claims; found O'Connor fraudulently induced agreements.
Court ordered 3M shares of subsidiary Thoughtful Media into escrow (July 2025) and 250k shares of NusaTrip (April 2026) pending judgment.
O'Connor enforcing judgment via restraining notices and seeking receiver; company evaluating appeal options.
Company's counterclaims for breach of contract/fiduciary duty dismissed except those related to fraud finding.

item 8.01

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