Society Pass files for Chapter 11 bankruptcy in Southern District of Texas

SOCIETY PASS INCORPORATED.

On May 12, 2026, Society Pass and its subsidiary SoPa, Inc. filed Chapter 11 petitions in the Southern District of Texas.
Non-debtor subsidiaries NusaTrip and Thoughtful Media Group are not included in the Chapter 11 cases.
The filing triggered an event of default accelerating obligations under a prepetition insurance agreement, with enforcement stayed by the Bankruptcy Code.
Company warns trading in its securities during bankruptcy is highly speculative and may not reflect actual recovery for holders.

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