SOCIETY PASS INCORPORATED. (SOPA): going-concern / distress — 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.

item 1.03 item 2.04 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SOCIETY PASS INCORPORATED. faced acceleration on loan.

Instrument: loan
Event: acceleration

Exact text from the filing

The filing of the Chapter 11 Cases described above in Item 1.03 constitutes an event of default that accelerated the Debtors’ respective obligations under the following of the Company’s debt instruments (the “ Debt Instrument ”): ● Prepetition Insurance Agreement.

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Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

SOCIETY PASS INCORPORATED. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2026-05-12).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the Southern District of Texas
Petition: 2026-05-12

Exact text from the filing

On May 12, 2026 (the “ Petition Date ”), Society Pass Incorporated, a Nevada corporation (the “ Company ”) and SoPa, Inc., a wholly-owned subsidiary of the Company, and a Texas corporation (“ SoPa ”) (collectively, the “ Debtors ”), filed voluntary petitions (the “ Chapter 11 Cases ”) for relief under chapter 11 of title 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the Southern District of Texas (the “ Bankruptcy Court ”).

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101 debt financings filed in the last 30 days. Browse all debt financings →

SOCIETY PASS INCORPORATED. filing history →

Source: SEC EDGAR

accession 0001493152-26-023162

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