---
schema_version: "secwatch.filing_event.v1"
accession: "0001607062-23-000297"
form_type: "8-K"
ticker: "SOPA"
cik: "0001817511"
company_name: "SOCIETY PASS INCORPORATED."
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:17:11.280666+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Society Pass receives Nasdaq deficiency notice for minimum bid price non-compliance

## Summary
- Nasdaq letter dated May 25, 2023 flags bid price below $1.00 for 30 consecutive business days.
- Company has 180 days, until November 21, 2023, to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not compliant by Nov 21, may qualify for extra 180-day period if other listing standards are met.
- Company considering options including a reverse stock split to cure the deficiency.
- No immediate impact on listing or trading of SOPA common stock.

## SEC filing metadata
- accession: 0001607062-23-000297
- form_type: 8-K
- ticker: SOPA
- cik: 0001817511
- company_name: SOCIETY PASS INCORPORATED.
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817511/000160706223000297/0001607062-23-000297-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817511/000160706223000297/sopa052623form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607062-23-000297
- JSON: https://secwatch.observer/filing/0001607062-23-000297.json
- Plain text: https://secwatch.observer/filing/0001607062-23-000297.txt

## Key facts
- Listing & Compliance Notices
  SOCIETY PASS INCORPORATED. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: May 25, 2023, Society Pass Incorporated (the “Company”) received a letter (the “Nasdaq Staff Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, for the last thirty (30) consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until November 21, 2023, to regain compliance. The letter states th
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817511/000160706223000297/0001607062-23-000297-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.