---
schema_version: "secwatch.filing_event.v1"
accession: "0001607062-23-000359"
form_type: "8-K"
ticker: "SOPA"
cik: "0001817511"
company_name: "SOCIETY PASS INCORPORATED."
filed_at: "2023-07-07T23:59:59+00:00"
generated_at: "2026-06-13T11:11:59.721190+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Society Pass subsidiary to acquire 95% of PT Inetindo Infocom for ~US$1.85M

## Summary
- Acquiring 95% of Indonesian Apple Premium Reseller PT Inetindo Infocom for AUD 2.78M (US$1.85M).
- Inetindo operates 26 Apple stores across 9 Indonesian cities, employs ~300 employees.
- Addition of ~US$30M in annual revenues (FY2022 AUD 42.4M); unaudited 1H FY23 rev +28% YoY.
- Deal expected to close by September 2023, subject to ASX and Story-I shareholder approvals.
- Acquisition expected to be accretive to Society Pass's non-GAAP EPS upon close.

## SEC filing metadata
- accession: 0001607062-23-000359
- form_type: 8-K
- ticker: SOPA
- cik: 0001817511
- company_name: SOCIETY PASS INCORPORATED.
- filed_at: 2023-07-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817511/000160706223000359/0001607062-23-000359-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817511/000160706223000359/sopa070523form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607062-23-000359
- JSON: https://secwatch.observer/filing/0001607062-23-000359.json
- Plain text: https://secwatch.observer/filing/0001607062-23-000359.txt

## Key facts
- Material Agreements
  SOCIETY PASS INCORPORATED. entered into Securities Purchase Agreement with Story-I Ltd., Story-I Pte Ltd., and Michael Chan valued at AUS$2,787,173 (approximately US$1.85 million) (effective 2023-06-30).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Story-I Ltd., Story-I Pte Ltd., and Michael Chan
  - Value: AUS$2,787,173 (approximately US$1.85 million)
  - Effective: 2023-06-30
  source text: On June 30, 2023, NextGen Retail Inc., a Nevada corporation (the “Buyer”), a wholly-owned subsidiary of Society Pass Incorporated (the “Registrant”), entered into a Securities Purchase Agreement with Story-I Ltd., an Australian corporation (“Story-I Australia”), Story-I Pte Ltd., a Singapore corporation (“Story-I Singapore”), a wholly-owned subsidiary of Story-I Australia, and Michael Chan, to purchase 95% of the outstanding shares (the “Majority Shares”) of PT Inetindo Infocom (the “Company”), an Indonesian company and retail reseller of Apple computers and other electronics in Indonesia.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817511/000160706223000359/0001607062-23-000359-index.htm

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