Highest-materiality recent filing
Society Pass receives Nasdaq delisting notice after filing Chapter 11 bankruptcy
Filed voluntary Chapter 11 petitions on May 12, 2026 in Southern District of Texas.
Society Pass files for Chapter 11 bankruptcy in Southern District of Texas
On May 12, 2026, Society Pass and its subsidiary SoPa, Inc. filed Chapter 11 petitions in the Southern District of Texas.
Society Pass receives Nasdaq delinquency notice for late 10-K filing
Received notice on April 16, 2026 for failure to file 10-K for FY2025.
Court enters ~$7.44M judgment against Society Pass in former employee lawsuit; company plans appeal
Court awarded O'Connor ~$6.616M plus interest for vested warrant shares and $824k plus interest for pre-August 2019 equity.
Society Pass receives Nasdaq bid price deficiency notice; 180 days to regain compliance
Nasdaq letter on March 26, 2026: common stock bid price below $1.00 for 30 consecutive business days.
Society Pass prices $3.0M public offering of common stock at $0.55/share; net proceeds ~$2.5M
Offering comprises 5,261,819 shares plus 120,000 pre-funded warrants at $0.55 per share; gross proceeds $3.0M.
Court awards $7.44M to former employee in Society Pass litigation; company plans appeal
Court finds O'Connor fraudulently induced company; rescinds subscription and software agreements; dismisses his salary/severance claims.
Society Pass invests $10.7M in Gorilla Networks and Sapience AI via cash and NusaTrip shares
Purchased 7.03M shares of Gorilla Networks at $0.27/share for $1.9M: $400K cash and 333,017 shares of NusaTrip.
Society Pass dismisses auditor Onestop, appoints AOGB for FY 2025
No disagreements or reportable events in fiscal years 2024 and 2023 with former auditor Onestop.
Society Pass closes $3M public offering of 1.5M shares at $2.00 per share
Gross proceeds of $3M from 1.5M shares at $2.00/share; net ~$2.5M after fees.
Society Pass Inc announces M&A strategy, highlights analyst reports; NusaTrip trading halt continues
Company rolls out M&A strategy targeting AI, data center, travel, ad, and telecom companies in SEA, Europe, and North America.
Society Pass COO Tjin Patrick Soetanto resigns effective Oct 31, 2025; position eliminated
Group COO Tjin Patrick Soetanto resigned effective October 31, 2025 to pursue other opportunities.
Society Pass director Loic Gautier voted out, resigns effective immediately
Director Loic Gautier received only 200,067 votes for (0.58%) vs 33M against; other five nominees each >96%.
Society Pass regains Nasdaq compliance on equity rule; avoids delisting
Received Nasdaq Compliance Letter on Sept 2, 2025, demonstrating compliance with $2.5M stockholders' equity requirement.
Society Pass subsidiary NusaTrip completes IPO, net proceeds ~$13.5M
NusaTrip IPO closed Aug 18, 2025; 3.75M shares sold at $4.00/share generating $15M gross.
Society Pass gets Nasdaq extension to Aug 18, 2025 to prove equity compliance
Nasdaq Panel amended decision extending deadline to meet $2.5M stockholders' equity requirement from June 30 to August 18, 2025.
Society Pass regains Nasdaq compliance with equity of $2.58M, exceeding $2.5M minimum
Stockholders' equity attr. to company estimated at $2,584,706 as of June 30, 2025, above Nasdaq's $2.5M continued listing threshold.
Society Pass regains Nasdaq equity compliance via convertible note conversions and private placement
Stockholders' equity attributable to co. as of June 30, 2025 pro forma ~$2.58M, exceeding Nasdaq's $2.5M minimum under Rule 5550(b)(1).
Society Pass raises $300K via private placement of 300K shares at $1.00 per share
Issues 300,000 common shares at $1.00 each for gross proceeds of $300,000.
Group CTO Howie Ng Kar How resigns; Society Pass eliminates CTO position
Howie Ng Kar How resigned as Group CTO effective June 20, 2025, to pursue other opportunities.
Society Pass increases authorized common stock from ~6.3M to 50M shares
Authorized common stock raised from 6,333,333 to 50,000,000 shares (7.9x increase).
On June 20, 2025, the Board of Directors of Society Pass Incorporated (the “Company”) accepted the resignation of Mr. Howie Ng Kar How (“Mr. Ng”) as the Group Chief Technology Officer (“CTO”).
Max materiality 0.95 · Median 0.65 · Most common event other_material