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.
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 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 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 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).
Nasdaq panel grants Society Pass extension to June 30, 2025 to regain equity compliance
Received delisting notice Feb 18, 2025 for failing to maintain $2.5M stockholders' equity (Rule 5550(b)(2)).
Nasdaq notified delisting effective Feb 27, 2025 unless Company appeals by Feb 25; Company timely requested hearing, staying suspension.
Society Pass receives Nasdaq deficiency notice for bid price below $1.00
Received Nasdaq letter on Dec 6, 2024; bid price below $1.00 for 30 consecutive business days.
Society Pass receives Nasdaq non-compliance notice for equity deficiency
Received Nasdaq letter on Aug 21, 2024: stockholders' equity below $2.5M minimum (Listing Rule 5550(b)(1)).
John Mackay and Linda Cutler resigned as directors effective May 31, 2024; Peter DiChiara resigned as secretary.
Society Pass regains compliance with Nasdaq minimum bid price rule
Nasdaq confirmed compliance on May 15, 2024, closing the matter.
Reverse stock split at 1-for-15 ratio effective at market open on May 1, 2024 on Nasdaq Capital Market.
Society Pass to spin out Thoughtful Media and NusaTrip via Nasdaq IPOs in 2024
Board approved spinout and IPO for TMG (digital advertising) and NusaTrip (online travel) on Nasdaq in 2024.
Society Pass enters $40M equity financing; appoints Raynauld Liang as CEO, replaces Dennis Nguyen
Up to $40M structured equity financing with Strattners FZCO; shares sold at 96% of VWAP; max $2M per advance.
Society Pass enters $10M at-the-market equity offering with Ascendiant Capital Markets
Entered Sales Agreement with Ascendiant Capital Markets for up to $10M of common stock in ATM offering.
Society Pass subsidiary to acquire 95% of PT Inetindo Infocom for ~US$1.85M
Acquiring 95% of Indonesian Apple Premium Reseller PT Inetindo Infocom for AUD 2.78M (US$1.85M).
Society Pass receives Nasdaq deficiency notice for minimum bid price non-compliance
Nasdaq letter dated May 25, 2023 flags bid price below $1.00 for 30 consecutive business days.
Society Pass Q1 revenue up 358% YoY; gross margin expands to 33.5%
Revenue of $2.04M vs $445K in Q1 2022; gross profit of $686K vs loss of $15K.
Society Pass Q4 revenue up 530% YoY; forecasts profitability in 2H 2023
Q4 2022 revenue $2.64M, up 530% YoY; full year revenue $5.64M, up 984% YoY.
SOPA acquires digital marketing firms; acquired entities show losses and going concern
Acquired AdActive Media CA and 99.75% of Thoughtful Thailand; closed July 7, 2022.
Society Pass acquires NusaTrip and Tunas for $620K, entering Indonesia travel market
Total purchase price of $620,000: $601,189 for Tunas and $18,811 for 75% of NusaTrip Intl.
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”).
On April 30, 2025, the Board of Directors of Society Pass Incorporated (the “Company”) accepted the resignation of Mr. Rokas Sidlauskas (“Mr. Sidlauskas”) as the Group Chief Marketing Officer (“CMO”).
On June 21, 2024, Jeremy Miller and Tan Bien Kiat resigned as directors of the board
On June 21, 2024, Jeremy Miller and Tan Bien Kiat resigned as directors of the board
appointed Travis Washko, Loic Gautier, Michael Freed, Vincent Puccio, Mark Carrington and Michael Dunn (the “New Directors”) as members of the Board to fill the vacancy created by the increase in size of the Board.
On May 31, 2024, John Mackay and Linda Cutler resigned as directors of the board (the “Board”) of directors of Society Pass Incorporated.
On May 31, 2024, John Mackay and Linda Cutler resigned as directors of the board (the “Board”) of directors of Society Pass Incorporated.
appointed Travis Washko, Loic Gautier, Michael Freed, Vincent Puccio, Mark Carrington and Michael Dunn (the “New Directors”) as members of the Board to fill the vacancy created by the increase in size of the Board.
appointed Travis Washko, Loic Gautier, Michael Freed, Vincent Puccio, Mark Carrington and Michael Dunn (the “New Directors”) as members of the Board to fill the vacancy created by the increase in size of the Board.
appointed Travis Washko, Loic Gautier, Michael Freed, Vincent Puccio, Mark Carrington and Michael Dunn (the “New Directors”) as members of the Board to fill the vacancy created by the increase in size of the Board.
appointed Travis Washko, Loic Gautier, Michael Freed, Vincent Puccio, Mark Carrington and Michael Dunn (the “New Directors”) as members of the Board to fill the vacancy created by the increase in size of the Board.
Peter DiChiara resigned as secretary (the “Secretary”) of the Company.
Max materiality 0.95 · Median 0.60 · Most common event other_material