SOPA SOCIETY PASS INC

Society Pass Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

Society Pass Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

SINGAPORE, May 16, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (NASDAQ: SOPA) (“SoPa” or the “Company”), a leading e-commerce ecosystem in Southeast Asia (“SEA”), announced a formal notification from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with Listing Rule 5550(a)(2), which requires the Company’s common stock to maintain a minimum bid price of $1.00 per share.

Nasdaq made this determination after the closing bid price for Company’s stock was at $1.00 per share or greater for the prior 10 consecutive business days. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers the prior bid price deficiency matter now closed.

About Society Pass

Established in 2018, Society Pass Inc. operates as a data-driven e-commerce ecosystem across Vietnam, Indonesia, Philippines, Singapore, and Thailand. With strategic offices across SEA, the company operates in interconnected verticals—loyalty, digital media, travel, telecommunications and lifestyle—serving consumers and merchants/brands in Southeast Asia. Society Pass Incorporated (Nasdaq: SOPA) is committed to driving innovation and reshaping the digital commerce landscape in the region.

For more information, please visit:

Website:  

LinkedIn:  

Facebook:  

Twitter: 

Instagram:  

Cautionary Note Concerning Forward-Looking Statements:

This press release may contain forward-looking statements within the meaning of applicable securities laws. Such statements are based on management's current expectations and beliefs and are subject to various risks and uncertainties that could cause actual results to differ materially. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward-looking statements contained herein, except as required by applicable laws.

Media Contact:

Rokas Sidlauskas

Chief Marketing Officer

Email:  



EN
16/05/2024

Underlying

SOPASOCIETY PASS INC

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SOCIETY PASS INC

 PRESS RELEASE
Free
SOPA SOCIETY PASS IN...

Society Pass Inc. Bolstering Subsidiaries Ahead of IPOs to Drive Growt...

Society Pass Inc. Bolstering Subsidiaries Ahead of IPOs to Drive Growth and Customer Engagement SINGAPORE, June 20, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (NASDAQ: SOPA), Southeast Asia’s premier data-driven loyalty, fintech, and e-commerce ecosystem, is gearing up for the upcoming IPOs of its key subsidiaries, NusaTrip.com and Thoughtful Media Group. NusaTrip.com, a leading travel platform in Indonesia, and Bangkok’s innovative advertising agency, Thoughtful Media Group, are set to undergo significant enhancements to increase customer engagement, expand market reach, and deliver unpa...

June 20, 2024 1 EN
 PRESS RELEASE
Free
SOPA SOCIETY PASS IN...

Ascendiant Capital publishes a company update on Society Pass (NASDAQ:...

Ascendiant Capital publishes a company update on Society Pass (NASDAQ: SOPA), expecting strong growth over the next year SINGAPORE, May 28, 2024 (GLOBE NEWSWIRE) -- Ascendiant Capital compiles a report on The Society Pass (NASDAQ: SOPA) fiscal Q4 2023 results and estimates adjusted revenue of $10million. Ascendiant Capital believes that continued strong economic expansion, robust population growth, rising level of urbanization, the emergence of the middle class, and the increasing rate of adoption of mobile technology provide large and fast-growing opportunities for Society Pass. In Oct...

May 28, 2024 1 EN
 PRESS RELEASE
Free
SOPA SOCIETY PASS IN...

Society Pass Regains Compliance with Nasdaq Minimum Closing Bid Price ...

Society Pass Regains Compliance with Nasdaq Minimum Closing Bid Price Rule SINGAPORE, May 16, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (NASDAQ: SOPA) (“SoPa” or the “Company”), a leading e-commerce ecosystem in Southeast Asia (“SEA”), announced a formal notification from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with Listing Rule 5550(a)(2), which requires the Company’s common stock to maintain a minimum bid price of $1.00 per share. Nasdaq made this determination after the closing bid price for Company’s stock was at $1.00 per share or greater for...

May 16, 2024 1 EN
 PRESS RELEASE
Free
SOPA SOCIETY PASS IN...

Society Pass Set to Unlock and Monetize Current and Future Subsidiary ...

Society Pass Set to Unlock and Monetize Current and Future Subsidiary Spin-Off Opportunities Through Strong and Flexible Financing SINGAPORE, May 01, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (NASDAQ: SOPA) (“SoPa” or the “Company”), a leading e-commerce ecosystem in Southeast Asia (“SEA”), is excited to offer additional details related to its successful financing of future growth initiatives, including the Company’s ability to spin off various subsidiaries to monetize intrinsic value and finance future acquisition opportunities. As announced on April 24, 2024, following the recent ...

May 1, 2024 1 EN
 PRESS RELEASE
Free
SOPA SOCIETY PASS IN...

Society Pass Incorporated Announces 1-for-15 Reverse Split

Society Pass Incorporated Announces 1-for-15 Reverse Split NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (Nasdaq: SOPA) (“SOPA” or the “Company”), Southeast Asia’s (SEA) next generation, e-commerce ecosystem, today announced that the board approved a proposed 1-for-15 shares reverse split of its common stock (the "Reverse Split").  Beginning with the opening of trading on May 1, 2024, the Company's common stock will begin trading on a post-Reverse Split basis on the Nasdaq Capital Market under the same symbol "SOPA", but under a new CUSIP number of 83370P201. The objecti...

April 26, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch