Society Pass Inc (Nasdaq: SOPA) Applies to Extend An Additional 180 Days to Meet the $1.00 Minimum Bid Price Requirement
14 Noviembre 2023 - 7:17AM
Society Pass Incorporated (Nasdaq: SOPA)
(“SoPa”), Southeast Asia (SEA)’s next generation,
data-driven, loyalty, fintech and e-commerce ecosystem, today
announces that it has applied to The Nasdaq Stock Market (“Nasdaq”)
requesting an additional 180 days to comply with the $1.00 minimum
bid price required for continued listing on The Nasdaq Capital
Market under Nasdaq Listing Rule 5550(a)(2).
With the exception of the bid price requirement,
SoPa believes it meets the continued listing requirements for
market value of publicly held shares and all other initial listing
standards for The Nasdaq Capital Market including stockholders’
equity, publicly held shares, public holders and market makers.
About Society Pass Inc.Founded
in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem
in the fast-growing markets of Vietnam, Indonesia, Philippines,
Singapore and Thailand, which account for more than 80% of the SEA
population, and with offices located in Bangkok, Ho Chi Minh City,
Jakarta, Manila, and Singapore, Society Pass
Incorporated (Nasdaq: SOPA) is an
acquisition-focused holding company operating 5 interconnected
verticals (loyalty, digital media, travel, telecoms, and
lifestyle), which seamlessly connects millions of registered
consumers and hundreds of thousands of registered merchants/brands
across multiple product and service categories throughout SEA.
Society Pass completed an initial public
offering and began trading on the Nasdaq under the ticker SOPA in
November 2021.
SoPa acquires fast growing e-commerce companies
and expands its user base across a robust product and service
ecosystem. SoPa integrates these complementary businesses through
its signature Society Pass fintech platform and circulation of its
universal loyalty points or Society Points, which has entered beta
testing and is expected to launch broadly at the beginning of 2023.
Society Pass loyalty program members earn and redeem Society Points
and receive personalised promotions based on SoPa’s data
capabilities and understanding of consumer shopping behaviour. SoPa
has amassed more than 3.7 million registered consumers and over
650,000 registered merchants and brands. It has invested 2+ years
building proprietary IT architecture to effectively scale and
support its consumers, merchants, and acquisitions.
Society Pass leverages technology to tailor a
more personalised experience for customers in the purchase journey
and to transform the entire retail value chain in SEA. SoPa
operates Thoughtful Media Group, a Thailand-based, a social
commerce-focused, premium digital video multi-platform
network; NusaTrip, a leading Indonesia-based Online Travel
Agency; VLeisure, Vietnam’s leading provider of hotel management
and payment solutions; Gorilla Global, a Singapore-based, mobile
network operator; Leflair.com, Vietnam’s leading lifestyle
e-commerce platform.
For more information on Society Pass, please
visit:
Website at https://www.thesocietypass.com or
LinkedIn at
https://www.linkedin.com/company/societypass or
Facebook at
https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass
or
Instagram at
https://www.instagram.com/societypass/.
Cautionary Note Concerning
Forward-Looking StatementsThis press release may include
“forward-looking statements,” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other
than statements of historical fact included in this press release
are forward-looking statements. When used in this press release,
words such as “anticipate”, “believe”, “estimate”, “expect”,
“intend” and similar expressions, as they relate to us or our
management team, identify forward-looking statements. Such
forward-looking statements are based on the beliefs of management,
as well as assumptions made by, and information currently available
to, the Company’s management. Actual results could differ
materially from those contemplated by the forward-looking
statements as a result of certain factors detailed in the Company’s
filings with the SEC. All subsequent written or oral
forward-looking statements attributable to us or persons acting on
our behalf are qualified in their entirety by this paragraph.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement and prospectus relating to the Company’s initial public
offering filed with the SEC. The Company undertakes no obligation
to update these statements for revisions or changes after the date
of this release, except as required by law.
Media Contact:Rokas
SidlauskasChief Marketing Officerrokas@thesocietypass.com
Society Pass (NASDAQ:SOPA)
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