NusaTrip (NASDAQ: NUTR) announced it received a Nasdaq Staff Delisting Determination on August 3, 2026, stating Nasdaq intends to delist its securities under Listing Rule IM-5101-4 and Rule 5250(c)(1) due to delayed Form 10-K and Form 10-Q filings.
According to NusaTrip, Nasdaq also cited public interest concerns arising from the Chapter 11 bankruptcy of controlling shareholder Society Pass (SOPA), which holds 78% of NusaTrip’s voting power and is now subject to bankruptcy proceedings. NusaTrip does not plan to appeal and will seek to have its shares trade over-the-counter.
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Nasdaq issues Staff Delisting Determination for NUTR on August 3, 2026
Delayed Form 10-K and Form 10-Q cited under Rule 5250(c)(1)
Controlling shareholder SOPA in Chapter 11; 78% voting power in bankruptcy process
Company will not appeal delisting and plans OTC trading instead
Market Context
The platform recorded NUTR at $9 before publication, alongside a low short-positioning signal. That ...
Analysis
The platform recorded NUTR at $9 before publication, alongside a low short-positioning signal. That context frames the delisting announcement without establishing a reaction; unresolved filings and the bankruptcy process remained key risks to monitor.
Key Figures
Delisting determination date:August 3, 2026Voting power controlled:78%Bankruptcy filing date:May 14, 2026+2 more
5 metrics
Delisting determination dateAugust 3, 2026Nasdaq Staff Determination received by NusaTrip
Voting power controlled78%SOPA controls the Company's outstanding voting securities
Bankruptcy filing dateMay 14, 2026SOPA and subsidiary SoPa filed for Chapter 11 bankruptcy protection
Fiscal year-endSeptember 30, 2025Form 10-K cited as delinquent by Nasdaq
Quarterly reporting periodMarch 31, 2026Form 10-Q cited as delinquent by Nasdaq
Key Terms
staff delisting determination, form 10-k, form 10-q, chapter 11 bankruptcy protection, +1 more
5 terms
staff delisting determinationregulatory
"received a Staff Delisting Determination from the Listing Qualifications Department"
A staff delisting determination is a formal finding by exchange or regulatory staff that a listed security no longer meets the rules required to stay listed, similar to an official notice that a rental property no longer qualifies for occupancy. It matters to investors because it often precedes removal from the exchange, which can sharply reduce a stock’s visibility, trading liquidity and value, and may trigger urgent choices like selling, appealing the decision or seeking alternative markets.
form 10-kregulatory
"delay in filing Form 10-K for the fiscal year ended September 30, 2025"
A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.
form 10-qregulatory
"Form 10-Q for the period ended March 31, 2026"
A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.
chapter 11 bankruptcy protectionregulatory
"had filed for Chapter 11 bankruptcy protection"
Chapter 11 bankruptcy protection is a legal process that lets a financially troubled company pause creditor actions and reorganize its debts and operations under court oversight, often continuing to operate while it creates a plan to pay creditors. For investors, it matters because the company’s existing shares and debt can be drastically reduced or reshaped during the restructuring, so equity may be wiped out or diluted while creditors’ claims are prioritized—think of it as a court-ordered time‑out to redraw the company’s financial map.
over-the-counterfinancial
"will seek to trade over-the-counter"
Over-the-counter describes securities or trades that occur directly between buyers and sellers rather than on a formal stock exchange. Think of it like buying at a flea market instead of a big supermarket: prices, rules and transparency can vary, which can mean lower liquidity, wider price swings and less regulatory oversight—factors investors watch because they affect ease of trading and risk level.
JAKARTA, Indonesia, Aug. 11, 2026 (GLOBE NEWSWIRE) -- NusaTrip Incorporated (NASDAQ: NUTR) (the “Company” or “NusaTrip”), a travel ecosystem with geographical specialization in Southeast Asia and Asia-Pacific, today announced that on August 3, 2026, the Company received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that Nasdaq has determined to delist the Company’s securities pursuant to its discretionary authority contained in Nasdaq Listing Rule IM-5101-4. In addition, Nasdaq asserts that the Company’s delay in filing Form 10-K for the fiscal year ended September 30, 2025 and Form 10-Q for the period ended March 31, 2026, serves as an independent basis for delisting under Listing Rule 5250(c)(1).
Society Pass Incorporated (“SOPA”) controls 78% of the voting power of the Company’s outstanding voting securities. On May 14, 2026, SOPA disclosed that it, together with its subsidiary SoPa, Inc., had filed for Chapter 11 bankruptcy protection (“SOPA Bankruptcy”). As a result of the SOPA Bankruptcy, 78% of the Company’s outstanding voting securities is subject to the bankruptcy process, the timing and outcome of which remain unknown. This uncertainty raises public interest concerns making the continued listing of the Company’s securities inadvisable and supports Nasdaq’s determination to exercise its authority under Listing Rule 5101 to delist the Company from Nasdaq.
As a result, this serves as an additional and separate basis for delisting the Company from Nasdaq.
The Company does not intend to appeal the Staff Determination by filing a request for oral hearing before the Nasdaq Hearings Panel pursuant to Nasdaq Listing Rule 5815 and will seek to trade over-the-counter.
About NusaTrip Incorporated
Established in 2015 and headquartered in Jakarta, Indonesia, NusaTrip Incorporated is a travel ecosystem with geographical specialization in Southeast Asia (SEA) and Asia-Pacific (APAC). We are the first Indonesian-based online travel agent (OTA) in Indonesia to receive International Air Transport Association (IATA) accreditation. IATA gives OTA’s access to all airline fares and inventories. For being the first IATA-accredited OTA in Indonesia, we have first-hand fares from both full-service and low-cost carriers.
Please visit the Company’s website at: https://www.nusatrip.com/.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent NusaTrip Incorporated’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements.
Contact Information:
Company:
NusaTrip Incorporated Tjin Patrick Soetanto Chief Executive Officer patrick@nusatrip.com
FAQ
Why is NusaTrip (NASDAQ: NUTR) being delisted from Nasdaq?
NusaTrip is being delisted after a Nasdaq Staff Determination citing discretionary authority and late SEC filings. According to NusaTrip, Nasdaq referenced Listing Rule IM-5101-4 and Rule 5250(c)(1), as well as public interest concerns linked to its controlling shareholder’s Chapter 11 bankruptcy.
What Nasdaq listing rules are involved in the NusaTrip (NUTR) delisting notice?
Nasdaq referenced Listing Rule IM-5101-4 and Rule 5250(c)(1) in the NusaTrip delisting notice. According to NusaTrip, Rule 5250(c)(1) relates to delayed Form 10-K and Form 10-Q filings, while IM-5101-4 underpins Nasdaq’s discretionary delisting authority.
How does Society Pass’s bankruptcy affect NusaTrip (NUTR) shareholders?
Society Pass’s Chapter 11 bankruptcy places 78% of NusaTrip’s voting securities into the bankruptcy process. According to NusaTrip, this uncertainty raised public interest concerns for Nasdaq, which used it as an additional and separate basis to support the Staff Delisting Determination.
Is NusaTrip (NUTR) appealing the Nasdaq Staff Delisting Determination?
NusaTrip does not intend to appeal the Nasdaq Staff Delisting Determination. According to NusaTrip, it will not request an oral hearing under Nasdaq Listing Rule 5815 and instead plans to seek quotation and trading of its shares on the over-the-counter market.
What will happen to NusaTrip (NUTR) stock after the Nasdaq delisting?
After delisting, NusaTrip plans to pursue over-the-counter trading for its shares. According to NusaTrip, the company will not appeal the Nasdaq decision and intends to have its securities quoted and traded on an OTC marketplace, subject to applicable requirements.
Which missed SEC filings contributed to the NusaTrip (NUTR) delisting decision?
NusaTrip delayed filing its Form 10-K for the fiscal year ended September 30, 2025, and Form 10-Q for the period ended March 31, 2026. According to NusaTrip, Nasdaq viewed these delays as an independent basis for delisting under Listing Rule 5250(c)(1).
