NusaTrip Announces Response to NASDAQ Request for Information Following Temporary Suspension of Trading
Rhea-AI Summary
NusaTrip (NASDAQ:NUTR) disclosed that it responded on Oct 15, 2025 to a Nasdaq request for information that followed an SEC trading suspension order covering Oct 9–22, 2025. The SEC said the suspension related to potential manipulation in NUTR securities via social media recommendations that appeared aimed at inflating price and volume.
The company says it denies participation in any price manipulation, will cooperate with Nasdaq and the SEC, and has not received further Nasdaq inquiries after its Oct 15 response. Nasdaq has continued to halt trading since Oct 23, 2025. Investors are urged to rely on official company releases and SEC filings.
Positive
- Company affirmed cooperation with Nasdaq and the SEC
- Company denies involvement in price manipulation
Negative
- SEC suspended trading in NUTR securities for Oct 9–22, 2025
- Nasdaq continued trading halt of NUTR securities since Oct 23, 2025
- Nasdaq provided no specific timeline to resolve the matter
Insights
SEC trading suspension and ongoing Nasdaq halt create clear near-term operational and market-access disruption for NusaTrip.
NusaTrip received an
The business mechanism at play is market‑access risk: suspended trading prevents secondary market price discovery and liquidity, which can impair shareholder confidence and restrict corporate actions that depend on tradable equity. Key dependencies and risks include the SEC’s and Nasdaq’s investigative findings, the duration of the Nasdaq trading halt, and any follow‑up disclosures or formal enforcement actions by the SEC. Monitor whether Nasdaq issues a specific timeline or the SEC files further orders; the near term (
New York, NY, Oct. 28, 2025 (GLOBE NEWSWIRE) -- NusaTrip Inc (Nasdaq: NUTR) (“NusaTrip” or the “Company”), a leading travel ecosystem with geographical specialization in Southeast Asia (“SEA”) and Asia-Pacific (“APAC”) today said that, on October 15, 2025, the Company responded to a request by The Nasdaq Stock Market LLC for certain information and documents.
That request, received by the Company on October 9, 2025, followed an order received by NusaTrip the previous day from the U.S. Securities and Exchange Commission (the “SEC”) suspending trading in NusaTrip’s securities for the period from 4:00 a.m. ET on October 9, 2025, through 11:59 p.m. ET on October 22, 2025, which order is available at https://www.sec.gov/enforcement-litigation/trading-suspensions.
The Commission informed NusaTrip that it took this action because of potential manipulation in the securities of NUTR effectuated through recommendations made to investors by unknown persons via social media to purchase the Company’s securities. These recommendations, said the SEC, appeared designed to artificially inflate the price and volume of the securities of NUTR. The SEC order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934.
Since the time of NusaTrip’s above-stated response to Nasdaq made on October 15, 2025, the Company has not received any further inquiries from Nasdaq and has not provided NusaTrip with a specific timeline to resolve this matter.
Since October 23, 2025, Nasdaq has continued to halt the trading of NusaTrip’s securities.
The Company affirms that it has not participated in any price manipulation activity and that it will fully cooperate with both Nasdaq and the SEC.
The investors should rely only on official PR channels and SEC filings for information on this matter.
About NusaTrip
Established in 2015 and headquartered in Jakarta, Indonesia, NusaTrip Incorporated is an integrated travel technology platform with geographical specialization in Southeast Asia (SEA) and Asia-Pacific (APAC). As an acquisitions-focused company, mergers and acquisitions of offline travel agencies play a pivotal role in our growth strategy. We have demonstrated an ability to execute accretive and synergistic acquisitions as well as integrate and fundamentally improve our acquired businesses. We have completed acquisitions of VLeisure and VIT, both travel companies in Vietnam. We will continue to focus on the acquisition of other synergistic companies, and we are currently looking to acquire travel agencies operating in PRC, Hong Kong, Philippines, Thailand, Singapore, Malaysia, India, and UAE. We aim to bring travellers from the rest of the world to SEA and APAC (inbound travel) and bring travellers from SEA and APAC to the rest world (outbound travel).
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.
For more information, please visit: https://www.nusatripir.com
LinkedIn at https://www.linkedin.com/company/nusatrip
Facebook at https://www.facebook.com/NusaTripCom
Instagram at https://www.instagram.com/nusatrip/
Cautionary Note Concerning 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, including statements regarding the completion and timing of closing of the offering and the intended use of the proceeds. 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. Among those risks and uncertainties are market conditions, including the trading price and volatility of NusaTrip Incorporated’s common stock and risks relating to NusaTrip Incorporated’s business and the satisfaction of closing conditions in the underwriting agreement related to the offering.
For a further description of the risks and uncertainties relating to NusaTrip Incorporated’s business in general, see the final prospectus related to the Offering and NusaTrip Incorporated’s current and future reports filed with the SEC.
Media Contacts:
NusaTrip Incorporated
Anson Neo
Chief Marketing Officer
anson.neo@nusatrip.com
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor New York, New York 10036
Office: (646) 893-5835 x2
Email: info@skylineccg.com
FAQ
Why did the SEC suspend trading in NusaTrip (NUTR) shares in October 2025?
Has Nasdaq resumed trading in NusaTrip (NUTR) after Oct 22, 2025?
What did NusaTrip (NUTR) say in its Oct 28, 2025 response about manipulation claims?
Did Nasdaq request information from NusaTrip (NUTR) before the SEC order?
Where should investors get official updates on NusaTrip (NUTR) trading status?
