NusaTrip Incorporated Announces Waiver of Society Pass Lock-Up Agreement

Rhea-AI Summary

NusaTrip (Nasdaq: NUTR) announced that its IPO underwriter, Cathay Securities, has consented to an early release of Society Pass (Nasdaq: SOPA) from its six-month lock-up covering NusaTrip securities. NusaTrip completed its initial public offering in August 2025, and the underwriter's consent for the lock-up waiver to Society Pass became effective January 15, 2026. The lock-up originally restricted Society Pass from offering, selling, pledging or otherwise transferring NusaTrip securities for six months from the IPO commencement date, subject to exceptions.

Positive

• Underwriter consented to early release on January 15, 2026
• Announcement confirms lock-up waiver is authorized by Cathay Securities

Negative

• Society Pass may now transfer NusaTrip securities earlier than the six-month lock-up
• Waiver could increase potential supply of NusaTrip shares starting after Jan 15, 2026

Market Context

This announcement centers on NusaTrip’s IPO underwriter consenting to an early release of Society Pa...

Analysis

This announcement centers on NusaTrip’s IPO underwriter consenting to an early release of Society Pass from a 6‑month lock-up tied to the August 2025 offering. The change potentially affects supply of NUTR shares rather than operations. In context of prior IPO proceeds and rapid 2025 revenue growth, investors may focus on how any future share sales intersect with the company’s trading history, prior regulatory filings, and its position relative to the 52‑week range and 200‑day MA.

Key Figures

Lock-up duration: 6 months IPO month: August 2025 Lock-up release date: January 15, 2026

3 metrics

Lock-up duration 6 months Original IPO lock-up period for Society Pass securities

IPO month August 2025 Month NusaTrip consummated its initial public offering

Lock-up release date January 15, 2026 Effective date of early lock-up waiver for Society Pass

Historical Context

2 past events · Latest: Sep 03 (Positive)

Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Sep 03	Q2 2025 earnings	Positive	+1.3%	Breakout Q2 2025 results with 472% revenue growth and operating profit.
Aug 18	IPO completion	Positive	+4.9%	IPO closing raising $15M and listing NUTR on Nasdaq at $4 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent major events (IPO and strong Q2 2025 earnings) both saw modest positive price reactions, suggesting news has historically led to measured, not extreme, moves.

Recent Company History

Over the last few months, NusaTrip completed its IPO in August 2025, raising gross proceeds of $15.0M at $4.00 per share and later reporting breakout Q2 2025 results with 472% year-over-year revenue growth to $993,041. Those events produced modest gains of 4.86% and 1.29% over the following 24 hours. Today’s announcement about waiving Society Pass’s IPO lock-up links back directly to that spin-off and listing structure.

Key Terms

initial public offering, underwriter, securities lock-up agreement, lock-up period

4 terms

initial public offering financial

"its initial public offering underwriter, Cathay Securities, Inc., has given"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

underwriter financial

"its initial public offering underwriter, Cathay Securities, Inc., has given"

An underwriter is a financial firm that evaluates, guarantees and helps sell a new security offering—such as a stock or bond—by buying the issue from the issuer and reselling it to investors or organizing the sale. Think of them as a bridge or safety net: they take on the risk, set the price, handle marketing and paperwork, and their work determines how much money a company can raise and how smoothly the offering reaches the market.

View in glossary

securities lock-up agreement financial

"from its securities lock-up agreement associated with NusaTrip’s initial public"

A securities lock-up agreement is a contract that prevents certain shareholders, usually company insiders or early investors, from selling their shares for a fixed period after a major stock event. Think of it as a temporary hold that keeps a group from dumping products into a market all at once; for investors, it matters because it limits near-term share supply and reduces the risk of sudden price drops when the restriction expires.

lock-up period financial

"from this lock-up period, as of January 15th, 2026."

A lock-up period is a fixed time after a stock offering during which company insiders and early investors are legally barred from selling their shares. It matters because when that restriction expires a large block of previously locked-up shares can enter the market at once, potentially lowering the stock price or spiking trading volume—like opening a floodgate—so investors monitor these dates to anticipate price moves and manage risk.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Jakarta, Jan. 16, 2026 (GLOBE NEWSWIRE) -- NusaTrip Incorporated (Nasdaq: NUTR) (“NusaTrip,” “NUTR,” or the “Company”), a travel ecosystem with geographical specialization in Southeast Asia and Asia-Pacific, today announced that its initial public offering underwriter, Cathay Securities, Inc., has given its consent to grant an early release to Society Pass Incorporated (Nasdaq: SOPA) from its securities lock-up agreement associated with NusaTrip’s initial public offering.  

NusaTrip consummated its initial public offering in August 2025, and pursuant to the underwriting agreement between NusaTrip Incorporated and Cathay Securities, Inc., Society Pass Incorporated agreed, subject to certain exceptions, not to offer, pledge, sell, contract to sell, grant, lend or otherwise transfer or dispose of, directly or indirectly, any NusaTrip securities for a period of six months from the date of commencement of sale of NusaTrip’s initial public offering. Cathay Securities has given its consent to grant an early release to Society Pass from this lock-up period, as of January 15^th, 2026.

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). NusaTrip is 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 travelers from the rest of the world to SEA and APAC (inbound travel) and bring travelers 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.

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. 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.

Contact Information:

NusaTrip Incorporated
Anson Neo
Chief Executive 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

What did NusaTrip (NUTR) announce about the Society Pass lock-up on January 16, 2026?

NusaTrip said Cathay Securities consented to an early release of Society Pass from the six-month IPO lock-up, effective January 15, 2026.

When did NusaTrip complete its initial public offering referenced in the lock-up waiver?

NusaTrip consummated its initial public offering in August 2025.

Which underwriter granted the early release of the NusaTrip lock-up for Society Pass (SOPA)?

The IPO underwriter Cathay Securities, Inc. gave consent to the early release.

What actions were restricted by the original six-month lock-up for Society Pass regarding NusaTrip securities?

The lock-up prohibited offering, pledging, selling, contracting to sell, lending or otherwise transferring NusaTrip securities for six months, subject to exceptions.

Does the announcement state when Society Pass can begin transferring NusaTrip shares after the waiver?

The announcement says the underwriter consented to early release as of January 15, 2026, which is the effective date for the waiver.