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Society Pass Inc. (NASDAQ: SOPA) secured $40 million in financing from Strattners Bank SA to support potential public offerings of subsidiaries, enabling the company to monetize intrinsic value and fund future acquisitions. The first advance notice to Strattners FZCO involves issuing 1,000,000 shares at $0.18 per share, with the option to sell up to $40,000,000 of common stock. CEO Raynauld Liang emphasizes collaboration, long-term growth, value creation, and maximizing shareholder value through this flexible financing arrangement.
Society Pass Inc. (Nasdaq: SOPA) announced a 1-for-15 reverse stock split to regain compliance with Nasdaq rules, effective May 1, 2024. Shareholders will see a consolidation of shares with no change in ownership percentage.