Society Pass Incorporated Stock Price, News & Analysis

Society Pass (Nasdaq: SOPA) priced a best efforts public offering of 1,500,000 shares at $2.00 per share for aggregate gross proceeds of $3.0 million. The offering is expected to close on December 31, 2025, subject to customary closing conditions. Rodman & Renshaw is the exclusive placement agent. Net proceeds are intended for working capital and general corporate purposes, including operating expenses and capital expenditures. The securities are offered under a Form S-1 (File No. 333-292060), declared effective by the SEC on December 29, 2025. A final prospectus will be filed with the SEC and copies will be available via the SEC website or Rodman & Renshaw.

Society Pass (Nasdaq: SOPA) and subsidiary Thoughtful Media Group (TMGX) launched TMG Social (TikTok: @TMGSocial) on Dec 29, 2025 to enter Southeast Asia’s live commerce market. The company cited Bain & Company’s US$90 billion SEA social commerce opportunity and highlighted TMGX’s network of +10,000 influencers. TMGX targets US$10 million revenue in 2026 from the TMG Social unit and will track gross merchandise value (GMV) per campaign. Services include shoppable posts, livestream shopping, hashtag shopping challenges, and a creator marketplace. Management emphasized performance-based, commission-plus-fee monetization and focus sectors: FMCG, beauty & wellness, personal care, and food & beverage.

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Society Pass (Nasdaq: SOPA) announced a comprehensive M&A strategy to pursue valuation arbitrage opportunities across privately held companies in Southeast Asia, Europe and North America.

The company said it will partner with selected regional and global private equity firms to source and execute deals focused on AI data centre, travel, digital advertising, and telecommunications. Management cited a prior example: the acquisition of NUTR for under US$5 million (Aug 2022), its Nasdaq listing in Aug 2025 at a market cap above US$70 million, and a current market cap now above US$170 million, using that outcome to illustrate potential upside for shareholders.

Society Pass (Nasdaq: SOPA) on December 11, 2025 announced a strategic evolution to act as an acquirer and operator of AI-driven software and network infrastructure companies across Southeast Asia, Europe and North America.

The company said it will seek equity stakes and investments in data centre and telecoms operators over the next few months to support its next‑generation e-commerce ecosystem in SEA. Management cited a prior transaction where the company acquired NUTR for under US$5 million (August 2022) and later listed it on Nasdaq at a market capitalization of over US$70 million as evidence of its value‑creation track record.

Society Pass (Nasdaq: SOPA) reported 2Q 2025 revenue of $2.5M, a 46% YoY increase, and EPS of $0.10, beating prior estimates. Ascendiant raised its 2025 revenue estimate to $8.8M (from $6.2M) and 2025 EPS to $(0.42) (from $(1.04)), and raised 2026 revenue and EPS estimates. Ascendiant cited NusaTrip's August 2025 NASDAQ IPO (ticker NUTR, $17M raised) and SOPA's estimated $29M cash versus a market cap of ~$5M to argue shares may be undervalued. Ascendiant keeps a BUY rating and raises its 12‑month price target to $18.

Society Pass (Nasdaq: SOPA), a Southeast Asian investment holding company, has successfully maintained its Nasdaq listing status by demonstrating compliance with Rule 5550(b)(2). The company received confirmation from Nasdaq on September 2, 2025 that it meets the minimum stockholders' equity requirement of $2.5 million.

This compliance confirmation ensures SOPA's continued listing on the Nasdaq Capital Market, maintaining its access to public capital markets and visibility to investors.

Ascendiant Capital Markets has published an equity research report on Society Pass (SOPA), highlighting significant growth potential through planned IPO spinoffs. The research maintains a BUY rating with an increased 12-month price target of $15 (up from $14). Two major catalysts for 2025 are the planned IPOs of Thoughtful Media Group (digital advertising) and NusaTrip (online travel platform). The company's current market cap of ~$7 million matches its cash holdings, suggesting significant undervaluation. Despite acknowledging commercialization challenges, Ascendiant sees high reward potential in the billion-dollar market opportunity, believing the risk-reward profile remains attractive for investors in Southeast Asia's data-driven loyalty, fintech, and e-commerce ecosystem.