Society Pass Incorporated Stock Price, News & Analysis

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.

Society Pass (NASDAQ: SOPA), a key player in Southeast Asia's loyalty, fintech, and e-commerce sectors, announced initiatives to prepare its subsidiaries, NusaTrip.com and Thoughtful Media Group, for IPOs.

NusaTrip.com, an Indonesian travel platform, is undergoing a technical re-platforming to enhance stability, UI/UX, and integrate with payment gateways, potentially increasing its market size by 800%. The platform will also offer localization for 700 million users in Southeast Asia, aiming to dominate the regional travel booking market by 2026.

Bangkok-based Thoughtful Media Group plans to launch proprietary tech solutions focused on Multi-Channel-Network and Influencer marketing to enhance customer and brand engagement. This will enable quicker and more efficient influencer collaboration in key Southeast Asian markets.

CEO Raynauld Liang emphasized that these enhancements aim to secure Society Pass's position as a preferred solution for travel and marketing needs in Southeast Asia.

Ascendiant Capital has released an update on Society Pass (NASDAQ: SOPA), highlighting its fiscal Q4 2023 results and estimating adjusted revenue of $10 million. The report emphasizes strong economic expansion, rising urbanization, and increasing mobile technology adoption as key growth drivers. Society Pass plans to spin off two businesses, Thoughtful Media Group and NusaTrip, via IPOs in 2024, which are expected to add significant value for shareholders. Ascendiant maintains a BUY rating for SOPA but has lowered the 12-month price target from $41.25 to $21. CEO Raynauld Liang expressed optimism about future growth and the recent compliance with Nasdaq.

Society Pass (NASDAQ: SOPA), an e-commerce ecosystem in Southeast Asia, announced that it has regained compliance with Nasdaq's Listing Rule 5550(a)(2). This rule mandates a minimum bid price of $1.00 per share. The company's stock maintained this price for 10 consecutive business days, leading Nasdaq to close the prior bid price deficiency matter.

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.