Greenridge Global: Sapience AI Investment Represents a Big Deal for Society Pass Incorporated (Nasdaq: SOPA) Shareholders

Rhea-AI Summary

Society Pass (Nasdaq: SOPA) made multiple strategic moves in late‑2025 and early‑2026: an $8.8M equity investment in Sapience AI, a $1.9M reacquisition stake in Gorilla, expanded distribution for NusaTrip, and a $3M financing that issued 1.5M new shares at $2.00. Greenridge maintained its rating but lowered its target price based on holdings, valuations and net cash.

Management funded investments with cash and transfers of 1,822,540 and 333,017 NUTR shares, and Greenridge expects potential upside from Sapience and Gorilla IPO plans.

Positive

• Sapience investment of $8.8M with Nvidia Blackwell access
• Re‑entry into Gorilla via $1.9M investment ahead of expected IPO
• NusaTrip secured new distribution deals with Bookcabin and Gother
• Raised $3.0M financing at $2.00 per share with no warrants

Negative

• Issued 1.5M new shares in the December financing, increasing share count
• Used illiquid NUTR share transfers (1,822,540 and 333,017) to fund deals
• Greenridge reduced target price despite maintaining rating

News Market Reaction

+1.28%

46 alerts

+1.28% News Effect

-25.5% Trough in 32 hr 57 min

+$122K Valuation Impact

$10M Market Cap

1.4x Rel. Volume

On the day this news was published, SOPA gained 1.28%, reflecting a mild positive market reaction. Argus tracked a trough of -25.5% from its starting point during tracking. Our momentum scanner triggered 46 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $122K to the company's valuation, bringing the market cap to $10M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Sapience AI investment: $8.8 million Sapience cash component: $600,000 Sapience NUTR shares: 1,822,540 shares +5 more

8 metrics

Sapience AI investment $8.8 million Minority investment in GPU-as-a-Service provider

Sapience cash component $600,000 Cash portion of Sapience AI investment

Sapience NUTR shares 1,822,540 shares NUTR shares transferred into Sapience AI deal

Gorilla investment $1.9 million Reacquired interest in Gorilla eSIM business

Gorilla cash component $400,000 Cash portion of Gorilla investment

Gorilla NUTR shares 333,017 shares NUTR shares transferred into Gorilla deal

December financing size $3 million Equity offering closed Dec 31, 2025

Offering price $2.00 per share Price for 1.5 million new shares in December financing

Market Reality Check

Price: $0.7210 Vol: Volume 749,175 is 0.51x t...

low vol

$0.7210 Last Close

Volume Volume 749,175 is 0.51x the 20-day average, indicating subdued pre-news activity. low

Technical Current price 1.56 is trading below the 200-day MA at 1.65 and well under the 6.75 52-week high.

Peers on Argus

SOPA was down 12.85% while several software/application peers like OBLG, ELWS an...

1 Up

SOPA was down 12.85% while several software/application peers like OBLG, ELWS and FTFT showed gains between 5–12.5%, pointing to a stock-specific move rather than a sector-wide shift.

Previous AI Reports

2 past events · Latest: Jan 22 (Positive)

Same Type Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Jan 22	AI investment update	Positive	+8.3%	Announced US$8.8 million minority investment in Sapience AI data centre platform.
Dec 11	AI strategy shift	Positive	-13.2%	Outlined evolution toward acquiring AI-driven software and network infrastructure assets.

Pattern Detected

AI-themed announcements have produced mixed reactions, with one strong gain and one double-digit decline.

Recent Company History

This announcement builds on SOPA’s recent AI and infrastructure pivot. On Dec 11, 2025, the company outlined a strategy to acquire AI-driven software and network infrastructure assets, which saw shares fall despite the long-term focus. On Jan 22, 2026, SOPA disclosed a US$8.8 million Sapience AI investment, drawing a positive share-price reaction. Today’s Greenridge report revisits these AI and data centre moves, framing them within SOPA’s broader holdings and recent financings.

Historical Comparison

-2.5% avg move · Across two prior AI-tagged announcements, SOPA’s average next-day move was -2.45%, showing that AI n...

AI

-2.5%

Average Historical Move AI

Across two prior AI-tagged announcements, SOPA’s average next-day move was -2.45%, showing that AI news has not consistently driven upside despite strategic emphasis.

AI-tagged news progressed from a broad strategic shift toward AI infrastructure to a specific US$8.8M Sapience AI stake, with today’s report reassessing that exposure and portfolio role.

Market Pulse Summary

This announcement highlights an external research view that ties SOPA’s recent Sapience AI and Goril...

Analysis

This announcement highlights an external research view that ties SOPA’s recent Sapience AI and Gorilla investments, NusaTrip partnerships, and the $3 million December financing into a diversified holding-company story. It reinforces the strategic push into AI data centres and travel-tech distribution while emphasizing use of NUTR shares as deal currency. Investors may watch future financings, portfolio IPO milestones, and performance of Sapience and Gorilla to gauge how this thesis progresses.

Key Terms

gpu-as-a-service, colocation data centres, inference, fault-tolerant, +4 more

8 terms

gpu-as-a-service technical

"Sapience AI, a European-based GPU-as-a-Service provider."

GPU-as-a-Service is a pay-as-you-go model that lets businesses rent powerful graphics processing units (GPUs) over the internet instead of buying the hardware outright. It matters to investors because it lowers upfront costs and speeds time-to-market for companies using AI, data analysis, or 3D rendering—similar to renting a high-performance car for a specific trip rather than owning one—and can make firms more flexible, scalable, and capital-efficient.

colocation data centres technical

"developing smaller sized colocation data centres in Europe that customers can lease"

Colocation data centres are facilities where companies rent space, power and network connections to house their servers instead of running them in their own buildings. Like renting a secure, climate‑controlled storage unit that also provides guaranteed electricity and very fast internet, they let businesses scale computing without the cost and complexity of building infrastructure. Investors watch them because steady rental contracts, rising demand for cloud and connectivity, and high barriers to entry can produce predictable cash flow and growth.

inference technical

"for inference usage, or for fault-tolerant model training."

Inference is the process of drawing a conclusion from available evidence or data, like a detective piecing together clues to form a likely story. For investors it matters because these judgments turn raw reports, test results, or market signals into expectations about future performance, risk, or regulatory outcomes—so how someone infers from the same facts can change investment decisions and valuation.

fault-tolerant technical

"for inference usage, or for fault-tolerant model training."

A fault-tolerant system is built so it keeps working correctly even when parts fail, by automatically detecting problems and shifting tasks to backups or safe modes. Think of it like a car with redundant brakes or a delivery route that has alternate roads: the service keeps running despite breakdowns. For investors, fault tolerance reduces unexpected downtime, cuts potential loss or regulatory risk, and helps preserve revenue and reputation over time.

b2c technical

"shifted the business model from B2C to B2B, which has yielded growth"

Business-to-consumer (B2C) describes companies that sell products or services directly to individual customers rather than to other businesses. Investors care because B2C firms’ revenues, growth and risks are driven by consumer demand, brand strength and marketing — like a shop whose success depends on foot traffic and repeat shoppers — so shifts in consumer tastes, pricing power or distribution can quickly affect sales and profitability.

b2b technical

"shifted the business model from B2C to B2B, which has yielded growth"

Business-to-business (B2B) describes companies that sell products or services to other businesses rather than to individual consumers. For investors, B2B models often mean larger, repeatable contracts and revenue tied to corporate budgets, which can produce steadier, more predictable cash flow; think of a parts supplier selling regular batches to a factory rather than a shop selling single items to walk-in customers, so customer concentration and contract length matter.

ipo financial

"growth that is expected to prompt an IPO in the next year."

An initial public offering (IPO) is the process by which a private company sells its shares to the public for the first time, making its ownership available on the stock market. This allows the company to raise money from a wide range of investors to fund growth or other goals. For investors, an IPO offers a chance to buy into a company early in its public journey, potentially benefiting if the company grows in value.

target price financial

"Greenridge’s target price is based on the sum of its holdings in NUTR shares"

A target price is an analyst’s estimate of where a stock’s market price might reasonably be expected to reach over a specified future period, expressed as a single number. It matters to investors because it gives a simple benchmark for potential gain or loss—like a weather forecast for a trip—helping people compare expectations, set goals, and decide whether a stock looks like a good buy, while remembering it’s an informed estimate, not a guarantee.

AI-generated analysis. Not financial advice.

NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Greenridge Global LLC (“Greenridge”) issues equity research report on Society Pass Incorporated. (Nasdaq: SOPA) (the “Company”), Southeast Asia’s (SEA) next generation e-commerce ecosystem.

Click Here for the English version and Click Here for the Chinese version (both on Society Pass website) to view the full Greenridge Global Equity Research Report.

Summary Points:
• Sapience Investment: Society Pass announced in late-January an $8.8 million investment in Sapience AI, a European-based GPU-as-a-Service provider. With access to Nvidia’s Blackwell chips, Sapience is developing smaller sized colocation data centres in Europe that customers can lease access to on a short-term or longer term basis for inference usage, or for fault-tolerant model training. Management believes this strategy will enable it to grow in a faster, more cost effective manner than building out large data centre, as is happening in the more developed U.S. market. The deal was funded with $600,000 in cash and the transfer of 1,822,540 shares of NUTR, which enables the Company to use its currently illiquid NUTR shares to seek higher growth investments. With the relatively small cash payment made for the investment, Greenridge expects Sapience to complete a larger cash raise at a higher valuation in the near future to help fund its growth. This would both speed the time to revenue and profitability for Sapience and yield an unrealized gain on investment for SOPA.

• Enhanced NusaTrip Distribution: NusaTrip announced new partnerships with Bookcabin and Gother. NusaTrip will integrate with Bookcabin, an Indonesian-based OTA, to supply its flight and hotel supply, and will integrate with Gother, a Thailand-based OTA, to supply its flight inventory. It seems reasonable that both deals could be expanded over time as NusaTrip enhances its product and ancillary offerings.

• Interest In Gorilla eSIM Reacquired and Upcoming IPO for Gorilla: After selling off Gorilla in 2025, the Company reacquired an interest in the company via a $1.9 million investment. The deal included $400,000 in cash and the transfer of 333,017 shares of NUTR. Management noted that after it sold Gorilla, the new owner invested capital and shifted the business model from B2C to B2B, which has yielded growth that is expected to prompt an IPO in the next year.

• $3 Million December 2025 Financing: The cash for the above investments came from a $3 million offering at $2.00 that closed on December 31. 1.5 million new shares were added to the shares outstanding. The deal included no warrant coverage, which should be viewed positively by shareholders.

• Maintaining Rating & Reducing Target Price: The developments over the last month have been rather significant. The NusaTrip deals provide greater confidence in Greenridge’s growth estimates for 2026, and the two new investments diversify SOPA’s holdings beyond NUTR and TMGX, which should be seen as a positive given the NUTR halt and subsequent delay in the TMGX listing. In addition, a potential IPO for Gorilla could yield upside to SOPA shareholders. Finally, the Sapience AI investment could prove to be a great find, similar to NusaTrip several years ago. Given the relative infancy of the European AI market, this investment could prove to be a big winner for SOPA shareholders over time. Greenridge’s target price is based on the sum of its holdings in NUTR shares, TMGX’s potential IPO valuation at a 50% discount, the investment price of Sapience AI and Gorilla, and its net cash position.

About Society Pass Incorporated.
Founded in 2018 as an e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, and with offices located in Bangkok, Beijing, Ho Chi Minh City, Hong Kong, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 4 interconnected verticals (digital media, travel, lifestyle, telecoms and alternative intelligence). Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

For more information on Society Pass, please visit:

Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
X at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the projected revenue of the Company in 2026 and potential IPO of Gorilla . 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 Society Pass 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 Society Pass Incorporated’s common stock and risks relating to Society Pass Incorporated’s business, including the Company’s ability to develop and successfully change its business model and the future operations and results of operations of Gorilla and Sapience AI.

Media Contact:
Raynuald LIANG
Chief Executive Officer
ray@thesocietypass.com

FAQ

What exactly did Society Pass (SOPA) invest in with the $8.8M Sapience deal?

SOPA bought an $8.8M equity stake in Sapience AI focused on GPU cloud services. According to Society Pass, Sapience offers European GPU‑as‑a‑Service access using Nvidia Blackwell chips for inference and fault‑tolerant training, aiming for smaller colocation data centres and faster revenue paths.

How was the Sapience investment funded by Society Pass (SOPA)?

The Sapience deal was funded with $600,000 cash plus transferred NUTR shares. According to Society Pass, 1,822,540 NUTR shares were transferred, enabling use of illiquid holdings to pursue higher‑growth investments while preserving cash for operations.

What were the terms of the December 2025 financing that funded SOPA investments?

SOPA closed a $3.0M offering at $2.00 per share that added 1.5M new shares. According to Society Pass, the financing included no warrant coverage, which management and analysts cited as shareholder‑friendly relative to warranted financings.

What is the significance of NusaTrip's new partnerships for Society Pass (SOPA)?

NusaTrip's deals with Bookcabin and Gother expand distribution in Indonesia and Thailand. According to Society Pass, integrations supply flight and hotel inventory, potentially enabling NusaTrip to scale product and ancillary offerings and support 2026 growth estimates.

Why did Society Pass reacquire an interest in Gorilla and what is expected next for Gorilla?

SOPA invested $1.9M to reacquire a stake in Gorilla after its buyer shifted to a B2B model. According to Society Pass, the buyer's changes drove growth and management expects Gorilla may pursue an IPO within roughly the next year, offering potential upside.