Society Pass Incorporated Announces Pricing of $3 Million Public Offering of Common Stock
Rhea-AI Summary
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.
Positive
- Capital raise of $3.0 million
- Issuance of 1,500,000 shares
- Proceeds targeted to working capital and capex
Negative
- Potential shareholder dilution from 1,500,000 new shares
- Offering executed on a best efforts basis (subscription risk)
- Placement agent fees and offering expenses will reduce net proceeds
News Market Reaction
On the day this news was published, SOPA gained 60.99%, reflecting a significant positive market reaction. Argus tracked a peak move of +93.9% during that session. Argus tracked a trough of -6.6% from its starting point during tracking. Our momentum scanner triggered 51 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $8M to the company's valuation, bringing the market cap to $21M at that time. Trading volume was exceptionally heavy at 49.2x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
While SOPA gained 60.99%, scanned peers like IFBD and TGL moved down (around -7.27% and -4.04%), and several affinity peers were flat-to-down, suggesting a stock-specific reaction rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 29 | Live commerce launch | Positive | +61.0% | Launch of TMG Social to enter SEA live commerce with influencer network. |
| Dec 23 | Analyst commentary | Positive | +6.0% | Research piece highlighting positive developments seen as overlooked by market. |
| Dec 22 | Valuation report | Positive | +9.3% | Broker note arguing SOPA stock is undervalued on NusaTrip valuation. |
| Dec 15 | M&A strategy | Positive | -15.2% | Announcement of global M&A strategy targeting AI, travel, advertising, telecom. |
| Dec 11 | AI strategy update | Positive | -13.2% | Shift toward acquiring AI-driven software and network infrastructure companies. |
Recent SOPA news often led to sharp moves: three positive/strategic updates aligned with gains, while two other strategic announcements saw notable selloffs, showing mixed follow-through on seemingly positive catalysts.
Over the last few weeks, SOPA has released several strategic updates. On Dec 29, it launched TMG Social to tap a US$90 billion SEA social commerce market, targeting US$10 million 2026 revenue, which coincided with a 60.99% move. Research notes on Dec 22–23 highlighted perceived undervaluation with modest gains. Earlier in December, announcements on an M&A strategy and an AI-driven infrastructure evolution, referencing prior NUTR value creation, were followed by double-digit declines, underscoring volatile reactions to growth narratives.
Market Pulse Summary
The stock surged +61.0% in the session following this news. A strong positive reaction aligns with SOPA’s recent pattern of large moves on news, as seen with the 60.99% gain around the TMG Social launch. This offering priced at $2.00 for 1,500,000 shares raised $3 million in gross proceeds, increasing liquidity but also share count. Investors later weighed strategic growth updates, prior financing activity, and execution risks when reassessing whether such post-offering strength could persist.
Key Terms
best efforts public offering financial
placement agent financial
registration statement on form s-1 regulatory
prospectus regulatory
AI-generated analysis. Not financial advice.
NEW YORK, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Society Pass Incorporated (Nasdaq: SOPA) (the “Company”), Southeast Asia’s (SEA) next generation e-commerce ecosystem, today announced the pricing of its best efforts public offering of an aggregate of 1,500,000 shares of its common stock (or common stock equivalents in lieu thereof) at a public offering price of
Rodman & Renshaw LLC is acting as the exclusive placement agent for the offering.
The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, including operating expenses and capital expenditures.
The securities are being offered and sold pursuant to a registration statement on Form S-1 (File No. 333-292060), which was declared effective by the Securities and Exchange Commission (the “SEC”) on December 29, 2025. The offering is being made only by means of a prospectus forming part of the effective registration statement relating to the offering. A preliminary prospectus relating to the offering has been filed with the SEC and a final prospectus relating to the offering will be filed with the SEC. Electronic copies of the final prospectus, when available, may be obtained on the SEC’s website at http://www.sec.gov and may also be obtained, when available, by contacting Rodman & Renshaw LLC at 600 Lexington Avenue, 32nd Floor, New York, NY 10022, by telephone at (212) 540-4414, or by email at info@rodm.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Society Pass Inc.
Founded in 2018 as an e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than
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 completion of the offering, the satisfaction of customary closing conditions related to the offering and the intended use of the proceeds. 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 Company’s ability to identify new investments and spin-off acquisitions.
Media Contact:
Raynuald LIANG
Chief Executive Officer
ray@thesocietypass.com
FAQ
What did Society Pass (SOPA) announce on December 29, 2025 about a stock offering?
When is the SOPA public offering expected to close and what are the closing conditions?
How will Society Pass (SOPA) use the proceeds from the $3.0 million offering?
Who is the placement agent for the SOPA offering and where can investors obtain the prospectus?
Does the SOPA offering guarantee full subscription of the 1,500,000 shares?
