Society Pass Incorporated (Nasdaq: SOPA) and NusaTrip Incorporated (Nasdaq: NUTR) Respond to Nasdaq/SEC Questions Regarding Status of Trading of NUTR’s Securities; NusaTrip’s Operations Remain Normal and Unaffected by Trading Suspension
Rhea-AI Summary
Society Pass (Nasdaq: SOPA) and majority-owned subsidiary NusaTrip (Nasdaq: NUTR) said NusaTrip has responded to Nasdaq and SEC inquiries about the suspension of NusaTrip trading. NusaTrip filed a Form 8-K describing responses to Nasdaq requests from October–November 2025 and SEC document requests in December 2025–January 2026.
Trading in NusaTrip securities remains halted as of February 20, 2026. According to the company, NusaTrip is cooperating fully with Nasdaq and the SEC and its daily operations remain normal and not materially affected by the suspension.
Positive
- NusaTrip reports normal daily operations despite trading halt
- Company cooperation with Nasdaq and SEC to resolve matters
Negative
- Trading suspension of NusaTrip securities on Nasdaq remains in effect
- Regulatory inquiries from Nasdaq and SEC continue regarding trading status
Market Reaction – SOPA
Following this news, SOPA has declined 5.40%, reflecting a notable negative market reaction. Argus tracked a trough of -13.4% from its starting point during tracking. Our momentum scanner has triggered 7 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $0.70. This price movement has removed approximately $517K from the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
Pre-news, SOPA was down 10.7% while close peers showed mixed moves (e.g., ELWS +9.46%, OBLG +12.5%, SGN -0.98%). Momentum scanner data flagged SOPA’s direction as “up” with only one peer (SGN) also up and one (TGL) down, indicating stock-specific dynamics rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 11 | Equity offering | Negative | -19.5% | Best-efforts public offering to raise about $3.0M in gross proceeds. |
| Feb 11 | Hotel partnership | Positive | -19.5% | Collaboration with QiYouJi to expand competitively priced global hotel inventory. |
| Feb 11 | Tech collaboration | Positive | -19.5% | Strategic collaboration with Tourmind to co-develop B2B travel technology solutions. |
| Feb 10 | North America expansion | Positive | -28.5% | TripNinja integration aimed at better fares and routing for complex trips. |
| Feb 10 | B2B flight tech deal | Positive | -28.5% | Travel Prologue partnership to build AI-driven B2B flight distribution tools. |
Recent news tied to partnerships and capital raising has often been followed by sharp negative moves, suggesting a tendency for the stock to sell off even on operationally positive announcements.
In the past months, SOPA combined aggressive capital raising with expansion of its NusaTrip travel platform. On Feb 11, 2026, it priced a public offering for about $3.0M, coinciding with multiple collaboration announcements to expand hotel distribution and develop B2B travel technology. These partnership and technology deals on Feb 10–11, 2026 all saw steep post-news declines of 19–28%. Today’s clarification around NusaTrip’s trading halt comes after this period of dilution and operational expansion pressure.
Market Pulse Summary
The stock is down -5.4% following this news. A negative reaction despite operational normalcy fits a pattern where SOPA sold off after news. Prior collaborations and a roughly $3.0M offering were followed by declines of 19–28%. This update confirms NusaTrip’s trading halt on Nasdaq remains in place while SEC and exchange requests continue, which may reinforce perceived regulatory and liquidity risk. With shares about 88% below the 6.28 52-week high, sentiment had already been fragile going into this announcement.
Key Terms
form 8-k regulatory
securities and exchange commission regulatory
trading suspension regulatory
AI-generated analysis. Not financial advice.
NEW YORK, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Society Pass Incorporated (Nasdaq: SOPA) (the “Company”), Southeast Asia’s (SEA) next generation e-commerce ecosystem, and its majority owned subsidiary, NusaTrip Incorporated (Nasdaq: NUTR) (“NusaTrip”), the leading SEA and Asia-Pacific-based (APAC) integrated travel technology platform, announces that NusaTrip filed a Form 8-K with the Securities and Exchange Commission (SEC) on February 3, 2026 regarding the status of trading in NusaTrip’s securities on The Nasdaq Stock Market LLC (“Nasdaq”) and related regulatory inquiries.
Click Here (on SEC website) to view Form 8-K.
Following NusaTrip’s initial response on October 14, 2025 to Nasdaq’s October 9, 2025 information request, Nasdaq issued follow-up requests for additional information. NusaTrip submitted written responses to these follow-up requests on November 17, 2025. On December 22, 2025, NusaTrip received a request from the SEC for the voluntary production of documents. NusaTrip submitted its responses to the SEC’s request on January 20, 2026.
Trading in NusaTrip’s securities on Nasdaq remains halted as of today’s date. NusaTrip continues to cooperate fully with SEC and Nasdaq to resolve any outstanding matters. NusaTrip will provide further updates as appropriate.
NusaTrip wishes to inform its shareholders and the investing public that its daily business operations remain normal and have not been materially affected by the ongoing trading suspension.
About Society Pass Incorporated.
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/.
About NusaTrip Incorporated.
Established in 2015 and headquartered in Jakarta, Indonesia, NusaTrip Incorporated (Nasdaq: NUTR) is an integrated travel technology platform with geographical specialization in SEA and APAC. NusaTrip’s marketing platform currently provides access to more than 500 airlines and 650,000 hotels worldwide. We are the first Indonesian-based online travel agent (OTA) in Indonesia to receive International Air Transport Association (IATA) accreditation. IATA gives OTA’s access to all airline fares and inventories.
NusaTrip completed an initial public offering in August 2025.
For more information, please visit:
Website at: https://www.nusatrip.com
Investor relations at: https://www.nusatripir.com
LinkedIn at: https://www.linkedin.com/company/nusatrip
Facebook at: https://www.facebook.com/NusaTripCom
X at: https://x.com/nusatrip
Instagram at: https://www.instagram.com/nusatrip/
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. 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 the current expectations of Society Pass Incorporated and NusaTrip Incorporated 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 common stock of Society Pass Incorporated and NusaTrip Incorporated and risks relating to the business of Society Pass Incorporated and NusaTrip Incorporated.
Media Contact:
Raynuald LIANG
Chief Executive Officer
ray@thesocietypass.com
FAQ
Why is NusaTrip (Nasdaq: NUTR) trading suspended on Nasdaq as of February 20, 2026?
Has NusaTrip (Nasdaq: NUTR) provided filings about the Nasdaq and SEC inquiries?
Will the trading suspension of NusaTrip (Nasdaq: NUTR) affect NusaTrip’s daily operations?
What steps has Society Pass (Nasdaq: SOPA) or NusaTrip taken to respond to Nasdaq and SEC requests?
Will NusaTrip (Nasdaq: NUTR) provide further updates about the trading suspension and inquiries?
