Society Pass Incorporated (Nasdaq: SOPA) Nasdaq delinquency notification letter (the “Notice”)

Society Pass (Nasdaq: SOPA) received a Nasdaq delinquency notification for failing to timely file its Form 10-K for the period ended December 31, 2025.

Rhea-AI Summary

Society Pass (Nasdaq: SOPA) received a Nasdaq delinquency notification for failing to timely file its Form 10-K for the period ended December 31, 2025. The company has until June 15, 2026 to submit a compliance plan or expects to file within the 60-day cure period.

If Nasdaq accepts a plan, the company could have until October 12, 2026 to regain compliance; failure to regain compliance could lead to delisting.

Positive

• Notice has no immediate effect on listing
• Company expects to file Form 10-K within 60 days
• 60-day deadline to submit plan: June 15, 2026
• Potential Nasdaq extension to October 12, 2026 if plan accepted

Negative

• Form 10-K for year ended Dec 31, 2025 was not timely filed
• Failure to regain compliance could result in delisting
• Compliance plan required within 60 days or appeal process follows

Argus Apr 22 session

-6.97% close to close Open Argus

Details

News Market Reaction – SOPA

On Apr 22, the first trading day after this news, SOPA closed 6.97% below the previous close.

Data tracked by StockTitan Argus for the Apr 22 session.

Key Figures

Notice date: April 16, 2026 10-K period end: December 31, 2025 Plan deadline: 60 calendar days +5 more

Notice date

April 16, 2026

Nasdaq delinquency notification letter date

10-K period end

December 31, 2025

Annual Report on Form 10-K reporting period

Plan deadline

60 calendar days

Time to submit compliance plan to Nasdaq (until June 15, 2026)

Plan deadline date

June 15, 2026

Deadline to submit plan to regain compliance

Compliance window

180 calendar days

Maximum time from Filing due date to regain compliance

Compliance end date

October 12, 2026

Outside date for Nasdaq to allow compliance regain

52-week high

$6.28

Pre-news 52-week high for SOPA

52-week low

$0.3232

Pre-news 52-week low for SOPA

Historical Context

5 past events · Latest: Feb 20

5 events

1. Feb 20

   Regulatory inquiries

   24h Move

   -5.4%

   Response to Nasdaq and SEC inquiries after NusaTrip trading suspension.

2. Feb 11

   Equity offering

   24h Move

   -29.6%

   Pricing of $3.0M best-efforts common stock offering at $0.55 per share.

3. Feb 11

   Strategic partnership

   24h Move

   -19.5%

   Collaboration with QiYouJi to expand NusaTrip hotel distribution in China.

4. Feb 11

   Tech collaboration

   24h Move

   -19.5%

   Partnership with Tourmind to co-develop B2B travel technology solutions.

5. Feb 10

   Platform integration

   24h Move

   -28.5%

   TripNinja integration to enhance NusaTrip’s complex itinerary booking.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

nasdaq listing rule 5250(c)(1), form 10-k, securities and exchange commission, listing qualifications staff, +1 more

5 terms

nasdaq listing rule 5250(c)(1) regulatory

"non-compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”)"

Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.

form 10-k regulatory

"failure to timely file its Annual Report on Form 10-K for the period ended"

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

securities and exchange commission regulatory

"file all required periodic financial reports with the Securities and Exchange Commission"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

listing qualifications staff regulatory

"a delinquency notification letter from the Listing Qualifications Staff (the “Staff”)"

Listing qualifications staff are the exchange employees who review and monitor whether a company meets the rules required to be listed on a stock exchange, similar to referees checking that players follow the game’s rules. They assess financial filings, corporate governance, and ongoing disclosures, and can flag problems, request corrective steps, or recommend suspension or delisting. Investors care because their determinations affect a company’s ability to trade publicly and can signal increased risk or regulatory trouble.

nasdaq hearings panel regulatory

"the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel"

A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, April 21, 2026 (GLOBE NEWSWIRE) -- Society Pass Incorporated (Nasdaq: SOPA) (the “Company”), Southeast Asia’s (SEA) next generation e-commerce ecosystem announced the received notice of delinquency letter from Nasdaq.

On April 16, 2026, Society Pass Incorporated (the “Company”) received a delinquency notification letter (the “Notice”) from the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of the Company’s failure to timely file its Annual Report on Form 10-K for the period ended December 31, 2025 (the “Filing”). The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).

This Notice has no immediate effect on the listing of the Company’s securities on Nasdaq. However, if the Company fails to timely regain compliance with the Rule, the Company’s securities will be subject to delisting from Nasdaq.

The Notice provides that the Company has 60 calendar days, or June 15, 2026, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule. If Nasdaq accepts the Company’s plan, then Nasdaq may grant the Company up to 180 calendar days from the Filing’s due date, or until October 12, 2026, to regain compliance. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.

The Company is working diligently to complete its Form 10-K and expects to file its Form 10-K within the 60-day period described above, which would eliminate the need for the Company to submit a formal plan to regain compliance.

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 80% of the SEA population, and with offices located in Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is a holding company operating in the digital media, travel, and lifestyle industries. Society Pass leverages technology to tailor a more personalized experience for customers in the purchase journey and to transform the entire retail value chain in SEA.

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. 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.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Society Pass (SOPA) receive from Nasdaq on April 16, 2026?

It received a delinquency notification for missing its Form 10-K filing deadline. According to the company, Nasdaq cited non-compliance with Listing Rule 5250(c)(1) related to the late annual report.

What is the deadline for Society Pass (SOPA) to submit a plan to Nasdaq?

The company has 60 calendar days to submit a plan, until June 15, 2026. According to the company, submitting the plan or filing the Form 10-K within this period is required to address the notice.

Could Society Pass (SOPA) be given more time to regain compliance?

Yes, Nasdaq may grant up to 180 calendar days from the filing due date, until October 12, 2026. According to the company, this extension requires Nasdaq to accept a submitted compliance plan.

Does the Nasdaq notice immediately affect Society Pass (SOPA) listing?

No, the notice does not have an immediate effect on the company’s Nasdaq listing. According to the company, delisting would only occur if it fails to timely regain compliance under Nasdaq rules.

What steps is Society Pass (SOPA) taking after the Nasdaq delinquency notice?

The company is working to complete and file its Form 10-K within the 60-day cure period. According to the company, timely filing would remove the need to submit a formal compliance plan.