NusaTrip faces Nasdaq delisting after missed SEC filings
NusaTrip Incorporated reported that on August 3, 2026 it received a determination from Nasdaq Listing Qualifications Staff to delist its common stock under Nasdaq Listing Rules 5101 and IM-5101-4.
Rhea-AI Filing Summary
NusaTrip Incorporated reported that on August 3, 2026 it received a determination from Nasdaq Listing Qualifications Staff to delist its common stock under Nasdaq Listing Rules 5101 and IM-5101-4. Nasdaq cited the SEC’s October 2025 trading suspension related to potential manipulation, delinquent 2025 Form 10-K and Q1 2026 Form 10-Q, and public interest concerns, including noncompliance with Listing Rule 5250(c)(1).
The company also noted that Society Pass Incorporated (SOPA) controls 78% of its outstanding voting securities and that SOPA and a subsidiary filed for Chapter 11 on May 14, 2026, placing those shares into the bankruptcy process. NusaTrip does not intend to appeal, so Nasdaq trading is expected to be suspended on August 12, 2026, while the company seeks quotation of its common stock on the over-the-counter market.
Positive
- None.
Negative
- Nasdaq delisting and trading suspension expected, with Nasdaq trading to cease on August 12, 2026.
- Delinquent SEC reports, including the 2025 Form 10-K and Q1 2026 Form 10-Q, cited as listing violations.
- 78% voting control held by SOPA is subject to Chapter 11, adding governance and bankruptcy-related uncertainty.
Insights
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8-K Event Classification
3 items: 3.01, 8.01, 9.01
3 items
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Voting power controlled by SOPA: 78%
Nasdaq delisting letter date: August 3, 2026
Appeal deadline: August 10, 2026
+4 more
7 metrics
Voting power controlled by SOPA
78%
Society Pass Incorporated controls 78% of NusaTrip’s outstanding voting securities
Nasdaq delisting letter date
August 3, 2026
Date Nasdaq Listing Qualifications Staff determined to delist NusaTrip securities
Appeal deadline
August 10, 2026
Last date NusaTrip could request an appeal of Nasdaq’s determination
Expected trading suspension date
August 12, 2026
Date Nasdaq trading in NusaTrip securities is expected to be suspended
Delinquent Form 10-K year-end
December 31, 2025
Fiscal year-end for the overdue Annual Report on Form 10-K
Delinquent Form 10-Q quarter-end
March 31, 2026
Quarter-end for the overdue Quarterly Report on Form 10-Q
SOPA Chapter 11 filing date
May 14, 2026
Date SOPA and subsidiary SoPa, Inc. filed for Chapter 11
Key Terms
Nasdaq Listing Rules 5101 and IM-5101-4, Nasdaq Listing Rule 5250(c)(1), Chapter 11 bankruptcy protection, Form 25-NSE, +1 more
5 terms
Nasdaq Listing Rules 5101 and IM-5101-4 regulatory
"to delist the Company’s securities from Nasdaq pursuant to Nasdaq Listing Rules 5101 and IM-5101-4"
Nasdaq Listing Rule 5250(c)(1) regulatory
"The Company’s failure to comply with Nasdaq Listing Rule 5250(c)(1) due to these delinquent filings"
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.
Chapter 11 bankruptcy protection regulatory
"had filed for Chapter 11 bankruptcy protection"
Chapter 11 bankruptcy protection is a legal process that lets a financially troubled company pause creditor actions and reorganize its debts and operations under court oversight, often continuing to operate while it creates a plan to pay creditors. For investors, it matters because the company’s existing shares and debt can be drastically reduced or reshaped during the restructuring, so equity may be wiped out or diluted while creditors’ claims are prioritized—think of it as a court-ordered time‑out to redraw the company’s financial map.
Form 25-NSE regulatory
"a Form 25-NSE will be filed with the SEC to remove the Company’s securities"
Form 25‑NSE is an official filing used to notify the stock exchange that a company’s securities are being removed from trading on that exchange, similar to handing in a key when a shop closes. Investors care because removal ends public trading on that venue, often cutting liquidity and making it harder to buy or sell shares, which can affect a stock’s price and how quickly investors can access cash or exit positions.
Over-the-counter Market financial
"intends to seek quotation of its common stock on the Over-the-counter Market"
A market where securities are bought and sold directly between dealers and brokers instead of on a centralized stock exchange. Think of it like a neighborhood bazaar compared with a big supermarket: prices and rules can vary, oversight is lighter, and some instruments are harder to trade or riskier. Investors care because OTC listings can offer access to small or specialized investments but often come with higher price volatility, lower liquidity, and greater information risk.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NusaTrip Incorporated (NUTR) disclose about its Nasdaq listing status?
NusaTrip disclosed that Nasdaq staff determined on August 3, 2026 to delist its common stock under Listing Rules 5101 and IM-5101-4. The company does not plan to appeal and expects Nasdaq trading suspension to begin on August 12, 2026.
How much control does Society Pass have over NusaTrip (NUTR) and why is it important?
Society Pass Incorporated controls about 78% of NusaTrip’s outstanding voting securities. SOPA and a subsidiary filed for Chapter 11 on May 14, 2026, so those shares are in the bankruptcy process, which Nasdaq viewed as an additional public interest concern.
When will NusaTrip (NUTR) Nasdaq trading likely be suspended?
Unless NusaTrip appeals by August 10, 2026, Nasdaq trading in its securities will be suspended at the market open on August 12, 2026. The company has stated that it does not intend to appeal this determination.
Where does NusaTrip (NUTR) plan for its stock to trade after Nasdaq delisting?
NusaTrip stated that, following Nasdaq delisting, it intends to seek quotation of its common stock on the over-the-counter market. This would provide an alternative venue for trading once Nasdaq listing and registration are removed.
Which SEC reports is NusaTrip (NUTR) currently delinquent in filing?
NusaTrip has not filed its Annual Report on Form 10-K for the year ended December 31, 2025 or its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, and these delinquencies were cited by Nasdaq.
AI-generated analysis. How Rhea-AI works. Not financial advice.
