Society Pass Incorporated Announces 1-for-15 Reverse Split
Society Pass Incorporated (SOPA)
Company Research
Source: GlobeNewswire
NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (Nasdaq: SOPA) (“SOPA” or the “Company”), Southeast Asia’s (SEA) next generation, e-commerce ecosystem, today announced that the board approved a proposed 1-for-15 shares reverse split of its common stock (the "Reverse Split"). Beginning with the opening of trading on May 1, 2024, the Company's common stock will begin trading on a post-Reverse Split basis on the Nasdaq Capital Market under the same symbol "SOPA", but under a new CUSIP number of 83370P201. The objective of the Reverse Split is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on the Nasdaq Capital Market. Upon the effectiveness of the Reverse Split, every fifteen issued and outstanding shares of common stock with a par value of US$0.0001 each will automatically be consolidated into one issued and outstanding common stock with a par value of US$0.0001 each. No fractional shares will be issued as
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News
- Society Pass Incorporated Announces 1-for-15 Reverse Split [Yahoo! Finance]Yahoo! Finance
- Society Pass Inc. Issues First Advance Notice to Strattners Bank, to Continue its Growth Plans [Yahoo! Finance]Yahoo! Finance
- Society Pass Inc. Issues First Advance Notice to Strattners Bank, to Continue its Growth PlansGlobeNewswire
SOPA
Analyst Actions
- 4/17/24 - Maxim Group
SOPA
Sec Filings
- 4/15/24 - Form 10-K
- 3/29/24 - Form NT
- 2/15/24 - Form 5
- SOPA's page on the SEC website