Society Pass Inc. Issues First Advance Notice to Strattners Bank, to Continue its Growth Plans [Yahoo! Finance]
Society Pass Incorporated (SOPA)
Company Research
Source: Yahoo! Finance
Following the recent securing of an equity line of up to $40 million, to support Society Pass's plans for potential public offerings of its subsidiaries, SoPa has issued its first advance notice to Strattners FZCO, the Family Office of Strattners Bank SA. The notice entails the issuance of 1,000,000 shares priced at $0.18 per share, in accordance with the terms of the financing agreement. Under this agreement, the shares are acquired through a calculation based on a calculated market price multiplied by 96%, ensuring efficient capital deployment. In addition to this first financing, SoPa retains the right, though not the obligation, to sell up to $40,000,000 of its common stock to Strattners. Raynauld Liang, CEO of SoPa, expressed enthusiasm about the collaboration with Strattners, emphasizing its significance in generating shareholder value. He stated, "This capital infusion underscores our commitment to strategic growth initiatives, including potential spinouts such as Thoughtf
Show less
Read more
Impact Snapshot
Event Time:
SOPA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SOPA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SOPA alerts
High impacting Society Pass Incorporated news events
Weekly update
A roundup of the hottest topics
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