Society Pass Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
May 16 2024 - 11:17AM
Society Pass Inc. (NASDAQ: SOPA) (“SoPa” or the “Company”), a
leading e-commerce ecosystem in Southeast Asia (“SEA”), announced a
formal notification from The Nasdaq Stock Market LLC (“Nasdaq”)
that the Company has regained compliance with Listing Rule
5550(a)(2), which requires the Company’s common stock to maintain a
minimum bid price of $1.00 per share.
Nasdaq made this determination after the closing bid price for
Company’s stock was at $1.00 per share or greater for the prior 10
consecutive business days. Accordingly, the Company has regained
compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers
the prior bid price deficiency matter now closed.
About Society Pass
Established in 2018, Society Pass Inc. operates as a data-driven
e-commerce ecosystem across Vietnam, Indonesia, Philippines,
Singapore, and Thailand. With strategic offices across SEA, the
company operates in interconnected verticals—loyalty, digital
media, travel, telecommunications and lifestyle—serving consumers
and merchants/brands in Southeast Asia. Society Pass Incorporated
(Nasdaq: SOPA) is committed to driving innovation and reshaping the
digital commerce landscape in the region.
For more information, please visit:
Website: www.thesocietypass.com
LinkedIn: www.linkedin.com/company/societypass
Facebook: www.facebook.com/thesocietypass
Twitter: twitter.com/society_pass
Instagram: www.instagram.com/societypass
Cautionary Note Concerning Forward-Looking
Statements:
This press release may contain forward-looking statements within
the meaning of applicable securities laws. Such statements are
based on management's current expectations and beliefs and are
subject to various risks and uncertainties that could cause actual
results to differ materially. Investors are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof. The Company undertakes no obligation to
update any forward-looking statements contained herein, except as
required by applicable laws.
Media Contact:
Rokas Sidlauskas
Chief Marketing Officer
Email: rokas@thesocietypass.com
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