$SOPA·8-K

SOCIETY PASS INCORPORATED. · Mar 27, 4:20 PM ET

SOCIETY PASS INCORPORATED. 8-K

Research Summary

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Updated

Society Pass Inc. Receives Nasdaq Notice Over Low $1 Bid Price

What Happened

  • Item 3.01: On March 26, 2026, Society Pass Incorporated announced it received a Nasdaq Staff Letter stating its common stock closed below the $1.00 minimum bid price for 30 consecutive business days. Nasdaq has provided an initial 180-calendar-day compliance period, until September 22, 2026, to regain compliance. The Nasdaq letter has no immediate effect on the listing or trading of the Company’s common stock.

Key Details

  • Nasdaq deficiency cited: bid price below $1.00 for 30 consecutive business days.
  • Initial cure period: 180 calendar days (deadline: September 22, 2026).
  • Regain condition: closing bid of $1.00 or more for at least 10 consecutive business days before the deadline.
  • Possible next steps: if still noncompliant, the Company may seek an additional 180-day period by meeting other initial listing standards (except bid price) and notifying Nasdaq (reverse stock split is an example remedy); Nasdaq could also initiate delisting proceedings, which the Company may appeal.

Why It Matters

  • This notice signals a listing compliance risk that could lead to delisting if not cured. While trading is not currently affected, failure to meet the $1.00 bid requirement by the deadline could result in further Nasdaq action, potential loss of listing, and related negative impacts on liquidity and investor confidence. The Company said it will monitor the share price and consider options (including a reverse stock split) but provided no assurance it will regain compliance.

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