SOCIETY PASS INCORPORATED. 8-K

What Happened Society Pass Incorporated (SOPA) and its wholly owned subsidiary SoPa, Inc. filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code on May 12, 2026, in the United States Bankruptcy Court for the Southern District of Texas. The Company’s other subsidiaries, including NusaTrip Incorporated and Thoughtful Media Group Incorporated, are not debtors. The Bankruptcy Court approved joint administration of the cases under the caption In re Society Pass Incorporated, et al. The Debtors will continue to operate as debtors-in-possession and have filed first-day motions seeking authority to keep businesses running without interruption.

Key Details

• Petition date: May 12, 2026; forum: U.S. Bankruptcy Court, Southern District of Texas.
• Debtors: Society Pass Incorporated (Nevada) and SoPa, Inc. (Texas); certain subsidiaries (e.g., NusaTrip, Thoughtful Media Group) are not debtors.
• Debtors will operate as debtors-in-possession and have requested first‑day relief to continue ordinary operations and payroll.
• Company warns trading its securities during the Chapter 11 cases is highly speculative and may not reflect any eventual recovery to holders.

Why It Matters For investors, the filing is material because it starts a court-supervised restructuring process that will affect creditors and equity holders. The Company expects to continue day‑to‑day operations, but outcomes depend on the Chapter 11 process, court rulings, any reorganization or sale, and related motions. The 8‑K also flags risks to liquidity, results of operations and trading value; trading prices may bear little relation to any eventual recovery.