SOCIETY PASS INCORPORATED. 8-K

What Happened
Society Pass Incorporated (SOPA) and its wholly‑owned subsidiary SoPa, Inc. filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas on May 12, 2026. On May 14, 2026, Nasdaq’s Listing Qualifications Department notified the company that it determined to delist SOPA’s common stock pursuant to Nasdaq Listing Rules 5101, 5110(b) and IM‑5101‑1 because of the Chapter 11 filings. Trading of the common stock will be suspended at the opening of business on May 21, 2026, and the company will file a Form 25‑NSE to remove the shares from Nasdaq. The company intends to appeal Nasdaq’s delisting determination.

Key Details

• Chapter 11 petitions filed: May 12, 2026 (Company and SoPa, Inc.).
• Nasdaq delisting notice issued: May 14, 2026.
• Trading suspension date: at opening of business on May 21, 2026.
• Nasdaq rules cited: 5101, 5110(b), IM‑5101‑1; Form 25‑NSE to be filed to remove listing.
• Company action: intends to appeal the Nasdaq determination; forward‑looking statements included in the 8‑K.

Why It Matters
A Nasdaq delisting and trading suspension can significantly reduce liquidity and marketability of SOPA shares and may increase price volatility. The company’s Chapter 11 cases are ongoing, and the ultimate impact on shareholders depends on the bankruptcy process and any appeals—events noted in the filing. Investors should note the formal delisting schedule and the company’s stated intention to appeal when assessing risk.