NEW YORK, December 31, 2025 (GLOBE NEWSWIRE) — Society Pass Incorporated (Nasdaq: SOPA) (the “Company”)Southeast Asia’s (SEA) next-generation e-commerce ecosystem, today announced the closing of its previously announced public offering of an aggregate of 1,500,000 common shares at a public offering price of $2.00 per share, for aggregate gross proceeds of $3 million, before deducting placement agent fees and other offering expenses payable by the company. The offering was priced at a fair market price under Nasdaq rules.
Rodman & Renshaw LLC acted as exclusive placement agent for the offering.
The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, including operating expenses and capital expenditures.
The securities were offered and sold pursuant to a registration statement on Form S-1 (File No. 333-292060) declared effective by the Securities and Exchange Commission (the “SEC”) on December 29, 2025. The offering was made only by means of a prospectus forming part of the effective registration statement relating to the offering. Electronic copies of the final prospectus may be obtained from the SEC’s website at http://www.sec.gov and can also be obtained by contacting Rodman & Renshaw LLC at 600 Lexington Avenue, 32nd Floor, New York, NY 10022, by telephone at (212) 540-4414, or by email at info@rodm.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Society Pass Inc.
Founded in 2018 as an e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of SEA’s population, and with offices in Bangkok, Ho Chi Minh City, Jakarta, Manila and Singapore. Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-oriented holding company that operates three interconnected verticals (digital media, travel and lifestyle). Society Pass uses technology to provide customers with a more personalized experience throughout the purchasing journey and transform the entire retail value chain in SEA.
Society Pass completed an initial public offering and began trading on the Nasdaq in November 2021 under the ticker SOPA.
For more information about the Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn on https://www.linkedin.com/company/societypass or
Facebook on https://www.facebook.com/thesocietypass or
X at https://twitter.com/society_pass or
Instagram on https://www.instagram.com/societypass/.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the intended use of proceeds from the offering. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “will,” “should,” “could have,” “likely” and other words and terms of similar meaning. Forward-looking statements represent Society Pass Incorporated’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These risks and uncertainties include market conditions, including the trading price and volatility of Society Pass Incorporated’s common stock and risks relating to Society Pass Incorporated’s business, including the Company’s ability to evolve and successfully change its business model and the Company’s ability to identify new investments and spin-off acquisitions.
Media contact:
Raynuald LIANG
General manager
ray@thesocietypass.com
