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Society Pass completes NusaTrip IPO, reports $13.5 million in proceeds

Published 18/08/2025, 19:06
Society Pass completes NusaTrip IPO, reports $13.5 million in proceeds
SOPA
9.02%

Society Pass Incorporated (NASDAQ:SOPA) reported Monday that it has completed the initial public offering of its subsidiary, NusaTrip Incorporated, resulting in net proceeds of approximately $13.5 million. The information is based on a statement contained in a filing with the Securities and Exchange Commission.

According to the filing, Society Pass furnished unaudited condensed consolidated balance sheets as of June 30, 2025, and pro forma balance sheets as of Monday, reflecting the effects of the NusaTrip IPO. The company stated that the transaction was finalized Monday.

NusaTrip Incorporated is a subsidiary of Society Pass, which is incorporated in Nevada and operates its principal executive offices in Carson City, Nevada. Society Pass’s common stock is listed on the Nasdaq Stock Market under the ticker symbol SOPA.

The filing indicates that the $13.5 million in net proceeds from the IPO were received by Society Pass as a result of the offering. No further details regarding the use of proceeds or additional financial information were provided in the statement.

This report is based on a press release statement included in the company’s SEC filing.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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