TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Society Pass Incorporated (NASDAQ:SOPA) has amended its Articles of Incorporation to significantly increase its authorized common stock. The amendment, effective upon filing on June 2, 2025, with the Secretary of State for Nevada, raises the number of shares from 6,333,333 to 50,000,000. This change was approved by the company’s stockholders through written resolutions.
The amendment to the Articles of Incorporation is documented in a filing with the Securities and Exchange Commission (SEC) as part of a Form 8-K report. Society Pass, classified under the Standard Industrial Classification for business services, is an emerging growth company as defined by SEC regulations.
This increase in authorized shares could provide Society Pass with greater flexibility for future corporate actions, such as raising capital or acquiring other businesses, although the company has not specified any immediate plans for the additional shares.
The filing also included details about the company’s incorporation in Nevada and its registration on the Nasdaq Stock Market under the ticker symbol SOPA. The company’s fiscal year ends on December 31, and it is headquartered in Carson City, Nevada.
The information is sourced from the SEC filing and is intended to provide a factual overview of the recent corporate changes at Society Pass Incorporated.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.