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Society Pass Incorporated (NASDAQ:SOPA) announced it has regained compliance with the equity requirements for continued listing on the Nasdaq Capital Market. According to a statement released in a recent SEC filing, the company received a letter from Nasdaq on Tuesday confirming that it now meets the minimum stockholders’ equity threshold of $2.5 million, as required by Nasdaq Listing Rule 5550(b)(2).
The company’s common stock remains listed on the Nasdaq Capital Market. Earlier this year, Society Pass received a delisting notice from Nasdaq due to non-compliance with the equity rule. The company requested a hearing with the Nasdaq Hearings Panel, which initially granted continued listing through June 30, 2025, and later extended the exception until August 18, 2025.
Nasdaq has now informed Society Pass that it will be subject to a Mandatory Panel Monitor for a one-year period beginning with the date of the compliance letter. If the company fails to meet the equity requirement again during this monitoring period, Nasdaq will issue a delisting determination without offering an additional cure or compliance period.
This information is based on a press release statement contained in the company’s Form 8-K filing with the Securities and Exchange Commission.
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