Common Shares to Trade on NASDAQ under Ticker “SOPA”
Singapore – (NewMediaWire) – November 08, 2021 – Society Pass Incorporated (Nasdaq: SOPA)
(“SoPa” or the “Company”), a leading Southeast Asian data-driven loyalty
platform, today announced the pricing of its initial public offering of 2,888,889
shares of common stock (the “Shares”) at a price of US$9.00 per share. The
shares have been approved for listing on the Nasdaq Capital Market
(“Nasdaq”) and will trade under the ticker symbol “SOPA”
beginning November 9, 2021.
Company has granted the underwriters a 45-day option to purchase up to 433,333
additional shares at the initial public offering price to cover
over-allotments, if any. The offering is expected to close on November 12,
2021, subject to customary closing conditions.
Group LLC is acting as sole book-running manager for the offering.
registration statement relating to the Shares was declared effective by the SEC
on November 8, 2021. The offering is being made only by means of a prospectus,
copies of which may be obtained by contacting Maxim Group LLC, 300 Park Avenue,
16th Floor, New York, New York 10022.
Copies of the registration statement can be accessed through the SEC’s
website at www.sec.gov.
press release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in any state or
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
SoPa’s customer loyalty and analytics platform has
onboarded hundreds of thousands of registered consumers. SoPa provides
merchants with SoPa.asia – an online commerce platform for users, alongside with
#HOTTAB Biz – a convenient order management app for business
partners on SoPa.asia, and #HOTTAB POS – a specialized POS technology solution, a
comprehensive system for payment, loyal customer management, user’s profile
analytics, and convenient financial support packages for small and medium-sized
enterprises. All tools offered above will allow businesses to attract and
retain customers through personalized interaction based on analytics with a
high profit margin. SoPa also operates www.leflair.com, Vietnam’s leading lifestyle e-commerce platform.
For more information, please check out: http://thesocietypass.com/
Forward Looking Statements
contained herein may contain “forward‐looking statements.” Forward‐looking
statements reflect the current view about future events. When used in this
press release, the words “anticipate,” “believe,” “estimate,” “expect,”
“future,” “intend,” “plan,” or the negative of these terms and similar
expressions, as they relate to us or our management, identify forward‐looking
statements. Such statements include, but are not limited to, statements
contained in this press release relating to the view of management of the
Company concerning its business strategy, future operating results and
liquidity and capital resources outlook. Forward‐looking statements are based
on the Company’s current expectations and assumptions regarding its business,
the economy and other future conditions. Because forward–looking statements
relate to the future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict. The Company’s actual
results may differ materially from those contemplated by the forward‐looking
statements. They are neither statements of historical fact nor guarantees of
assurance of future performance. We caution you therefore against relying on
any of these forward‐looking statements. Factors or events that could cause the
Company’s actual results to differ may emerge from time to time, and it is not
possible for the Company to predict all of them. The Company cannot guarantee
future results, levels of activity, performance or achievements. Except as required
by applicable law, including the securities laws of the United States, the
Company does not intend to update any of the forward‐looking statements to
conform these statements to actual results.
Raynauld Liang, CFO
Jeff Ramson, CEO
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