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Society Pass (SoPa) Announces Pricing of US$26 Million Initial Public Offering

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.

The

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.

Maxim

Group LLC is acting as sole book-running manager for the offering.

A

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.

This

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

jurisdiction.

About

Society Pass

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

The information

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.

Contacts:

SoPa:

Raynauld Liang, CFO

ray@thesocietypass.com

 

Investor Relations:

Jeff Ramson, CEO

PCG Advisory

jramson@pcgadvisory.com

(646) 863-6341

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