Core Viewpoint - Society Pass (SOPA) has launched "TMG Social," a live commerce platform in Thailand, which is expected to enhance its position in the Southeast Asian social commerce market valued at approximately $90 billion [3]. Company Developments - The launch of "TMG Social" features livestream shopping, allowing brands to create shoppable posts and utilize product tags, integrating with TikTok challenges [1][3]. - Management anticipates that "TMG Social" will generate around $10 million in revenue in the next year, indicating immediate revenue accretion from the launch [6]. Market Positioning - The introduction of "TMG Social" represents a strategic shift from traditional e-commerce to interactive retail, catering to younger demographics who are increasingly engaging with live shopping experiences [4]. - Society Pass aims to leverage its network of over 10,000 influencer-creators to capitalize on the growing trend of livestream shopping [3]. Investment Appeal - Despite being classified as a penny stock, Society Pass is considered attractive for 2026, offering exposure to a rapidly growing digital economy with a price-to-sales (P/S) multiple of less than 1.6x [5]. - The company has a diversified portfolio across e-commerce, fintech, and media, strengthening the investment case at current levels [5]. - Society Pass shares are currently rated as a "Moderate Buy" by Wall Street analysts, indicating positive sentiment among investors [8].

Core Viewpoint - Society Pass Incorporated has announced a public offering of 1,500,000 shares at a price of $2.00 per share, aiming for gross proceeds of $3 million, expected to close on December 31, 2025 [1] Group 1: Offering Details - The public offering consists of 1,500,000 shares priced at $2.00 each, targeting gross proceeds of $3 million before expenses [1] - Rodman & Renshaw LLC is the exclusive placement agent for this offering [2] - The offering is conducted under a registration statement declared effective by the SEC on December 29, 2025 [3] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes, including operating expenses and capital expenditures [2] Group 3: Company Overview - Society Pass was founded in 2018 and operates in Southeast Asia, focusing on e-commerce across Vietnam, Indonesia, Philippines, Singapore, and Thailand, which represent over 80% of the SEA population [5] - The company operates in three interconnected verticals: digital media, travel, and lifestyle, leveraging technology to enhance customer experience [5] - Society Pass went public in November 2021 and trades on Nasdaq under the ticker SOPA [6]

Market Overview - U.S. stocks experienced a decline, with the Nasdaq Composite falling over 100 points on Monday. The Dow decreased by 0.43% to 48,500.27, the NASDAQ dropped 0.52% to 23,470.77, and the S&P 500 fell 0.34% to 6,906.49 [1] Sector Performance - Energy shares increased by 1.1% on Monday, while materials stocks fell by 1.3% in trading on Friday [1] Commodity Market - In commodity news, oil prices rose by 2.5% to $58.14, while gold prices decreased by 4.6% to $4,360.50. Silver fell by 8.1% to $70.925, and copper dropped by 4.3% to $5.5900 [5] European Market - European shares showed mixed results, with the eurozone's STOXX 600 gaining 0.1%, while Spain's IBEX 35 Index fell by 0.1%. London's FTSE 100 rose by 0.1%, Germany's DAX 40 decreased by 0.1%, and France's CAC 40 increased by 0.1% [6] Asian Market - Asian markets closed mostly lower, with Japan's Nikkei 225 down 0.44%, Hong Kong's Hang Seng Index down 0.71%, China's Shanghai Composite up 0.04%, and India's BSE Sensex down 0.41% [7] Company News - Eightco Holdings Inc. shares surged by 28% to $2.12 after announcing a share buyback program for up to $125 million [9] - Brand Engagement Network, Inc. shares increased by 64% to $1.97 following a finalized Vendor Services Project Agreement with a global advertising agency [9] - Society Pass Incorporated shares rose by 65% to $3.00 after launching TMG Social [9] - Mereo BioPharma Group plc shares plummeted by 90% to $0.23 after its Phase 3 studies for setrusumab did not meet primary endpoints [9] - Ultragenyx Pharmaceutical Inc. shares fell by 42% to $19.84 due to similar study results as Mereo [9] - Hycroft Mining Holding Corporation shares decreased by 14% to $21.61 as precious metal stocks retreated [9] Real Estate Market - U.S. pending home sales increased by 3.3% month-over-month in November, following a revised 2.4% gain in October, exceeding market expectations of a 1% gain [2][10]

Core Insights - Society Pass Incorporated is launching TMG Social, a live commerce platform aimed at capturing a share of the projected $90 billion Southeast Asian social commerce market [1][4] - TMGX aims to achieve a revenue target of $10 million in 2026 from its TMGX Social business unit, leveraging a network of over 10,000 influencers [5][6] Industry Overview - Live commerce has evolved into a significant sales engine in Southeast Asia, with platforms like TikTok, Shopee, and Lazada connecting brands with consumers [4] - Social media influences up to 60% of online purchases in countries like Thailand and Vietnam, indicating a strong trend towards social commerce [6] Company Strategy - TMGX focuses on core sectors such as fast-moving consumer goods, beauty and wellness, personal care, and food and beverage, utilizing its expertise to drive revenue growth [5] - The company employs a data-driven approach to track gross merchandise value for sales campaigns, enhancing performance and transparency for brands [5] TMG Social Features - TMG Social offers shoppable posts, livestream shopping, hashtag challenges with shopping features, and a creator marketplace to facilitate influencer marketing [5][9] - The revenue model includes flexible pricing structures, allowing clients to choose between campaign-based or retainer fee models, and incorporates a commission-based approach for livestreaming events [9]

Core Viewpoint - Society Pass Incorporated (SOPA) is positioned as a next-generation e-commerce ecosystem in Southeast Asia, with recent developments highlighting growth opportunities through its subsidiaries and strategic acquisitions in the AI sector [1]. Group 1: NusaTrip Developments - NusaTrip Inc. completed its IPO on August 18, 2025, raising $17.25 million and has shifted focus from B2C to B2B, partnering with Agoda and other OTAs, leading to over $100 million in GMV quarterly [2]. - The company is expected to accelerate growth by expanding into higher-margin B2C offerings and ancillary products, with a current share price of $9.00 valuing SOPA at $126 million based on its holdings [2]. Group 2: Thoughtful Media Group (TMG) Updates - Thoughtful Media Group Inc. is preparing for an IPO, with a focus on expanding its Premium business and maintaining its MCN operations through new channels [3]. - TMG plans to use IPO proceeds for M&A and market expansion, with a potential IPO price of $4.00, leading to a pre-money valuation of $71.2 million [3]. Group 3: AI Business Expansion - Society Pass announced plans to acquire AI software and infrastructure companies across SEA, Europe, and North America, indicating a strategic move into the AI market [4]. Group 4: Financial Projections - Greenridge's updated model estimates SOPA's 2025 revenue at $7.4 million with a loss of $0.15 per share, and a projected revenue of $18.2 million in 2026 with earnings of $0.16 per share, driven by NusaTrip's growth [5]. Group 5: Operational Efficiency - The company has streamlined operations by replacing back-office jobs with AI and investing in software upgrades, demonstrating a focus on cost control and operational efficiency [6]. Group 6: Market Position and Valuation - Greenridge maintains a Buy rating for SOPA, reducing the target price from $45.00 to $25.00, reflecting the current market value of SOPA's holdings in NUTR and TMGX, while noting that the stock is trading below net cash [7].

NEW YORK, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Society Pass Incorporated (Nasdaq: SOPA) (“SOPA” or the “Company”), Southeast Asia’s (SEA) next generation e-commerce ecosystem, today highlights Ascendiant Capital Markets LLC’s (“Ascendiant”) recent equity research report on Society Pass Inc. as published on December 17, 2025. Click Here (on Society Pass website) or Here (on Ascendiant Capital Markets website) to view the full Ascendiant Capital Markets Equity Research Report. Summary Points from Ascendiant’s Re ...

NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- As part of its ongoing corporate transformation, Society Pass Incorporated (Nasdaq: SOPA) (the “Company”), Southeast Asia’s (SEA) next generation e-commerce ecosystem, today announces the roll out of a comprehensive mergers and acquisition (“M&A”) strategy to capture potential significant valuation arbitrage acquisition opportunities across privately-held companies located in SEA, Europe and North America. The Company will be partnered up with selected regional an ...

Group 1 - The company is evolving its business model to focus on acquiring and operating AI-driven software and network infrastructure companies in Southeast Asia, Europe, and North America [1] - Society Pass aims to invest in and acquire equity stakes in data center and telecom operators to strengthen its market position in the next generation e-commerce ecosystem in Southeast Asia [1] - The CEO highlighted the successful listing of NusaTrip Incorporated, which was acquired for under US$5 million and recently listed on Nasdaq with a market capitalization exceeding US$70 million, showcasing the company's ability to create shareholder value [2] Group 2 - Society Pass was founded in 2018 and operates in fast-growing markets such as Vietnam, Indonesia, Philippines, Singapore, and Thailand, which together represent over 80% of the Southeast Asian population [3] - The company operates three interconnected verticals: digital media, travel, and lifestyle, leveraging technology to enhance customer experience and transform the retail value chain in Southeast Asia [3] - Society Pass completed its initial public offering in November 2021 and began trading on Nasdaq under the ticker SOPA [4]

As filed with the Securities and Exchange Commission on December 10, 2025. Registration Statement No. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Society Pass Incorporated (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation) Nevada 7389 83-1019155 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 80 Robinson Road, #17-01B, S ...

Core Insights - Society Pass Incorporated (SOPA) reported a quarterly loss of $0.89 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.07, marking an earnings surprise of -1,171.43% [1] - The company's revenues for the quarter ended September 2025 were $1.38 million, missing the Zacks Consensus Estimate by 42.5% and down from $1.68 million a year ago [2] - The stock has increased by approximately 87.1% since the beginning of the year, outperforming the S&P 500's gain of 14.6% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is -$0.07 on revenues of $2.4 million, and for the current fiscal year, it is -$0.42 on revenues of $8.8 million [7] Industry Context - The Technology Services industry, to which Society Pass Incorporated belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]