Society Pass Incorporated Announces Pricing of $3 Million Public Offering of Common Stock

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]