Society Pass Incorporated Announces Closing of $3 Million Public Offering of Common Stock Priced At Premium to Market Under Nasdaq Rules

Core Viewpoint - Society Pass Incorporated has successfully closed a public offering of 1,500,000 shares at a price of $2.00 per share, raising gross proceeds of $3 million, which will be used for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The public offering consisted of 1,500,000 shares priced at $2.00 each, resulting in total gross proceeds of $3 million before expenses [1]. - Rodman & Renshaw LLC served as the exclusive placement agent for the offering [2]. - The offering was conducted under a registration statement on Form S-1, which was declared effective by the SEC on December 29, 2025 [3]. Group 2: Company Overview - Society Pass was founded in 2018 and operates in the fast-growing e-commerce markets of Southeast Asia, including Vietnam, Indonesia, Philippines, Singapore, and Thailand, which collectively represent over 80% of the region's population [5]. - The company operates three interconnected verticals: digital media, travel, and lifestyle, leveraging technology to enhance customer experiences [5]. - Society Pass began trading on Nasdaq under the ticker SOPA in November 2021 [6].