NusaTrip Incorporated Announces Waiver of Society Pass Lock-Up Agreement

Core Viewpoint - NusaTrip Incorporated has received consent from its IPO underwriter, Cathay Securities, to grant an early release to Society Pass Incorporated from its securities lock-up agreement related to NusaTrip's initial public offering, which took place in August 2025 [1][2]. Company Overview - NusaTrip Incorporated, established in 2015 and headquartered in Jakarta, Indonesia, operates as a travel ecosystem focused on Southeast Asia (SEA) and Asia-Pacific (APAC) [3]. - The company employs an acquisitions-focused growth strategy, emphasizing mergers and acquisitions of offline travel agencies to enhance its business operations [3]. - NusaTrip has successfully acquired travel companies such as VLeisure and VIT in Vietnam and is actively seeking to acquire additional travel agencies in various countries including PRC, Hong Kong, Philippines, Thailand, Singapore, Malaysia, India, and UAE [3]. Industry Position - NusaTrip is recognized as the first Indonesian-based online travel agent (OTA) to receive International Air Transport Association (IATA) accreditation, which provides access to all airline fares and inventories [4]. - This accreditation allows NusaTrip to offer competitive pricing from both full-service and low-cost carriers, enhancing its market position in the travel industry [4].