Society Pass Incorporated Announces Pricing of $3.0 Million Public Offering of Common Stock

Core Viewpoint - Society Pass Incorporated has announced a public offering of 5,381,819 shares at a price of $0.55 per share, aiming for gross proceeds of approximately $3.0 million, with the offering expected to close on February 13, 2026 [1]. Group 1: Offering Details - The public offering is being conducted by Rodman & Renshaw LLC as the exclusive placement agent [2]. - The net proceeds from the offering will be utilized for working capital and general corporate purposes, including operating expenses and capital expenditures [2]. - The offering is registered under Form S-1, which was declared effective by the SEC on February 11, 2026 [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 together represent over 80% of the SEA population [5]. - The company operates three interconnected verticals: digital media, travel, and lifestyle, leveraging technology to enhance customer experience and transform the retail value chain in the region [5]. - Society Pass began trading on Nasdaq under the ticker SOPA following its initial public offering in November 2021 [6].