Form 8-K - Current report
22 Novembre 2023 - 11:11PM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): November
22, 2023
SOCIETY PASS INCORPORATED
(Exact name of registrant as specified in its charter)
Nevada |
|
001-41037 |
|
83-1019155 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification Number) |
701 S. Carson Street, Suite 200 Carson City,
Nevada 89701
(Address of principal executive offices)
(+65) 6518-9385
(Registrant’s telephone number, including
area code)
N/A
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act.
Title of each class |
|
Trading Symbol |
|
Name of each exchange on which registered |
Common Stock, par value $0.0001 per share |
|
SOPA |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01. Other
Events.
On November 22, 2023, The
Nasdaq Stock Market (“Nasdaq”) notified Society Pass Incorporated (the “Company”) that it would
be afforded an additional 180 calendar days (or until May 20, 2024) to regain compliance with Nasdaq’s minimum bid price requirement.
As previously disclosed, on
May 25, 2023, the Company received a notification letter from the Nasdaq Listing Qualifications Department stating that, for 30 consecutive
business days, the closing bid price of the Company’s common stock had been below the minimum of $1 per share required for continued
listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The initial notification letter stated that the Company would
be afforded 180 calendar days (until November 21, 2023) to regain compliance, and that the Company may be eligible for additional time.
Although the Company did not regain compliance with Nasdaq Listing Rule 5550(a)(2) within the initial 180 calendar day period, Nasdaq
determined that the Company was eligible for the additional 180 calendar day period to regain compliance.
In order to regain compliance,
the closing bid price of the Company’s common stock must be at least $1 per share for a minimum of ten consecutive business days
during the additional 180 calendar day period ending May 20 , 2024. The Company intends to consider all available options to regain compliance
with the Nasdaq listing standards.
The Nasdaq notification has
no effect at this time on the listing of the Company’s common stock which will continue to trade uninterrupted under the symbol
“SOPA”.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
Society Pass Incorporated |
|
|
|
By: |
/s/ Raynauld Liang |
|
Name: |
Raynauld Liang |
|
Title: |
Chief Executive Officer |
|
|
|
Date: November 22, 2023 |
|
|
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