Society Pass Incorporated (NASDAQ: SOPA) priced a best‑efforts public offering of 5,381,819 shares of its common stock at $0.55 per share, targeting gross proceeds of approximately $3 million. The offering is expected to close on February 13, 2026, and will be conducted through Rodman & Renshaw LLC as the exclusive placement agent. Net proceeds will be used for working capital and general corporate purposes, including operating expenses and capital expenditures.
The company operates across digital media, travel, and lifestyle segments in Southeast Asia. For the fiscal year ended December 31, 2024, Society Pass reported revenue of $7.11 million, down 13.05% year‑over‑year, and a net loss of $10.2 million. Gross margin fell to 26.22%, a decline of 13.26% from the prior year, while the net profit margin was –144.08%, up 34.95% from the previous year. These figures illustrate ongoing liquidity challenges and a need for additional capital.
The low offering price of $0.55 per share reflects the company’s current valuation and liquidity position. By raising $3 million, Society Pass aims to strengthen its balance sheet, support day‑to‑day operations, and fund future growth initiatives within its core verticals. The offering is priced under a Form S‑1 registration statement that became effective on February 11, 2026, underscoring the timing of the announcement.
With a market capitalization of roughly $5–$7 million—significantly below the estimated cash value of about $29 million—the company’s capital raise is a material financing event that could influence its financial trajectory. No other major corporate actions, such as mergers, acquisitions, or leadership changes, were disclosed in connection with the offering.
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