Nasdaq to Delist Society Pass Stock, Trading Suspension Imminent Following Bankruptcy Filing
SOPA is trading near its 52-week low of $0.13 (3.8% above the low).
Summary
Society Pass Incorporated received a notice from Nasdaq that its common stock will be delisted and trading suspended on May 21, 2026, as a direct result of its recent Chapter 11 bankruptcy filing.
Key Events · Corporate Governance and Compliance · SOPA
-
Nasdaq Delisting Notice Received
On May 14, 2026, Nasdaq notified Society Pass of its decision to delist the company's common stock.
-
Delisting Due to Chapter 11 Bankruptcy
The delisting is a direct result of the company's and its subsidiary's voluntary petitions for Chapter 11 bankruptcy relief filed on May 12, 2026.
-
Trading Suspension Imminent
Trading of the common stock on Nasdaq will be suspended at the opening of business on May 21, 2026.
-
Company Intends to Appeal
Society Pass Incorporated plans to appeal Nasdaq's delisting determination.
Analysis · SOPA · Trade & Services
This filing confirms the severe consequences of Society Pass's recent Chapter 11 bankruptcy filing. The Nasdaq delisting means the company's common stock will lose its exchange listing and trading will be suspended, significantly reducing liquidity and investor access. While the company intends to appeal, delisting is a standard outcome for companies undergoing bankruptcy, further complicating any potential recovery for shareholders.
At the time of this filing, SOPA was trading at $0.14 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.2M. The 52-week trading range was $0.13 to $6.28. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.