NEW YORK, December 29, 2025, 02:19 ET — Market closed.
- Society Pass ended its last session up 58% at $1.82, with about 42 million shares traded.
- A recent SEC filing outlined a proposed share and pre-funded warrant offering that could expand the share count.
- Traders head into Monday watching for any update on the financing and key U.S. data releases.
Shares of Society Pass Incorporated (SOPA) ended Friday up 58% at $1.82, after touching $2.26, as more than 42 million shares changed hands.
The sharp move in the Nasdaq-listed microcap comes as investors weigh the company’s push for acquisitions and capital-raising plans into year-end trading, when liquidity can be thin.
In a registration statement filed this month, Society Pass said it planned to offer up to about 2.05 million shares and pre-funded warrants, securities that can later be converted into common stock, expanding the share count and diluting existing holders.
The preliminary prospectus pegged an assumed offering price of $1.46 per share, based on the stock’s Dec. 8 close, and said the offering would run through Feb. 14, 2026 unless terminated earlier. Rodman & Renshaw will act as exclusive placement agent, and the company said it expects to use proceeds for working capital and general corporate purposes.
Pre-funded warrants are typically used to keep an investor’s ownership below set thresholds; Society Pass said it would offer them to buyers who would otherwise exceed 4.99% (or 9.99% at the holder’s election). The warrants carry a nominal $0.001 exercise price, the filing showed.
Based on the 6.1 million shares outstanding disclosed in the prospectus, Friday’s close implies a market value of about $11 million. Selling the full amount of new stock would lift the share count by roughly a third.
The company has pitched the financing against a broader shift in strategy. In a Dec. 15 press release, Society Pass said it was rolling out a mergers-and-acquisitions plan targeting privately held companies in areas including AI data centres, travel, digital advertising and telecommunications.
“We believe that we are uniquely positioned to generate value from this strategy going forward for our shareholders,” Chief Executive Raynauld Liang said in that release.
Society Pass said it expects to work with selected private equity firms to source and execute deals.
Its most recent company update distributed via GlobeNewswire came on Dec. 23, when it highlighted a Greenridge Global research report that discussed its stake in travel platform NusaTrip, which listed on Nasdaq in August.
Friday’s rally left the stock trading in a wide range, opening at $1.22 and swinging between $1.12 and $2.26, according to market data.
Before Monday’s opening bell, traders will be watching for any amendment to the S-1, pricing terms or an announcement tied to the company’s deal pipeline. Small-cap names can see outsized moves around financing headlines.
Technical traders are likely to focus on Friday’s $2.26 high as a near-term resistance level, with $1.12 the day’s low marking a potential support area.
On the macro side, Monday’s U.S. calendar includes the Census Bureau’s advance international trade-in-goods report at 8:30 a.m. and the National Association of Realtors’ pending home sales index at 10:00 a.m. ET, with the Dallas Fed’s manufacturing survey due at 10:30 a.m. The Federal Reserve is scheduled to release minutes of its December policy meeting on Tuesday at 2:00 p.m. ET.
Nasdaq’s earnings calendar does not list a confirmed next earnings date for Society Pass. That leaves investors looking for any fresh disclosure on funding and acquisitions as the next clear catalyst.
