NASDAQ:SOPA

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Greenridge Global Initiates Equity Research on Society Pass Inc (Nasdaq: SOPA): Loyalty Wallet-Based eCommerce Ecosystem & Influencer Advertising Agency Poised For Outsized Growth In Fast Growing Southeast Asia

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Thursday, November 2, 2023

NEW YORK, Nov 2, 2023 - (ACN Newswire) - Greenridge Global LLC ("Greenridge Global") initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) ("SoPa" or the "Company"), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Key Points: 
  • NEW YORK, Nov 2, 2023 - (ACN Newswire) - Greenridge Global LLC ("Greenridge Global") initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) ("SoPa" or the "Company"), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.
  • Click Here (on Society Pass website) to view the full Greenridge Global Equity Research Report.
  • - Valuation: Greenridge Global initiates coverage with a target price based on an EV/Revenue multiple of roughly 3 times 2025 Revenue estimate of $33.3 million, discounted back one year at 20%.
  • The mix of social/influencer advertising and a loyalty-driven eCommerce ecosystem present a unique opportunity to capture this growth, and collect an abundance of data that can be monetized down the road.

Society Pass Inc (Nasdaq: SOPA) Awarded the 2023 APEA Fast Enterprise Award for E-Commerce Category

Retrieved on: 
Wednesday, November 1, 2023

SINGAPORE, Nov 1, 2023 - (ACN Newswire) - Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next-generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces that it received the Enterprise Asia's 2023 "Fast Enterprise Award for E-Commerce" award.

Key Points: 
  • SINGAPORE, Nov 1, 2023 - (ACN Newswire) - Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next-generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces that it received the Enterprise Asia's 2023 "Fast Enterprise Award for E-Commerce" award.
  • The Asia Pacific Enterprise Awards (APEA) ceremony was held on 05 October 2023 at the Log Hotel in Ho Chi Minh City, Vietnam.
  • Tan Yee Siong, Chief Financial Officer of SoPa, comments, "We are very proud to receive this Fast Enterprise Award for the e-commerce category from Enterprise Asia.
  • It is our great pleasure to congratulate Society Pass Incorporated for being selected as the winner under the e-Commerce Industry of the prestigious Asia Pacific Enterprise Awards (APEA) 2023."

Society Pass Inc (Nasdaq: SOPA) / Thoughtful Media Group Inc Ventures into Concert Sponsoring in Indonesia; Developing an Innovative Revenue Stream and Creating Unique Marketing Opportunities for Advertisers

Retrieved on: 
Tuesday, October 24, 2023

Streaming these concerts via TMG-affiliated social media channels, advertisers have the opportunity to collaborate with TMG-connected influencers in promoting these popular music events and reaching to their desired audiences.

Key Points: 
  • Streaming these concerts via TMG-affiliated social media channels, advertisers have the opportunity to collaborate with TMG-connected influencers in promoting these popular music events and reaching to their desired audiences.
  • Ilhamka Nizam, TMG Indonesia Country Head, explains, "Indonesians love music, and it comes as no surprise that TMG found an innovative way to tap into that expanding market segment.
  • Across these live events, TMG aims to reach over 2.5 million over the course of the next year which will create significant sponsorship opportunities for advertisers and our 10,000-member influencer community here in Indonesia.
  • I am confident that over 2024, the Group will expand these initiatives across the rest of the TMG markets in Southeast Asia, significantly increasing the revenues for the Group".

Society Pass Inc (Nasdaq: SOPA) / Thoughtful Media Group Inc Launches 1st Ever MediaGram to Build Indonesia Online Fitness Community

Retrieved on: 
Tuesday, October 17, 2023

TMG expects new revenue models with fitness clubs and clothing retailers to emerge as result of this partnership.

Key Points: 
  • TMG expects new revenue models with fitness clubs and clothing retailers to emerge as result of this partnership.
  • "MediaGram" is an Instagram page used as a media platform to build communities in collaboration with individuals and/or companies.
  • I am thrilled to share these habits and best practices with the wider online community and collaborating with renowned digital advertising firm, Thoughtful Media, on this endeavour".
  • TMG continues to create value-added services for our strategic celebrity partners, brands and the wider SEA creator community".

Society Pass Inc (Nasdaq: SOPA) Announces Equity Line of up to $40 Million to Invest into Operating Subsidiaries Projected to Go Public in 2024

Retrieved on: 
Thursday, October 12, 2023

SoPa shall have the right, but not the obligation, to sell to Strattners up to $40,000,000 of SoPa's common stock at SoPa's request over the next 36 months, subject to certain limitations.

Key Points: 
  • SoPa shall have the right, but not the obligation, to sell to Strattners up to $40,000,000 of SoPa's common stock at SoPa's request over the next 36 months, subject to certain limitations.
  • For instance, the amount that may be sold under the agreement will be subject to Instruction I.B.6 to Form S-3, which is referred to as the "baby shelf rules".
  • When the Company's public float is less than $75,000,000, it may not sell more than the equivalent of one-third of its public float during any twelve consecutive months pursuant to the baby shelf rules.
  • The shares of the Company's common stock will be issued at a 6% discount to the lowest volume-weighted average price during the three trading days following the date of the Company's request.

Society Pass Inc (Nasdaq: SOPA) Announces Plans to Spinout Two Profitable Business Units Into New Publicly-Traded Companies via Nasdaq IPOs in 2024

Retrieved on: 
Tuesday, October 10, 2023

As a result of these discussions, SoPa will pursue a spinout and initial public offering on Nasdaq in 2024 for its digital advertising ecosystem, Thoughtful Media Group Inc ("TMG"), and for its online travel platform, NusaTrip Inc ("NusaTrip").

Key Points: 
  • As a result of these discussions, SoPa will pursue a spinout and initial public offering on Nasdaq in 2024 for its digital advertising ecosystem, Thoughtful Media Group Inc ("TMG"), and for its online travel platform, NusaTrip Inc ("NusaTrip").
  • Nusatrip, a leading Indonesia-based online travel agency, offers a comprehensive range of airlines and hotels on its travel platform for corporate and retail customers across SEA.
  • Initially only focused on the Indonesian market, NusaTrip has expanded to other SEA countries to become a first-choice travel provider throughout SEA.
  • This new proposed group structure will further increase both their operational agility and ability to focus on delivering exceptional solutions to their customers."

New to The Street Announces its Five Corporate Interviews, airings on Newsmax and FOX Business Network

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Friday, September 22, 2023

Each show is to air across New to The Street's televised platforms on Newsmax and the FOX Business Network .

Key Points: 
  • Each show is to air across New to The Street's televised platforms on Newsmax and the FOX Business Network .
  • New to The Street airs on Newsmax, Episode 512, on Saturday, September 23, 2023, at 3:30 PM ET, and the FOX Business Network, Episode 513, on Monday, September 25, 2023, at 10:30 PM PT, featuring the following five (5) Corporate interviews:
    1).
  • America Rebel Holdings, Inc.'s (NASDAQ: AREB) ($AREB) Chairman/CEO Andy Ross is with New to The Street's TV Host Jane King.
  • From the Nasdaq MarketSite studio, Andy talks about AREB, a NASDAQ publicly traded company that makes "American Made" products.

Ascendiant Capital Markets: Society Pass Inc (Nasdaq: SOPA) 2Q 2023 Saw Strong Revenue Growth of 338% Year on Year; Major Acquisition and Expected Cash Probability in 2H 2023 to Drive Share Price Higher

Retrieved on: 
Monday, August 21, 2023

Click Here (on Society Pass website) or Here (on Ascendiant Capital Markets website) to view the full Ascendiant Capital Markets Equity Research Report.

Key Points: 
  • Click Here (on Society Pass website) or Here (on Ascendiant Capital Markets website) to view the full Ascendiant Capital Markets Equity Research Report.
  • - Strong 2Q 2023 Revenue Growth: SoPa reported its quarterly financial results on 10 August with 2Q 2023 revenues totaling $2.2 million, representing a 338% y-o-y.
  • Ascendiant notes that Inetindo's annual revenue of ~$30 million will be a significant contributor to Society Pass results going forward.
  • - Significant 2023 Revenue Growth and Expected Cash Profitability in 2H 2023: SoPa stated that 2023 revenue run rate can be $60 - 100 million and it expects to reach cash profitability sometime in 2H 2023.