Society Pass Faces Judgment Enforcement in O’Connor Equity Dispute

Society Pass ( (SOPA) ) has provided an announcement.

In a long-running employment and equity dispute in New York Supreme Court, former Society Pass employee Thomas O’Connor and CVO Advisors Pte. Ltd. sought unpaid salary, expenses, and substantial equity claims, including millions of dollars’ worth of common and preferred shares. After discovery, a valuation hearing, and a July 2025 trial, the Court on February 5, 2026 found that O’Connor had fraudulently induced Society Pass into certain agreements, ordered rescission and return of shares, and dismissed his salary, severance, and most equity claims, as well as CVO’s $8 million preferred stock claim.

The Court upheld an earlier partial summary judgment of about $6.6 million plus interest for 1,148 vested common shares and awarded an additional roughly $824,000 plus interest for equity vested before August 2019, while dismissing the Company’s remaining counterclaims. To secure enforcement without constraining operating cash, the Court ordered 3,000,000 shares of subsidiary Thoughtful Media Group and later 250,000 shares of subsidiary NusaTrip placed into escrow in July 2025 and April 2026. A judgment implementing these rulings was entered on April 9, 2026, and O’Connor has begun enforcement efforts, prompting Society Pass to evaluate its legal options, including potential appeals, which may affect its equity structure and control over subsidiary shareholdings.

The most recent analyst rating on (SOPA) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Society Pass stock, see the SOPA Stock Forecast page.

Spark’s Take on SOPA Stock

According to Spark, TipRanks’ AI Analyst, SOPA is a Neutral.

Society Pass faces significant financial challenges, with consistent losses and negative equity. While there are some improvements in cash flow, the overall financial stability is weak. Technical analysis indicates bearish momentum, and the valuation is unattractive due to a negative P/E ratio. These factors contribute to a low overall stock score.

To see Spark’s full report on SOPA stock, click here.

More about Society Pass

Society Pass Incorporated operates as a technology-driven company that holds and develops subsidiaries in sectors such as digital media and online travel in Southeast Asia. Its portfolio includes Thoughtful Media Group Incorporated, a digital media subsidiary, and NusaTrip Incorporated, an online travel platform, reflecting a focus on consumer-facing internet services in emerging markets.

Average Trading Volume: 1,123,636

Technical Sentiment Signal: Sell

Current Market Cap: $4.8M

See more data about SOPA stock on TipRanks’ Stock Analysis page.