Society Pass Files Chapter 11, Faces Nasdaq Delisting

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

On May 12, 2026, Society Pass Incorporated and its wholly owned subsidiary SoPa, Inc. voluntarily filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas, formally initiating court-supervised restructuring proceedings. As a result of these Chapter 11 filings, Nasdaq determined that Society Pass no longer meets its listing requirements and decided to delist the company’s common stock, with trading set to be suspended at the market open on May 21, 2026, while the company plans to appeal the delisting decision and a deregistration filing will be made with the SEC.

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 is a Nevada-based company operating through its wholly owned subsidiary SoPa, Inc., a Texas corporation. The company’s primary activity centers on issuing and trading its common stock on public markets, with its shares previously listed on the Nasdaq Stock Market, targeting investors in the U.S. capital markets.

Average Trading Volume: 1,787,345

Technical Sentiment Signal: Sell

Current Market Cap: $2.3M

For a thorough assessment of SOPA stock, go to TipRanks’ Stock Analysis page.