Society Pass annoucnes 1-for-15 reverse stock split

Society Pass announced that the board approved a proposed 1-for-15 shares reverse split of its common stock. Beginning with the opening of trading on May 1, the company’s common stock will begin trading on a post-Reverse Split basis on the Nasdaq Capital Market under the same symbol “SOPA“, but under a new CUSIP number of 83370P201. The objective of the Reverse Split is to enable the company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on the Nasdaq Capital Market.