Society Pass Inc. Receives Extension to Regain Compliance with NASDAQ Listing Rules
New York, Nov. 24, 2023 (GLOBE NEWSWIRE) – Society Pass Inc. (Nasdaq: SOPA)
Society Pass Inc., also known as SoPa, has announced that it has received an extension until May 20, 2024 to regain compliance with NASDAQ Listing Rules. This extension provides the company with additional time to meet the requirements set forth by NASDAQ and maintain its listing on the exchange.
SoPa is a Southeast Asia-based next-generation company that focuses on data-driven solutions in the areas of loyalty, fintech, and e-commerce. The company’s innovative approach has garnered attention in the industry, and this extension gives them the opportunity to continue their growth and success.
The NASDAQ extension letter was filed in a Form 8-K with the Securities and Exchange Commission, outlining the details of the extension and the steps that SoPa will take to ensure compliance moving forward. This development signals SoPa’s commitment to upholding the standards set by NASDAQ and maintaining transparency with investors.
How Will This Affect Me?
As an investor in Society Pass Inc., this extension provides reassurance that the company is taking the necessary steps to regain compliance with NASDAQ Listing Rules. It demonstrates their dedication to transparency and upholding industry standards, which can instill confidence in shareholders and stakeholders.
How Will This Affect the World?
The extension granted to Society Pass Inc. reflects the importance of regulatory compliance and oversight in the global financial market. By adhering to NASDAQ Listing Rules and working towards compliance, SoPa sets a positive example for other companies in the industry, promoting accountability and transparency on a broader scale.
Conclusion
Society Pass Inc.’s extension to regain compliance with NASDAQ Listing Rules marks a significant step in the company’s journey towards continued success and growth. By prioritizing transparency and accountability, SoPa sets a high standard for the industry as a whole, showcasing the importance of regulatory compliance and ethical business practices.
