Society Pass stock price drops due to NASDAQ trading suspension update

LootboxPhobia · 2026-02-20T15:54:24+00:00

Society Pass Incorporated stock price fell 12.5% on Friday as its subsidiary NusaTrip faces regulatory investigation regarding its trading status. NusaTrip has been actively cooperating with the SEC and Nasdaq, and although trading remains suspended, its daily operations have not been significantly affected.

LootboxPhobia

2026-02-20 15:54:24

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Investing.com - Society Pass Incorporated (NASDAQ:SOPA) stock fell 12.5% on Friday after the company and its majority-controlled subsidiary NusaTrip Incorporated (NASDAQ:NUTR) released the latest updates regarding regulatory investigations into NusaTrip’s trading status.

NusaTrip filed Form 8-K with the U.S. Securities and Exchange Commission on February 3, 2026, concerning its trading status on the Nasdaq stock market and related regulatory investigations. After providing an initial response on October 14, 2025, to Nasdaq’s information request dated October 9, 2025, Nasdaq issued a follow-up request for additional information.

NusaTrip submitted a written response to the follow-up request on November 17, 2025. On December 22, 2025, NusaTrip received a request from the SEC to voluntarily produce documents, to which the company responded on January 20, 2026.

As of Friday, NusaTrip’s securities remain suspended from trading on Nasdaq. NusaTrip continues to cooperate fully with the SEC and Nasdaq to resolve any outstanding issues and will provide further updates when appropriate.

NusaTrip stated that its daily operations remain normal and have not been materially affected by the ongoing trading suspension. Society Pass is an e-commerce ecosystem in Southeast Asia, while NusaTrip operates as an integrated travel technology platform in Southeast Asia and the Asia-Pacific region.

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