NusaTrip's securities trading remains halted amid ongoing SEC and Nasdaq inquiries; operations continue unaffected.
Quiver AI Summary
Society Pass Incorporated, a Southeast Asian e-commerce company, announced that its majority-owned subsidiary, NusaTrip Incorporated, has filed a Form 8-K with the SEC regarding ongoing trading issues and regulatory inquiries concerning NusaTrip's securities on Nasdaq. Following an initial request from Nasdaq in October 2025, NusaTrip has provided additional information and is cooperating with investigations from both Nasdaq and the SEC. Despite the trading suspension on Nasdaq, NusaTrip reported that its daily business operations remain unaffected. Society Pass, founded in 2018, operates across multiple Southeast Asian markets and leverages technology in the digital media and travel sectors. NusaTrip, established in 2015, is a significant player in the region's travel technology industry.
Potential Positives
- NusaTrip is cooperating fully with SEC and Nasdaq to resolve regulatory inquiries, demonstrating commitment to compliance and transparency.
- The company assures shareholders that daily business operations remain normal and are not materially affected by the trading suspension, indicating business stability.
- Society Pass is positioned in Southeast Asia’s rapidly growing e-commerce market, which accounts for a significant portion of the region's population and presents growth opportunities.
- NusaTrip's establishment as the first Indonesian-based OTA to receive IATA accreditation strengthens its market credibility and access to airline inventories, enhancing its competitive edge.
Potential Negatives
- NusaTrip's trading on Nasdaq is currently halted, which may negatively affect investor confidence and market perception of both NusaTrip and Society Pass.
- The ongoing regulatory inquiries by the SEC and Nasdaq suggest potential compliance issues that could impact the company's reputation and operational stability.
- The mention of a request from the SEC for voluntary production of documents indicates the possibility of deeper investigations, which could lead to further scrutiny and consequences for the company.
FAQ
What is the current status of NusaTrip's trading on Nasdaq?
NusaTrip's trading remains halted as of today due to ongoing regulatory inquiries.
When did NusaTrip submit its responses to the SEC?
NusaTrip submitted its responses to the SEC’s request on January 20, 2026.
How is Society Pass Incorporated performing amid NusaTrip's trading suspension?
Society Pass confirms that its daily business operations remain normal despite the trading suspension of NusaTrip.
What services does NusaTrip provide as a travel technology platform?
NusaTrip provides access to over 500 airlines and 650,000 hotels worldwide for travel bookings.
When did Society Pass complete its initial public offering?
Society Pass completed its initial public offering in November 2021, trading under the ticker SOPA.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SOPA Hedge Fund Activity
We have seen 11 institutional investors add shares of $SOPA stock to their portfolio, and 7 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HRT FINANCIAL LP added 92,231 shares (+inf%) to their portfolio in Q4 2025, for an estimated $350,477
- CONNECTIVE CAPITAL MANAGEMENT, LLC added 74,088 shares (+inf%) to their portfolio in Q4 2025, for an estimated $281,534
- CITADEL ADVISORS LLC removed 33,009 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $38,950
- VIRTU FINANCIAL LLC removed 29,844 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $35,215
- VANGUARD GROUP INC added 29,029 shares (+107.5%) to their portfolio in Q4 2025, for an estimated $110,310
- RENAISSANCE TECHNOLOGIES LLC removed 27,377 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $104,032
- UBS GROUP AG added 18,336 shares (+104.4%) to their portfolio in Q4 2025, for an estimated $69,676
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SOPA Analyst Ratings
Wall Street analysts have issued reports on $SOPA in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Ascendiant Capital issued a "Buy" rating on 12/18/2025
To track analyst ratings and price targets for $SOPA, check out Quiver Quantitative's $SOPA forecast page.
Full Release
NEW YORK, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Society Pass Incorporated (Nasdaq: SOPA) (the “ Company ”), Southeast Asia’s (SEA) next generation e-commerce ecosystem, and its majority owned subsidiary, NusaTrip Incorporated (Nasdaq: NUTR) (“ NusaTrip ”), the leading SEA and Asia-Pacific-based (APAC) integrated travel technology platform, announces that NusaTrip filed a Form 8-K with the Securities and Exchange Commission (SEC) on February 3, 2026 regarding the status of trading in NusaTrip’s securities on The Nasdaq Stock Market LLC (“Nasdaq”) and related regulatory inquiries.
Click Here (on S EC website) to view Form 8-K .
Following NusaTrip’s initial response on October 14, 2025 to Nasdaq’s October 9, 2025 information request, Nasdaq issued follow-up requests for additional information. NusaTrip submitted written responses to these follow-up requests on November 17, 2025. On December 22, 2025, NusaTrip received a request from the SEC for the voluntary production of documents. NusaTrip submitted its responses to the SEC’s request on January 20, 2026.
Trading in NusaTrip’s securities on Nasdaq remains halted as of today’s date. NusaTrip continues to cooperate fully with SEC and Nasdaq to resolve any outstanding matters. NusaTrip will provide further updates as appropriate.
NusaTrip wishes to inform its shareholders and the investing public that its daily business operations remain normal and have not been materially affected by the ongoing trading suspension.
About Society Pass Incorporated.
Founded in 2018 as an e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (
Nasdaq: SOPA
) is a holding company operating in the digital media, travel, and lifestyle industries. Society Pass leverages technology to tailor a more personalized experience for customers in the purchase journey and to transform the entire retail value chain in SEA.
Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.
For more information on Society Pass, please visit:
Website at
https://www.thesocietypass.com
or
LinkedIn at
https://www.linkedin.com/company/societypass
or
Facebook at
https://www.facebook.com/thesocietypass
or
X at
https://twitter.com/society_pass
or
Instagram at
https://www.instagram.com/societypass/
.
About NusaTrip Incorporated.
Established in 2015 and headquartered in Jakarta, Indonesia, NusaTrip Incorporated (
Nasdaq: NUTR
) is an integrated travel technology platform with geographical specialization in SEA and APAC. NusaTrip’s marketing platform currently provides access to more than 500 airlines and 650,000 hotels worldwide. We are the first Indonesian-based online travel agent (OTA) in Indonesia to receive International Air Transport Association (IATA) accreditation. IATA gives OTA’s access to all airline fares and inventories.
NusaTrip completed an initial public offering in August 2025.
For more information, please visit:
Website at:
https://www.nusatrip.com
Investor relations at:
https://www.nusatripir.com
LinkedIn at:
https://www.linkedin.com/company/nusatrip
Facebook at:
https://www.facebook.com/NusaTripCom
X at:
https://x.com/nusatrip
Instagram at:
https://www.instagram.com/nusatrip/
Cautionary Note Concerning Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent the current expectations of Society Pass Incorporated and NusaTrip Incorporated regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including the trading price and volatility of common stock of Society Pass Incorporated and NusaTrip Incorporated and risks relating to the business of Society Pass Incorporated and NusaTrip Incorporated.
Media Contact:
Raynuald LIANG
Chief Executive Officer
[email protected]
