Society Pass Incorporated, a leading e-commerce ecosystem in Southeast Asia, has announced the pricing of a public offering of 1,500,000 shares of its common stock at $2.00 per share.
The offering is expected to generate $3 million in gross proceeds for the company before deducting expenses.
The offering is set to close on December 31, 2025, subject to customary closing conditions.
Offering Details
1,500,000 shares priced at $2.00 per share, aiming to raise $3 million in gross proceeds.
Use of Proceeds
Intends to utilize the net proceeds for working capital, operating expenses, and capital expenditures.
Exclusive Placement Agent
Rodman & Renshaw LLC is acting as the exclusive placement agent for the offering.
- The offering will provide Society Pass with additional capital for operational activities and strategic investments in its e-commerce ecosystem.
- This public offering signals the company's commitment to expanding its market presence and enhancing its technology-driven retail value chain in Southeast Asia.
Society Pass Incorporated's successful pricing of the public offering reflects investor confidence in the company's growth prospects and strategic initiatives in the Southeast Asian e-commerce landscape.