Traders should expect a liquidity collapse and price dislocation when NusaTrip moves to the OTC market. The 78% voting stake in SOPA bankruptcy creates extreme uncertainty around control and potential restructuring. Any remaining holders should plan for a complete loss of Nasdaq-level trading liquidity by August 12.
Price Chart
Executive Summary
NusaTrip received a Nasdaq delisting notice on August 3, 2026, citing a prior SEC trading suspension, delinquent 10-K and 10-Q filings, and public interest concerns from its 78% owner Society Pass (SOPA) filing for Chapter 11 bankruptcy. The company will not appeal and intends to move to the OTC market, making suspension and OTC quotation imminent.
Key Facts
- Nasdaq provided a Staff Delisting Determination on August 3, 2026, citing SEC trading suspension (Oct 2025), delinquent 10-K (FYE Dec 31, 2025) and 10-Q (period ended Mar 31, 2026), and public interest concerns.
- Society Pass (SOPA), which controls 78% of NusaTrip's voting power, filed for Chapter 11 bankruptcy on May 14, 2026, making a supermajority of shares subject to unknown bankruptcy outcomes.
- NusaTrip will not appeal the delisting and intends to seek quotation on the OTC market.
- Trading on Nasdaq will be suspended at the open on August 12, 2026, unless an appeal is filed by August 10, 2026.
Financial Impact
Forced Nasdaq delisting and pending OTC move; 78% of voting control caught in SOPA bankruptcy. No specific dollar amounts disclosed in the filing.
Risk Factors
- Complete loss of Nasdaq listing and transition to OTC markets with reduced liquidity and institutional participation
- 78% of voting securities tied up in SOPA Chapter 11 proceedings, creating unresolved control uncertainty
- Delinquent SEC filings block compliance with continued listing rules, potentially triggering further regulatory actions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-036635 |
| Exhibit: ex99-1.htm | 0001493152-26-036635 |
| Document: 0001493152-26-036635-index-headers.html | 0001493152-26-036635 |
| Document: 0001493152-26-036635-index.html | 0001493152-26-036635 |
| Document: 0001493152-26-036635.txt | 0001493152-26-036635 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 7, 2026 8w ago | 8-K | $9.00 $9.00 | · 0.00% | ▼ −0.91% | $9.00 (0.00%) |
Jun 9, 2026 16w ago | 8-K | $9.00 $9.00 | · 0.00% | ▲ +1.39% | $9.00 (0.00%) |
May 13, 2026 20w ago | 8-K | $9.00 $9.00 | · 0.00% | ▲ +0.86% | $9.00 (0.00%) |
US Market Status
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