SOPA shares will be suspended from Nasdaq on May 21, 2026. The appeal process is unlikely to succeed given the Chapter 11 filing. Traders should expect OTC trading with minimal liquidity and further price erosion. Avoid holding through the suspension date.
Price Chart
Executive Summary
Society Pass (SOPA) filed Chapter 11 bankruptcy on May 12, 2026, and Nasdaq notified the company on May 14, 2026, that it will delist SOPA common stock due to the bankruptcy filing. Trading will be suspended at the open on May 21, 2026, and a Form 25-NSE will be filed to remove the stock from Nasdaq. The company intends to appeal the delisting determination, but the stock faces near-certain delisting and likely OTC trading.
Key Facts
- Company filed Chapter 11 bankruptcy on May 12, 2026
- Nasdaq notified SOPA on May 14, 2026 of delisting determination under Rules 5101, 5110(b), and IM-5101-1
- Trading suspended at the open on May 21, 2026
- Form 25-NSE to be filed to remove stock from Nasdaq listing and registration
- Company intends to appeal the delisting determination
- Market cap is approximately $2M
Financial Impact
Total equity value at risk — market cap is ~$2M. Delisting will eliminate Nasdaq listing, severely reduce liquidity, and likely push shares to OTC markets with minimal institutional ownership.
Risk Factors
- Delisting will eliminate Nasdaq listing and severely reduce liquidity
- Chapter 11 bankruptcy introduces risk of equity being extinguished in restructuring
- Appeal of delisting is unlikely to succeed given the bankruptcy filing
- Post-delisting OTC trading typically involves wide spreads and low volume
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-024495 |
| Document: 0001493152-26-024495-index-headers.html | 0001493152-26-024495 |
| Document: 0001493152-26-024495-index.html | 0001493152-26-024495 |
| Document: 0001493152-26-024495.txt | 0001493152-26-024495 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 20, 2026 19w ago | 8-K | $0.0760 $0.0333 | ▲ +56.18% | ▲ +57.18% | — |
May 14, 2026 20w ago | 8-K | $0.1701 $0.0544 | ▲ +68.02% | ▲ +70.14% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access