Society Pass Incorporated saw its stock price decline 12.5% on Friday after its majority-owned subsidiary, NusaTrip Incorporated, released an update about regulatory inquiries tied to the trading status of NusaTrip securities on The Nasdaq Stock Market.
The NusaTrip update, filed on Form 8-K with the Securities and Exchange Commission on February 3, 2026, outlines a sequence of communications with Nasdaq and the SEC. It states that following NusaTrip's initial response on October 14, 2025 to an October 9, 2025 information request from Nasdaq, the exchange sought additional information through follow-up requests.
According to the filing, NusaTrip supplied written answers to those follow-up requests on November 17, 2025. The company reports it received a request from the SEC on December 22, 2025 for the voluntary production of documents, to which it provided responses on January 20, 2026.
As of the latest update, trading in NusaTrip's securities remains halted on Nasdaq. NusaTrip stated it is cooperating fully with both the SEC and Nasdaq to address any outstanding matters and indicated it will issue further updates as appropriate.
The filing also notes that NusaTrip's day-to-day business activities continue to operate normally and have not been materially affected by the trading suspension. Society Pass is described in the filing as a Southeast Asia e-commerce ecosystem, while NusaTrip is identified as an integrated travel technology platform operating in Southeast Asia and the broader Asia-Pacific region.
The market reaction to the regulatory disclosure was immediate for Society Pass, with the share price retreating in response to the ongoing suspension of its affiliate's securities. The regulatory timeline provided in NusaTrip's 8-K traces the exchange and SEC interactions through multiple written submissions but does not specify a timeline for lifting the trading halt.
Investors and market observers will likely monitor subsequent filings and statements from NusaTrip, Nasdaq and the SEC for indications of any change in the trading status. For now, the company emphasizes cooperation with regulators and asserts its operations remain uninterrupted.