UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement
On June 23, 2025, Society Pass Incorporated (the “Company”) entered into a Share Purchase Agreement (the “Share Purchase Agreement”) with an accredited investor (the “Purchaser”), pursuant to which the Company agreed to issue and sell an aggregate of 300,000 shares of its common stock, par value $0.0001 per share, at a purchase price of $1.00 per share for gross proceeds of $300,000. The offering was made in a private placement transaction exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Regulation D promulgated thereunder.
The Share Purchase Agreement contains customary representations, warranties, and covenants, including registration rights provisions obligating the Company to file a resale registration statement with the SEC covering the shares of common stock and shares issuable upon exercise of the Warrants.
The closing of the private placement is expected to occur on or about June 27, 2025, subject to the satisfaction of customary closing conditions.
Item 3.02 Unregistered Sales of Equity Securities
The disclosure contained in Item 1.01 above is incorporated herein by reference. The securities referenced therein were issued and sold in reliance upon exemptions from registration provided by Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D thereunder. Each Purchaser represented that they are an “accredited investor” and were acquiring the securities for investment purposes.
Exhibits
Exhibit No. | Description | |
10.1 | Share Purchase Agreement | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Society Pass Incorporated | ||
By: | /s/ Raynauld Liang | |
Name: | Raynauld Liang | |
Title: | Chief Executive Officer | |
Date: June 27, 2025 |
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