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Ascendiant Capital Markets: Society Pass Inc (Nasdaq: SOPA) 1Q 2025 Sees Growth Over the Next Year with 2 IPOs Providing Key Catalysts in 2025

NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- Ascendiant Capital Markets LLC (鈥�Ascendiant鈥�) publishes equity research coverage on (Nasdaq: SOPA) (鈥�SoPa鈥� or the 鈥�Company鈥�), Southeast Asia鈥檚 (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

(on Society Pass website) or (on Ascendiant website) to view the full Ascendiant Capital Markets Equity Research Report.

Summary Points:

• 2 IPOs Planned:听In October 2023, the company announced plans to spinoff two of its businesses in IPOs in 2024 (originally planned), its digital advertising ecosystem, Thoughtful Media Group Inc., and its online travel platform, NusaTrip Inc. Ascendiant believes that these IPOs will drive significant value to Society Pass鈥檚 shareholders and will be key catalysts for the company in 2025.
  
• Positive high risks versus high rewards:听Overall, concerns outweighed by growth prospects and valuation. Society Pass鈥檚 main products still has long commercialization challenges ahead, but Ascendiant believes the ~billion dollars market potential presents high rewards for the risks.
  
• Company trading at cash value:听The company鈥檚 market capitalization is only ~$7 million while it has ~$7 million in cash implying its shares and business are significantly undervalued.
  
• Valuation attractive:听Ascendiant maintains BUY rating, and raises 12-month price target to $15 from $14, based on a NPV analysis, representing significant upside from the current share price. Ascendiant believes this valuation appropriately balances out the company鈥檚 high risks with its high growth prospects and large upside opportunities.

About Society Pass Inc.
Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa鈥檚 data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 650,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates听, a Thailand-based, a social commerce-focused, premium digital video multi-platform network;听, a leading Indonesia-based Online Travel Agency; VLeisure, Vietnam鈥檚 leading provider of hotel management and payment solutions; , a Singapore-based, mobile network operator; , Vietnam鈥檚 leading lifestyle e-commerce platform;听Pushkart.ph, a popular grocery delivery company in Philippines; and NextGen Retail, a Indonesia-based e-commerce platform.

For more information on Society Pass, please visit:

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Cautionary Note Concerning Forward-Looking Statements
This press release may include 鈥渇orward-looking statements,鈥� within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as 鈥渁nticipate鈥�, 鈥渂elieve鈥�, 鈥渆stimate鈥�, 鈥渆xpect鈥�, 鈥渋ntend鈥� and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company鈥檚 management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company鈥檚 filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company鈥檚 registration statement and prospectus relating to the Company鈥檚 initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contact:
Raynauld Liang
Chief Executive Officer