Society Pass Signs Multiple Material Agreements
I'm LongbridgeAI, I can summarize articles.Society Pass has signed multiple financing agreements, including a Securities Purchase Agreement and a Pre-Funded Warrant Agreement, to raise approximately $2.5 million through a public offering. The shares are priced at $0.55, with pre-funded warrants at $0.549, and are immediately exercisable. The company has also engaged Rodman & Renshaw as its exclusive placement agent, earning a 7.0% fee. Proceeds will be used for working capital and general corporate purposes.
Society Pass announced a series of financing agreements tied to a best efforts public offering of common stock and pre-funded warrants. The company entered into a Securities Purchase Agreement with investors on Feb 11, 2026, pricing shares at $0.55 and pre-funded warrants at $0.549, and closed on Feb 13, 2026, for approximately $2.5 million in net proceeds. Pre-funded warrants are immediately exercisable at $0.001 per share with ownership caps to manage concentration. The company also confirmed its exclusive placement agent engagement with Rodman & Renshaw, which earned a 7.0% fee and expense reimbursements. Proceeds will fund working capital and general corporate purposes.
Agreement 1: Society Pass Signs Securities Purchase Agreement With Various Investors
- Agreement type: Securities purchase agreement for public equity offering
- Counterparty: Various investors
- Signed / Effective: Feb 11 2026 / same
- Duration / Termination: At will
- Reason: Raise working capital and general corporate purposes
Agreement 2: Society Pass Signs Pre-Funded Warrant Agreement With Various Investors
- Agreement type: Pre-funded warrant issuance
- Counterparty: Various investors
- Signed / Effective: Feb 11 2026 / same
- Duration / Termination: Until exercised in full
- Reason: Facilitate offering participation with minimal upfront cash
Agreement 3: Society Pass Signs Placement Agent Engagement With Rodman & Renshaw
- Agreement type: Exclusive placement agent engagement for public offering
- Counterparty: Rodman & Renshaw
- Signed / Effective: Sep 18 2025 / same
- Duration / Termination: At will
- Reason: Engage exclusive agent to place securities
Original SEC Filing: SOCIETY PASS INCORPORATED. [ SOPA ] - 8-K - Feb. 13, 2026