DelistingAug 7, 2026, 05:03 PM
Nusatrip Receives Nasdaq Delisting Notice
AI Summary
Nusatrip Incorporated announced it received a delisting notice from Nasdaq on August 3, 2026. The delisting is due to an SEC trading suspension in October 2025, the company's failure to file its 2025 Annual Report on Form 10-K and Q1 2026 Quarterly Report on Form 10-Q, and public interest concerns related to its parent company, Society Pass, filing for Chapter 11 bankruptcy. Nusatrip does not intend to appeal the decision and plans to seek quotation on the Over-the-counter Market.
Key Highlights
- Nusatrip received a delisting notice from Nasdaq on August 3, 2026.
- Reasons include an SEC trading suspension in October 2025 and failure to file 2025 10-K and Q1 2026 10-Q.
- Parent company Society Pass (SOPA), which controls 78% of Nusatrip's voting power, filed for Chapter 11 bankruptcy.
- Nasdaq cited public interest concerns due to SOPA's bankruptcy as an additional delisting basis.
- Trading of Nusatrip's securities will be suspended on Nasdaq on August 12, 2026, if no appeal is filed.
- The company does not intend to appeal Nasdaq's determination.
- Nusatrip plans to seek quotation of its common stock on the Over-the-counter Market.
Price Impact
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