Singapore, September 19, 2022 — Society Pass Incorporated (Nasdaq: SOPA), a leading Southeast Asian data-driven e-commerce and loyalty platform, has filed Form 8-K/A with the U.S. Securities and Exchange Commission (SEC) to detail its acquisitions of AdActive Media CA, Inc. and Thoughtful Thailand Ltd. These acquisitions, completed in July 2022, mark SoPa’s expansion into new markets, enhancing its digital media and social commerce operations.

The newly acquired subsidiaries will be integrated into SoPa’s growing platform, which already operates in Thailand, Vietnam, the Philippines, and the U.S., with further expansion into Indonesia and Singapore planned by the end of 2022. The two subsidiaries recorded combined revenues of $1.31 million in Q1 2022, with operational losses of $84,582. SoPa aims to leverage these acquisitions to scale its ecosystem, which connects millions of consumers with hundreds of thousands of merchants.

Society Pass, founded in 2018, continues its acquisition-focused growth strategy across six verticals, including loyalty programs, digital media, travel, and food delivery services, with its proprietary Society Points loyalty platform set to launch in early 2023.