SOPA · Categories · M&A
SOPA - Mergers and acquisitions
Society Pass Incorporated (SOPA) mergers and acquisitions - real-time wire coverage filtered to M&A only.
Recent M&A for SOPA
- New to The Street Celebrates its 400th Episode with Exciting Corporate Interviews, Airing on The Newsmax Station Sunday, October 30, 2022, 10-11 AM ETNEW YORK, Oct. 28, 2022 (GLOBE NEWSWIRE) -- New to The Street celebrates its 400th episode with an impressive lineup of corporate executive interviews, airing on the Newsmax station Sunday, October 30, 2022, 10-11 AM ET. New to The Street's milestone episode #400 features the following nine corporate guest interviews: 1). Ecology Solutions- The Sustainable Green Team (OTC:SGTM) ($SGTM) and VRM BioLogik Group, a Corporate documentary. 2). Pet Health -PetVivo Holdings, Inc.'s (NASDAQ:PETV) (NASDAQ:PETVW) ($PETV) interview with John Lai, CEO & President. 3). Mining- Tocvan Ventures Corp.'s (OTC:TCVNF) (CSE:TOC) (FSE: TV3) ($TCVNF) in
- Society Pass (Nasdaq: SoPa) Marks First Foray Into Indonesia by Acquiring Jakarta-based NusaTrip, Indonesia's First International Air Transport Association-Accredited Online Travel AgencyJakarta, Indonesia, Aug. 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Society Pass Inc(NASDAQ:SOPA), Southeast Asia's ("SEA") next generation digital ecosystem, announces the acquisition of NusaTrip("NusaTrip"), a leading Jakarta-based Online Travel Agency ("OTA") in Indonesia and across SEA. The NusaTrip acquisition extends SoPa's business reach into the booming SEA regional travel industryand marks SoPa's first foray into Indonesia as well as adds to SoPa's growing ecosystem of technology-enabled companies located in Vietnam, Indonesia, Philippines, Singapore and Thailand. Established in 2013 as the first Indonesian OTA accredited by the International Air Transport Association, Nu
- Spartan Capital: Society Pass (Nasdaq: SOPA) – Revenue up 5,700% as Acquisitions Start Kicking inNew York, NY, Aug. 08, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Spartan Capital Securities LLC ("Spartan Capital") issues Equity Research Report on Society Pass Inc.(NASDAQ:SOPA) ("SoPa"). Click Here (on Society Pass website) to view the full Spartan Capital Equity Research Report. Summary Points:• Q2 revenue was $500k, versus less than $10k in the year-ago period as revenue from the flurry of acquisitions the company is engaged in starts to flow in. With several more acquisitions that have closed or are scheduled to close in Q3, so just with acquisitions, Spartan Capital sees revenue increasing significantly. • A year ago, SoPa's only operating business unit was #HOTTAB, and
- Society Pass Inc (Nasdaq: SOPA) Reports Stellar 2Q 2022 and 1H 2022 Financial Results, Recognises 5,669% Year on Year Revenue Growth from 2Q 2021 and 5,360% Year on Year Revenue Growth from 1H 2021Summary Points: • Second quarter 2022 unaudited revenues grew 5,669% year on year (from $7,783 for second quarter ended 30 June 2021 to $445,090 for second quarter ended 30 June 2022). • 1st half 2022 unaudited revenues grew 5,360% year on year (from $17,289 for 1st half ended 30 June 2021 to $944,152 for 1st half ended 30 June 2022). • With cash on hand of $28.0 million on 30 June 2022, SoPa is well capitalised for roll out of Society Pass loyalty platform and continuing acquisitions of Southeast Asia ("SEA") companies in lifestyle, food & beverage, digital media, and travel verticals for the rest of 2022. • Since inception, SoPa has onboarded 2.1 million registered consumers and over 6
- Society Pass (SoPa) Welcomes Mangan.ph, Philippines' Leading Restaurant Delivery Service, to Its Ever Expanding Next Generation Digital EcosystemSoPa acquires Mangan.ph ("Mangan"), the leading local restaurant delivery service in PhilippinesMangan.ph represents SoPa's second acquisition in Philippines and its third overall F&B acquisition as SoPa continues to expand its digital ecosystem throughout Southeast Asia ("SEA")SoPa creates a one-stop food delivery solution in Philippines with both its grocery delivery service, Pushkart, and restaurant delivery service, ManganSince its launch in December 2017, Mangan has onboarded over 500,000 registered consumers, over 80,000 social media followers, and over 1,200 registered restaurants as well as generating over 100,000 mobile app downloads onto its platform. Leveraging its +200 rider/
- Society Pass (SoPa) Marks First Foray Into Thailand by Acquiring Bangkok-Headquartered Thoughtful Media Group, Southeast Asia's Leading Digital Video Multi-Platform Network and Social Commerce PlatformSoPa acquires first company in Thailand and continues network expansion of its digital ecosystem throughout Southeast Asia ("SEA") Thoughtful Media's social commerce-focused Multi-Platform Network ("MPN") in Thailand, Vietnam, Philippines and the US amplifies SoPa's loyalty offering Thoughtful Media recorded revenues of US$5.8 million in 2021, forecasts significant revenue growth in 2022 and beyond Thoughtful Media's data-rich MPN has uploaded over 675,000 videos with over 80 billion video views since 2010, and the current network of 263 YouTube Channels has onboarded over 85 million subscribers SoPa sees significant cross-marketing and revenue generation synergies between Thoughtful Me
- Society Pass (SoPa) Acquires Singapore-based Gorilla Networks, a Next-Gen Blockchain/Web3 Mobile Virtual Network Operator to Drive SEA's Growing Demand for a New Meta-Economy ExperienceSociety Pass (SoPa) makes its first Singapore acquisition, Gorilla Networks, a leading next generation Blockchain/Web3 mobile virtual network operator ("MVNO"). Gorilla Networks is the first blockchain/Web3-enabled MVNO to offer contract-free, on-demand mobile service as non-fungible tokens ("NFTs"). Users convert unused mobile data into digital assets- Gorilla GO tokens With mobile data network coverage in over 160 countries, Gorilla Networks expects to dramatically increase its user base and expand throughout Southeast Asia with the rebound of the travel market in 2Q/3Q 2022 SoPa will incorporate Gorilla Networks' proprietary blockchain/Web3 technology onto the rest of SoPa ecosystem
- Argus Research: Society Pass (Nasdaq: SOPA) – Fair Value Represents Significant Upside from Current ValuationNEW YORK, NY, May 23, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Argus Research Co ("Argus") issues Equity Research Update on Society Pass Inc. (NASDAQ:SOPA). Click Here to view full Argus Research Equity Research Update. Summary: The company's recent market cap near $40 million is less than one-time Argus' 2022 year-end revenue run-rate forecast of $50 million, well below the average multiple of more than six for a basket of comparable e-commerce peers. In May 2022, Society Pass reported first-quarter 2022 revenues of $445,090, representing more than 4,600% growth over the prior-year period. As of March 31, 2022, Society Pass held nearly $31 million in cash on its balance sheet, with
- Maxim: Society Pass (Nasdaq: SOPA) - 1Q22 Results and Outlook; Positive on Opportunities in the SE Asia E-commerce MarketNew York, , May 19, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Maxim Group LLC ("Maxim") issues Equity Research Report on Society Pass Inc. (NASDAQ:SOPA). Click Here to view full Maxim Group LLC Equity Research Report. Summary: · 1Q22 results reported on May 17, 2022 with the company in the early stages of launching online services and adding new acquisitions.· Leflair, an online seller of luxury goods, was relaunched in September 2021 in Vietnam and was the main revenue contributor. Two acquisitions in grocery and delivery were announced in February 2022 as management looks to expand organic growth with M&A.· A loyalty rewards program will be launching this summer and has the po