{"url_path":"/sec/sopa/8-k/2026-05-14/item-1-03","section_key":"item-1-03","section_title":"Item 1.03 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1817511/0001493152-26-023162-index.html","accession_number":"0001493152-26-023162","cik":"0001817511","ticker":"SOPAQ","issuer_name":"SOCIETY PASS INCORPORATED.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1817511/0001493152-26-023162-index.html","primary_entity_key":"0001817511","primary_entity_name":"SOCIETY PASS INCORPORATED."},"word_count":239,"has_tables":true,"body_markdown":"**Item\n1.03.**\n**Bankruptcy\nor Receivership.**\n\n \n\nOn\nMay 12, 2026 (the “Petition Date”), Society Pass Incorporated, a Nevada corporation (the “Company”)\nand SoPa, Inc., a wholly-owned subsidiary of the Company, and a Texas corporation (“SoPa”) (collectively, the\n“Debtors”), filed voluntary petitions (the “Chapter 11 Cases”) for relief under chapter 11 of title\n11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District\nof Texas (the “Bankruptcy Court”). The Company’s subsidiaries, including NusaTrip Incorporated and Thoughtful\nMedia Group Incorporated, are not debtors in the Chapter 11 Cases. The Bankruptcy Court has granted the Debtors’ motion to jointly\nadminister the Chapter 11 Cases under the caption *In re Society Pass Incorporated, et al*. The Debtors will continue to operate\ntheir businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable\nprovisions of the Bankruptcy Code and orders of the Bankruptcy Court. The Debtors have filed or will file a series of first day motions\nwith the Court that seek authorization to continue to conduct their business without interruption. These motions are designed primarily\nto minimize the effect of bankruptcy on the Debtors’ business.\n\n \n\nThe\nCompany expects ordinary-course operations to continue substantially uninterrupted during and after the commencement of the Chapter 11\nCases. Employees of any subsidiary of the Debtors should expect no change in their daily responsibilities and to be paid in the ordinary\ncourse of business."}