SOCIETY PASS INCORPORATED. (SOPA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: January 21, 2026

Risk Assessment Details

Potential Dilution: 22.49% of current shares
Recent Dilution: 73.79% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
6.1M
Potential Supply
1.4M
Additional shares possible
Splits
None
Past 2 years

Summary

SOPA currently has 6.11M outstanding shares. with moderate dilution risk from 1.37M authorized shares representing 22.5% potential dilution. The company has significantly diluted shareholders by 73.79% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jan 21, 2026

8-K filing: Society Pass Incorporated entered into subscription agreements with Gorilla Networks Pte Ltd and Sapience AI Incorporated to purchase shares of their common stock, partially funded by shares of NusaTrip Incorporated. ($10.7M proceeds)

6.1M 1.4M
Nov 14, 2025

10-Q filing | 6.1M shares outstanding

6.1M 1.4M
Aug 22, 2025

S-1/A filing: This prospectus relates to the offer and sale from time to time by Selling Stockholder of up to 570,452 shares of common stock.

5.3M 1.4M
Aug 13, 2025

10-Q filing | 5.3M shares outstanding

5.3M 1.4M
Aug 12, 2025

S-1/A filing: Society Pass Incorporated is registering 570,452 shares of its Common Stock, $0.0001 par value per share, on a registration statement on Form S-1 (File No. 333-289033).

5M 1.4M
Jun 27, 2025

8-K filing: Society Pass Incorporated entered into a Share Purchase Agreement to issue and sell 300,000 shares of its common stock at $1.00 per share for gross proceeds of $300,000 in a private placement. ($0.3M proceeds)

5M 800K
May 20, 2025

10-Q filing | 5.0M shares outstanding

5M 800K
Apr 16, 2025

10-K filing | 5.0M shares outstanding

5M 800K
Nov 15, 2024

10-Q filing | 3.6M shares outstanding

3.6M 800K
Aug 19, 2024

10-Q filing | 3.2M shares outstanding

3.2M 800K
May 15, 2024

10-Q filing | 2.6M shares outstanding

2.6M 800K
May 01, 2024
Stock Split

8-K filing: Stock split 1-for-15 | Outstanding: 37,762,362 → 2,517,490

2.5M 800K
Apr 15, 2024

10-K filing | 37.8M shares outstanding

38M 12M
Nov 14, 2023

10-Q filing | 32.9M shares outstanding

33M 12M
Oct 06, 2023

8-K filing: Society Pass Incorporated entered into a structured financing agreement with Strattners FZCO to sell up to $40,000,000 shares of common stock and issued 500,000 commitment shares.

28M 12M
Sep 08, 2023

8-K filing: Society Pass Incorporated entered into consulting agreements with two consultants, agreeing to pay each consultant 500,000 shares of common stock per month for a three-month consulting period.

28M 12M
Aug 10, 2023

10-Q filing | 28.2M shares outstanding

28M 12M
May 11, 2023

10-Q filing | 27.1M shares outstanding

27M 12M
Apr 17, 2023

S-3/A filing: This S-3/A filing details outstanding warrants exercisable for common stock, warrants issued to underwriters, stock options, and shares granted under an equity incentive plan.

24M 12M
Mar 31, 2023

S-3 filing: This filing discusses outstanding warrants, options, and shares issued to board members, executives, and under an equity incentive plan.

24M 12M
Mar 23, 2023

10-K filing | 24.4M shares outstanding

24M 4.8M
Nov 14, 2022

10-Q filing | 25.3M shares outstanding

25M 4.8M
Aug 17, 2022

10-Q filing | 24.3M shares outstanding

24M 4.8M
May 17, 2022

10-Q filing | 21.9M shares outstanding

22M 4.8M
Mar 30, 2022

10-K filing | 23.5M shares outstanding

24M 4.8M
Feb 14, 2022

8-K filing: Society Pass Incorporated entered into an underwriting agreement with Maxim Group LLC related to the offering of 3,030,300 shares of the Company's common stock and warrants to purchase up to 3,030,300 shares of common stock of the Company, with the closing of the offering occurring on February 11, 2022, and the Underwriter exercised their over-allotment option of 454,545. ($11.5M proceeds)

20M 4.8M
Feb 08, 2022

S-1/A filing: This is an S-1/A filing for Society Pass Incorporated. The document provides information about the company, including risk factors, use of proceeds, market data, and capitalization.

20M 4.8M
Jan 28, 2022

S-1/A filing: Society Pass Incorporated is offering 4,484,305 shares of common stock and warrants to purchase 4,484,305 shares of common stock at an aggregate assumed offering price of $4.46 per share of common stock and Warrant, and this prospectus also relates to the resale of up to 1,730,400 shares of our common stock that may be sold from time to time by the selling stockholders.

20M 7.4M
Jan 14, 2022

S-1 filing: Society Pass Incorporated is filing an S-1 to offer 2,587,322 shares of common stock and warrants to purchase 2,587,322 shares of common stock at an assumed offering price of $7.73 per share and warrant. The prospectus also relates to the resale of up to 1,570,400 shares of common stock by selling stockholders.

20M 7M
Dec 09, 2021

10-Q filing | 19.2M shares outstanding

19M 2.9M
Nov 12, 2021

8-K filing: Society Pass Incorporated entered into an underwriting agreement with Maxim Group LLC for the offering of 2,888,889 shares of common stock at $9.00 per share, with an option for underwriters to purchase an additional 433,334 shares, and completed the sale of the Firm Shares and 236,111 Option Shares on November 12, 2021, resulting in gross proceeds of $26,000,001 and $2,124,999, respectively. ($28.13M proceeds)

9.7M 2.9M
Oct 25, 2021

S-1/A filing: This S-1/A filing is for an initial public offering of common stock.

9.7M 2.9M
Oct 13, 2021

S-1/A filing: Society Pass Incorporated is conducting an initial public offering of 2,888,889 shares of its common stock, with an assumed public offering price of $9.00 per share (midpoint of the $8.00 to $10.00 range).

12M 2.9M
Oct 04, 2021

S-1/A filing: Society Pass Incorporated is offering 2,888,889 shares of common stock in an initial public offering, with an assumed price of $9.00 per share.

12M 2.9M
Sep 27, 2021

S-1/A filing: This is an initial public offering of 2,888,889 shares of common stock of Society Pass Incorporated with an assumed price of $9.00 per share.

12M 2.9M
Aug 31, 2021

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock by Society Pass Incorporated. The company intends to list its common stock on the Nasdaq Capital Market under the symbol "SOPA".

19M 10M
Jul 21, 2021

S-1/A filing: The filing relates to an S-1/A form with information about shares of common stock issuable upon the exercise of the underwriters' warrants, shares of common stock that are issuable upon conversion of the Series C-1 Preferred Stock, and shares of common stock that will be issued upon the automatic conversion of the Series A Preferred Stock and other Preferred Stock.

19M 10M
Jul 20, 2021

S-1 filing: This is an S-1 filing for an initial public offering of common stock by Society Pass Incorporated.

19M 0
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime