NusaTrip Receives Nasdaq Staff Determination To Delist Shares

NusaTrip Incorporated (NASDAQ: NUTR ) (the "Company" or "NusaTrip"), a travel ecosystem with geographical specialization in Southeast Asia and Asia-Pacific, today announced that on August 3, 2026, the Company received a Staff Delisting Determination (the "Staff Determination") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that Nasdaq has determined to delist the Company’s securities pursuant to its discretionary authority contained in Nasdaq Listing Rule IM-5101-4.

In addition, Nasdaq asserts that the Company’s delay in filing Form 10-K for the fiscal year ended September 30, 2025 and Form 10-Q for the period ended March 31, 2026, serves as an independent basis for delisting under Listing Rule 5250(c)(1).

Society Pass Incorporated ("SOPA") controls 78% of the voting power of the Company’s outstanding voting securities.

On May 14, 2026, SOPA disclosed that it, together with its subsidiary SoPa, Inc., had filed for Chapter 11 bankruptcy protection ("SOPA Bankruptcy").

As a result of the SOPA Bankruptcy, 78% of the Company’s outstanding voting securities is subject to the bankruptcy process, the timing and outcome of which remain unknown.

This uncertainty raises public interest concerns making the continued listing of the Company’s securities inadvisable and supports Nasdaq’s determination to exercise its authority under Listing Rule 5101 to delist the Company from Nasdaq.

As a result, this serves as an additional and separate basis for delisting the Company from Nasdaq.