Society Pass (SOPA) Soars 182.61% on Capital Raise, TMG Social Launch Drives Rally

The share price rose to its highest level so far this month, with an intraday gain of 29.69% on Dec. 31. Society Pass (NASDAQ:SOPA) has surged 182.61% over three trading days, marking its most significant rally since late 2025. The stock’s volatility reflects a mix of capital-raising efforts, strategic pivots, and market speculation.

The company announced a $3 million public offering of 1.5 million shares at $2.00 each, set to close on Dec. 31. The “best efforts” structure, which does not guarantee full sales, has sparked debate over potential dilution risks.

Meanwhile, the launch of TMG Social—a live-commerce platform targeting Southeast Asia’s $90 billion social commerce market—has drawn investor attention. The platform, operating via TikTok Shop in Thailand, leverages a creator economy model to drive sales and high-margin advertising revenue, with management aiming for $10 million in 2026 revenue.

Society Pass’s broader strategy now includes acquiring AI-driven tech firms and investing in telecom infrastructure, signaling a shift from traditional digital media and travel services. These moves aim to diversify revenue streams and position the company in high-growth sectors. However, the $2.00 offering price, 32% below the recent intraday high, has raised concerns about short-term price pressure. Analysts note the stock’s sharp rally may test sustainability as it balances capital inflows with execution risks in new ventures. The offering’s success and TMG Social’s market traction will likely shape SOPA’s trajectory in the coming months.