Society Pass shares are trading higher after the company announced an equity line of up to $40 million to invest into operating subsidiaries projected to go public in 2024.
Portfolio Pulse from Benzinga Newsdesk
Society Pass (SOPA) has announced an equity line of up to $40 million to invest into its operating subsidiaries, which are projected to go public in 2024. This has led to a rise in SOPA's share prices.
October 12, 2023 | 3:06 pm
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Society Pass's announcement of a $40 million equity line for its subsidiaries has led to an increase in its share prices.
The announcement of a significant equity line indicates that Society Pass is investing heavily in its subsidiaries, which are projected to go public in 2024. This is likely to boost investor confidence in the company's growth prospects, leading to an increase in its share prices.
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