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NusaTrip Incorporated Announces Pricing of $15 Million Initial Public Offering

Jakarta, Indonesia, Aug. 15, 2025 (GLOBE NEWSWIRE) -- NusaTrip Incorporated (NASDAQ:NUTR) ("NusaTrip" or the "Company"), a travel ecosystem with geographical specialization in Southeast Asia and Asia-Pacific, announced the pricing of its initial public offering of an aggregate 3,750,000 shares of Common Stock ("the Offering") at a price of $4.00 per share ("the Offering Price") to the public, for a total of $15.0 million of gross proceeds to the Company, before deducting underwriting discounts and offering expenses.

The Company has granted the underwriter a 45-day option to purchase up to an additional 562,500 shares of Common Stock to cover over-allotments, equal to 15% of the number of the Common Stock sold in the Offering, at the Offering Price less underwriting discounts.

The shares of Common Stock are expected to begin trading on the Nasdaq Capital Market on August 15, 2025, under the ticker symbol "NUTR." The Offering is expected to close on or about August 18, 2025, subject to customary closing conditions.

Cathay Securities, Inc. is acting as the sole underwriter for the Offering. Loeb & Loeb LLP is acting as U.S. legal counsel to the Company, and VCL Law LLP is acting as U.S. legal counsel to Cathay Securities, Inc.

"We are thrilled to launch NusaTrip as an independent public company," said Raynauld Liang, the CEO of Society Pass, the controlling shareholder of NusaTrip. "This IPO validates our proven business model of incubating fast growing technology companies in Southeast Asia and bringing them the required capital for robust expansion in the Asia Pacific region."

NusaTrip CEO, Tjin Patrick Soetanto added, "We look forward to utilizing these IPO funds to further establish and expand our unique business model, a one stop shop that finds the cheapest fares and rates for our customers by sourcing inventory from ...