NusaTrip Incorporated Announces Waiver of Society Pass Lock-Up Agreement
MWN-AI** Summary
NusaTrip Incorporated (Nasdaq: NUTR), a prominent travel ecosystem operating in Southeast Asia and the Asia-Pacific region, announced on January 16, 2026, that Cathay Securities, Inc., its initial public offering (IPO) underwriter, has permitted an early release of the lock-up agreement for Society Pass Incorporated (Nasdaq: SOPA). This waiver marks a significant development following NusaTrip's IPO, which took place in August 2025, under which Society Pass had initially agreed not to sell any NusaTrip securities for six months.
Located in Jakarta, Indonesia, and founded in 2015, NusaTrip has positioned itself as a key player in the regional travel market, focusing heavily on mergers and acquisitions to drive growth. The company has successfully acquired travel agencies, including VLeisure and VIT in Vietnam, and is actively seeking further acquisition opportunities across various countries in the Asia-Pacific region, including the Philippines, Thailand, Singapore, and India. The strategic goal is to facilitate both inbound and outbound travel, connecting Southeast Asia with global destinations.
Being the first IATA-accredited online travel agent in Indonesia, NusaTrip enjoys direct access to airline fares and inventories, which significantly enhances its competitive edge. The company outlines its commitment to integrating and improving acquired businesses to foster overall expansion and efficiency.
In its press release, NusaTrip also issued a caution regarding forward-looking statements, highlighting the inherent risks and uncertainties associated with market conditions and its operational strategy. As the company continues to adapt to the evolving landscape of the travel industry, its focus on acquisitions remains crucial to capturing a larger market share in the region.
For more information, visit NusaTrip's website at: https://www.nusatrip.com/.
MWN-AI** Analysis
The recent announcement by NusaTrip Incorporated regarding the early waiver of the lock-up agreement for Society Pass Incorporated raises significant considerations for investors and stakeholders in the travel and technology sectors. This early release allows Society Pass to sell its shares prior to the typical six-month period post-initial public offering (IPO), which may affect the trading dynamics of NusaTrip’s stock.
From a market perspective, the implications of this waiver could be twofold. On one hand, it may stimulate increased liquidity in the market, potentially leading to short-term price volatility as Society Pass decides on its selling strategy. Investors should be cautious, as any significant sell-off could result in downward pressure on NusaTrip’s share price, especially in an already fluctuating market environment.
Conversely, the ability for Society Pass to liquidate shares sooner may be interpreted as a sign of confidence in NusaTrip's long-term valuation, showcasing the resilience and growth prospects of the Southeast Asian travel market. As NusaTrip continues its expansion through acquisitions and strategic partnerships, notably in key markets such as Vietnam, China, and India, this could bolster investor sentiment.
Moreover, NusaTrip’s position as the first IATA-accredited online travel agency in Indonesia reinforces its competitive edge. This accreditation opens avenues for exclusive fare access, positioning NusaTrip favorably against both regional and global competitors.
Investors should closely monitor any developments following Society Pass’s decision on the sell-off, while also evaluating NusaTrip’s growth strategies in an ever-evolving travel landscape post-pandemic. Overall, maintaining a cautious approach while keeping an eye on broader market trends and company-specific developments will be crucial for making informed investment decisions regarding NusaTrip Incorporated in 2026 and beyond.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Jakarta, Jan. 16, 2026 (GLOBE NEWSWIRE) -- NusaTrip Incorporated (Nasdaq: NUTR) (“NusaTrip,” “NUTR,” or the “Company”), a travel ecosystem with geographical specialization in Southeast Asia and Asia-Pacific, today announced that its initial public offering underwriter, Cathay Securities, Inc., has given its consent to grant an early release to Society Pass Incorporated (Nasdaq: SOPA) from its securities lock-up agreement associated with NusaTrip’s initial public offering.
NusaTrip consummated its initial public offering in August 2025, and pursuant to the underwriting agreement between NusaTrip Incorporated and Cathay Securities, Inc., Society Pass Incorporated agreed, subject to certain exceptions, not to offer, pledge, sell, contract to sell, grant, lend or otherwise transfer or dispose of, directly or indirectly, any NusaTrip securities for a period of six months from the date of commencement of sale of NusaTrip’s initial public offering. Cathay Securities has given its consent to grant an early release to Society Pass from this lock-up period, as of January 15th, 2026.
About NusaTrip Incorporated
Established in 2015 and headquartered in Jakarta, Indonesia, NusaTrip Incorporated is a travel ecosystem with geographical specialization in Southeast Asia (SEA) and Asia-Pacific (APAC). NusaTrip is an acquisitions-focused company. Mergers and acquisitions of offline travel agencies play a pivotal role in our growth strategy. We have demonstrated an ability to execute accretive and synergistic acquisitions as well as integrate and fundamentally improve our acquired businesses. We have completed acquisitions of VLeisure and VIT, both travel companies in Vietnam. We will continue to focus on the acquisition of other synergistic companies, and we are currently looking to acquire travel agencies operating in PRC, Hong Kong, Philippines, Thailand, Singapore, Malaysia, India, and UAE. We aim to bring travelers from the rest of the world to SEA and APAC (inbound travel) and bring travelers from SEA and APAC to the rest world (outbound travel).
We are the first Indonesian-based online travel agent (OTA) in Indonesia to receive International Air Transport Association (IATA) accreditation. IATA gives OTA’s access to all airline fares and inventories. For being the first IATA-accredited OTA in Indonesia, we have first-hand fares from both full-service and low-cost carriers.
Please visit the Company’s website at: https://www.nusatrip.com/.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent NusaTrip Incorporated’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including the trading price and volatility of NusaTrip Incorporated’s common stock and risks relating to NusaTrip Incorporated’s business and the satisfaction of closing conditions in the underwriting agreement related to the offering.
Contact Information:
NusaTrip Incorporated
Anson Neo
Chief Executive Officer
anson.neo@nusatrip.com
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835 x2
Email: info@skylineccg.com
FAQ**
How does NusaTrip Incorporated (NUTR) plan to leverage its first-mover advantage as the first IATA-accredited OTA in Indonesia to capture market share in the competitive travel sector of Southeast Asia and Asia-Pacific regions?
What specific synergistic companies is NusaTrip Incorporated (NUTR) currently targeting for acquisition in the Asia-Pacific region to enhance its growth strategy and expand its travel ecosystem?
With Society Pass Incorporated (SOPA) granted an early release from its securities lock-up agreement, how does NusaTrip Incorporated (NUTR) anticipate this will impact its stock performance and investor perception moving forward?
What are the potential risks and uncertainties related to market conditions that could affect NusaTrip Incorporated’s (NUTR) growth trajectory and operational strategy in the context of its competitive acquisitions plan?
**MWN-AI FAQ is based on asking OpenAI questions about Nutraceutical International Corporation (NASDAQ: NUTR).
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