Society Pass (SOPA) said Wednesday it concluded a public offering of 1.5 million common shares at a price of $2 per share.
The transaction generated $3 million in gross proceeds, the company said.
Socety Pass aims to use the proceeds from the offering for general corporate purposes, including capital spending and daily operating costs, it said.
Shares of the company were up by over 4% in recent Friday premarket activity.
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