Growth Capital

Society Pass has successfully closed a $3 million public offering, pricing its shares at a premium. The capital raised will bolster working capital and fund general corporate purposes, including operational scaling and strategic initiatives in Southeast Asia’s digital market. This move underscores the company’s confidence in its growth prospects and its commitment to expanding its e-commerce ecosystem within the region.

A Raymond James survey of U.S. business owners reveals a strong intent for succession planning, with 88% planning to transition their stake within a decade. Many owners have high asset concentration in their businesses and anticipate needing growth capital, with private equity and bank loans being top funding considerations. While family succession is a common goal, a potential blind spot exists regarding human capital and next-generation leadership readiness.