Update Aug 3, 2016: Nasdaq says NusaTrip (NUTR) faces delisting on Aug. 12 unless it appeals
- Nasdaq notified NusaTrip that its securities will be delisted from the Nasdaq Stock Market on August 12, 2026 unless the company appeals to a Listing Qualifications Hearings Panel.
- NusaTrip shares will remain halted and unavailable for trading until any appeal is resolved.
- Nasdaq said it is using its authority under IM-5101-4 after the SEC's temporary trading suspension and Nasdaq's October 23, 2025 trading halt.
- If removed from Nasdaq, the securities may become eligible to trade in the over-the-counter market.
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NusaTrip Incorporated closed its initial public offering on August 18, 2025, raising $15 million by offering 3.75 million shares of common stock at a price of $4.00 per share. IPO Overview
- Listing Date: August 15, 2025 (Nasdaq Capital Market)
- Ticker Symbol: NUTR
- Shares Offered: 3,750,000
- Offer Price: $4.00 per share
- Gross Proceeds: $15 million (plus an additional $2.25 million via full exercise of the overallotment option)
- Sole Bookrunner: Cathay Securities
Company Details & Background
- Profile: Headquartered in Jakarta, Indonesia, NusaTrip is an online travel agent (OTA) specializing in the Southeast Asia and Asia-Pacific regions. It was the first Indonesian OTA to gain International Air Transport Association (IATA) accreditation.
- Parent/Controlling Shareholder: Spun out and controlled by Society Pass (SOPA).
- Use of Proceeds: Expansion into new markets, merger and acquisition initiatives, and general corporate working capital.
