Company: NUTR
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001641172-25-009604
Chunk: 18

Company: NUSATRIP Inc
Filing Date: 2025-05-12
Form: S-1/A
Chunk 18
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, which the Super Voting Preferred Stock subsequently are held in the treasury. We will not be issuing any shares of the Super Voting Preferred Stock prior to the consummation of this offering. We may issue shares of the Super Voting Preferred Stock from time to time after we consummate this offering.

The following is a summary of the material terms of our Super Voting Preferred Stock.

Voting Rights.Each share of our Super Voting Preferred Stock entitles its holder to 1,000 votes per share and votes with our Common Stock as a single class on all matters to be voted or consented upon by the stockholders.

Other Rights.The holders of our Super Voting Preferred Stock are not entitled to any dividend rights. The holders of the Super Voting Preferred Stock are not entitled to any liquidation preference or subject to any redemption rights. The shares of our Super Voting Preferred Stock are not convertible into shares of our Common Stock, and are not subject to any sunset or other termination provisions.

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Convertible Notes

On October 18, 2024, the Company entered into three private placements of an aggregate of $1,600,002 principal amount of Convertible Notes, each subscription amount of a convertible note is US$533,334. Pursuant to the amendments to the securities purchase agreement for Convertible Notes dated November 13, 2024, entered by the Company and the investors, the Convertible Notes shall automatically convert into shares of our common stock upon the effectiveness of the registration statement at the conversion price of $1.50 per share. The Convertible Notes mature six months after issuance, on which date the full principal amount and interest thereon will be due and payable in full. The Convertible Notes were converted into an aggregate of 1,066,668 shares of Common Stock and issued to the investors, and the three private placements were completed on February 10, 2025.

Relationship With and Separation From Society Pass

On June 3, 2024, the Company authorized the issuance of up to an additional 7,999,000 shares of Common Stock, comprised of (i) 3,750,000 shares to be issued to the Underwriters upon the consummation of this offering (ii) up to an additional 562,500 shares to be issued to the Underwriters upon their over-allotment option, if and to the extent such option is exercised. On September 2, 2024, the Company issued 6,000,000 to Society Pass for an aggregate price of $