Company: NUTR
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024295
Chunk: 15

Company: NUSATRIP Inc
Filing Date: 2025-08-15
Form: 424B3
Chunk 15
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 Ms. Maynard has or has had with Society Pass, its officers and directors and/or its majority owner Dennis Nguyen.

As of the date of this prospectus, Society Pass was the 92.9% owner of the Company. After the offering, after the conversion of the Convertible Notes into shares of Common Stock and assuming no exercise of the over-allotment option, Society Pass will continue to own 14,000,000 shares of Common Stock.

Prior to the consummation of this offering, the Company has been operating as a separate company from Society Pass with its own management and operations staff. The Company has, prior to the consummation of the IPO, relying on loans from Society Pass to fund its expansion and operation. The Company has not and will not pay any dividends to Society Pass or transfer any assets in connection with the separation of the two companies. After the IPO, the Company shall repay outstanding loans made by Society Pass in the aggregate amount of $1,041,594, $1,047,600 and $927,266, based on record as of March 31, 2025, December 31, 2024 and 2023, respectively.

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Our corporate structure after giving effect to this offering shall be as follows:

* “Other Stockholders” are comprised of the holders of Common Stock to be issued upon the conversion of the Convertible Notes, and the holders of Common Stock offered in this Offering.

The foregoing chart assumes no exercise by the underwriters of their over-allotment option. Of the “Other Stockholders,” the holders of Common Stock to be issued upon the conversion of the Convertible Notes would own an aggregate of 5.7%, and the holders of Common Stock offered in this Offering would own an aggregate of 19.9%, of the outstanding Common Stock.

The subsidiaries shown in the foregoing chart are currently owned by the Company, and the ownership of each such subsidiary shall not change upon or as a result of the consummation of this offering.

Our directors of the Company, Vincent Puccio and Michael Freed are also director of Society Pass. These overlapping relationships could present potential conflicts of interest. For more details, refer to “Risk Factors - We may have conflicts of interest with our Controlling Stockholder and, because of our Controlling Stockholder’s controlling ownership interest in our Company, we may not be able to resolve such conflicts on terms favorable to us.”

As of the date of this prospectus, the Company and Society Pass are not