NusaTrip says ‘has not participated in any price manipulation activity’

NusaTrip (NUTR) said that, on October 15, the company responded to a request by The Nasdaq Stock Market for certain information and documents. That request, received by the Company on October 9, followed an order received by NusaTrip the previous day from the U.S. Securities and Exchange Commission suspending trading in NusaTrip’s securities for the period from 4:00 a.m. ET on October 9 through 11:59 p.m. ET on October 22. “The Commission informed NusaTrip that it took this action because of potential manipulation in the securities of NUTR effectuated through recommendations made to investors by unknown persons via social media to purchase the Company’s securities. These recommendations, said the SEC, appeared designed to artificially inflate the price and volume of the securities of NUTR. The SEC order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934. Since the time of NusaTrip’s above-stated response to Nasdaq made on October 15, 2025, the Company has not received any further inquiries from Nasdaq and has not provided NusaTrip with a specific timeline to resolve this matter. Since October 23, 2025, Nasdaq has continued to halt the trading of NusaTrip’s securities. The Company affirms that it has not participated in any price manipulation activity and that it will fully cooperate with both Nasdaq and the SEC. The investors should rely only on official PR channels and SEC filings for information on this matter,” the company stated.