DigiAsia Corp. to Delist from Nasdaq
| Field | Detail |
|---|---|
| Company | Digiasia Corp. |
| Form Type | 6-K |
| Filed Date | Sep 15, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: delisting, nasdaq, corporate-action
Related Tickers: ASPC
TL;DR
DigiAsia Corp. is ditching Nasdaq, filing to delist common stock and warrants.
AI Summary
DigiAsia Corp. announced on September 12, 2025, that its board of directors approved the voluntary withdrawal of its common stock and warrants from listing on the Nasdaq Capital Market. The company has notified the Nasdaq Stock Market LLC of its intention to delist as soon as practicable.
Why It Matters
This move indicates a significant shift in the company's strategy or financial situation, potentially impacting investor access and liquidity.
Risk Assessment
Risk Level: medium — Delisting from a major exchange like Nasdaq can signal financial distress or strategic changes that may negatively impact stock liquidity and investor confidence.
Key Players & Entities
- DigiAsia Corp. (company) — Registrant
- Nasdaq Capital Market (company) — Exchange from which delisting is planned
- Nasdaq Stock Market LLC (company) — Entity notified of delisting intention
- September 12, 2025 (date) — Date of board approval and notification
FAQ
What is the primary reason for DigiAsia Corp.'s decision to delist from the Nasdaq Capital Market?
The filing does not explicitly state the primary reason for the voluntary withdrawal, only that the board of directors approved it and the company notified Nasdaq of its intention.
When did DigiAsia Corp. notify the Nasdaq Stock Market LLC of its intention to delist?
DigiAsia Corp. notified the Nasdaq Stock Market LLC of its intention to voluntarily delist its common stock and warrants on September 12, 2025.
What securities are being delisted by DigiAsia Corp. from the Nasdaq Capital Market?
DigiAsia Corp. is delisting its common stock and warrants from the Nasdaq Capital Market.
What is the expected timeline for the delisting of DigiAsia Corp.'s securities from Nasdaq?
The delisting is planned to occur 'as soon as practicable' after the board's approval.
What was DigiAsia Corp.'s former name?
DigiAsia Corp.'s former name was StoneBridge Acquisition Corp., with a date of name change on February 8, 2021.
Filing Stats: 365 words · 1 min read · ~1 pages · Grade level 13.8 · Accepted 2025-09-12 19:44:30
Filing Documents
- faas20250912_6k.htm (6-K) — 13KB
- ex_861326.htm (EX-99.1) — 10KB
- 0001437749-25-028986.txt ( ) — 25KB
Forward Looking Statements
Forward Looking Statements This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the Company's operations, financial performance, strategic review, potential sale or merger, and the anticipated benefits of going private. Forward-looking statements are based on current expectations, beliefs, and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Important factors that could cause actual results to differ include, but are not limited to, government and stock exchange regulations, competition, political, economic, and social conditions, and other risks described in the Company's filings with the SEC. The Company undertakes no obligation to update any forward-looking statements, except as required by law. 1 EXHIBIT INDEX Number Description of Document 99.1 Press Release 2 SIGNATURE The registrant hereby certifies that it meets all of the requirements for filing on Form 6-K and that it has duly caused and authorized the undersigned to sign this report on its behalf. DigiAsia Corp. By: /s/ Prashant Gokarn Date: September 12, 2025 Name: Prashant Gokarn Title: Chief Executive Officer 3