DigiAsia Corp. Withdraws Nasdaq Delisting Appeal
| Field | Detail |
|---|---|
| Company | Digiasia Corp. |
| Form Type | 6-K |
| Filed Date | Sep 19, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, appeal-withdrawal, regulatory
TL;DR
DigiAsia Corp. is officially giving up its fight to stay on Nasdaq.
AI Summary
DigiAsia Corp. filed a Form 6-K on September 19, 2025, reporting its withdrawal from an appeal to delist from The Nasdaq Stock Market. The company received confirmation from Nasdaq on September 18, 2025, regarding its decision to cease its appeal process.
Why It Matters
This filing indicates DigiAsia Corp. is no longer contesting its delisting from Nasdaq, which could impact its stock liquidity and investor perception.
Risk Assessment
Risk Level: medium — Withdrawal of a delisting appeal suggests potential underlying issues with the company's compliance or financial health, increasing risk for investors.
Key Players & Entities
- DigiAsia Corp. (company) — Registrant
- The Nasdaq Stock Market LLC (company) — Exchange
- September 18, 2025 (date) — Date of Nasdaq confirmation
- September 19, 2025 (date) — Filing date
FAQ
What was the specific reason for Nasdaq's initial determination to delist DigiAsia Corp.?
The filing does not specify the exact reason for Nasdaq's initial determination to delist DigiAsia Corp., only that the company received a letter confirming Nasdaq's receipt of its formal withdrawal from the appeal.
When did DigiAsia Corp. formally withdraw its appeal?
The filing states that on September 18, 2025, DigiAsia Corp. received a letter from Nasdaq confirming Nasdaq's receipt of the Company's formal withdrawal from its appeal.
What is the significance of filing a Form 6-K?
A Form 6-K is a report of foreign private issuers pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, used to report material information that is made public or required to be made public in the issuer's home country.
What was DigiAsia Corp.'s former company name?
DigiAsia Corp.'s former company name was StoneBridge Acquisition Corp., with a date of name change on February 8, 2021.
Where is DigiAsia Corp. headquartered?
DigiAsia Corp. is headquartered at One Raffles Place #28-02, Singapore 048616.
Filing Stats: 459 words · 2 min read · ~2 pages · Grade level 14.8 · Accepted 2025-09-19 17:10:20
Filing Documents
- faas20250919_6k.htm (6-K) — 12KB
- 0001437749-25-029525.txt ( ) — 13KB
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. 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 19, 2025 Name: Prashant Gokarn Title: Chief Executive Officer 3