DigiAsia Corp. Announces Voluntary Delisting from Nasdaq to Protect Shareholder Value

DigiAsia Corp. has voluntarily announced its delisting from the Nasdaq Capital Market to unlock shareholder value. The company cited high listing-related costs, challenging capital raises, and a recent firm offer from PayMate, an Indian fintech company, as reasons for the decision. The initial capital from any future sale or merger will be used to pay off lenders and vendors, reducing costs and management time associated with being a public company. The delisting is expected to take effect on or about October 2, 2025.

Jakarta, Indonesia - DigiAsia Corp. (NASDAQ: FAAS) has announced its voluntary delisting from the Nasdaq Capital Market, with the last trading day expected around October 2, 2025. The decision comes after the Board determined they cannot meet Nasdaq's requirement to file Form 20-F by September 15, 2025.

The company has received a $400 million acquisition offer from Indian fintech company PayMate, comprising $25 million in cash and the remainder in share swap. The Board is reviewing strategic sales and merger opportunities with a thirty-day deadline, viewing the privatization move as necessary to protect shareholder value and reduce costs associated with public listing compliance.

DigiAsia's voluntary Nasdaq delisting amid a $400M acquisition offer from PayMate represents a strategic pivot to preserve shareholder value. The Board's decision appears driven by three key financial factors: 1) A significant portion of the company's cash is being consumed by listing-related costs; 2) The company faces challenges raising additional capital in public markets due to its current stock price; and 3) Any further capital raises might put additional downward pressure on the stock.

Most significantly, DigiAsia has received a $400 million acquisition offer from Indian fintech company PayMate, structured as $25 million in cash with the remainder as a share swap. The Board has tasked management with reviewing all strategic sales and merger opportunities within 30 days, concluding that going private represents the best path to protect shareholder value.

The company plans to prioritize repaying lenders and vendor obligations with initial capital from any sale or merger, which should provide a path to financial stability while eliminating the substantial costs associated with public company compliance. This strategic pivot appears to be a calculated move to preserve value when public market conditions aren't favorable for the company's growth trajectory.