DigiAsia to Voluntarily Delist from Nasdaq Capital Market
PorAinvest
lunes, 15 de septiembre de 2025, 1:00 am ET1 min de lectura
FAAS--
The decision to delist comes after DigiAsia's board determined they would not be able to meet Nasdaq's requirement to file a Form 20-F by September 15, 2025. Additionally, the board found that a significant portion of the cash raised from lenders and operations is being used to cover listing-related costs. Furthermore, raising additional capital from public markets is currently challenging due to the stock price, and any further capital raises could place additional downward pressure on the stock price, thereby reducing shareholder value [2].
DigiAsia has received a $400 million acquisition offer from Indian fintech company PayMate, structured as $25 million in cash and 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 [2].
The initial capital from any future sale or merger will first be used to pay off the company's lenders and vendor obligations, providing a clear path to financial stability. This move will significantly reduce the high costs and management time associated with being a public company and complying with Nasdaq and SEC regulations. This strategic approach will allow the company to unlock substantial shareholder value in a structured manner [2].
DigiAsia's stock will continue to trade on the OTC Markets under the symbol "FAAS" after the delisting from Nasdaq.
DigiAsia has announced its intention to voluntarily delist its common stock and warrants from the Nasdaq Capital Market. The company intends to file a Form 25 with the SEC to initiate the delisting process. DigiAsia's stock will continue to trade on the OTC Markets under the symbol "FAAS".
DigiAsia (NASDAQ: FAAS) has formally announced its intention to voluntarily delist its common stock and warrants from the Nasdaq Capital Market. The company plans to file a Form 25 with the Securities and Exchange Commission (SEC) on or about September 22, 2025, to initiate the delisting process. The last trading day of DigiAsia's stock on the Nasdaq Capital Market is expected to be on or about October 2, 2025 [1].The decision to delist comes after DigiAsia's board determined they would not be able to meet Nasdaq's requirement to file a Form 20-F by September 15, 2025. Additionally, the board found that a significant portion of the cash raised from lenders and operations is being used to cover listing-related costs. Furthermore, raising additional capital from public markets is currently challenging due to the stock price, and any further capital raises could place additional downward pressure on the stock price, thereby reducing shareholder value [2].
DigiAsia has received a $400 million acquisition offer from Indian fintech company PayMate, structured as $25 million in cash and 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 [2].
The initial capital from any future sale or merger will first be used to pay off the company's lenders and vendor obligations, providing a clear path to financial stability. This move will significantly reduce the high costs and management time associated with being a public company and complying with Nasdaq and SEC regulations. This strategic approach will allow the company to unlock substantial shareholder value in a structured manner [2].
DigiAsia's stock will continue to trade on the OTC Markets under the symbol "FAAS" after the delisting from Nasdaq.
Divulgación editorial y transparencia de la IA: Ainvest News utiliza tecnología avanzada de Modelos de Lenguaje Largo (LLM) para sintetizar y analizar datos de mercado en tiempo real. Para garantizar los más altos estándares de integridad, cada artículo se somete a un riguroso proceso de verificación con participación humana.
Mientras la IA asiste en el procesamiento de datos y la redacción inicial, un miembro editorial profesional de Ainvest revisa, verifica y aprueba de forma independiente todo el contenido para garantizar su precisión y cumplimiento con los estándares editoriales de Ainvest Fintech Inc. Esta supervisión humana está diseñada para mitigar las alucinaciones de la IA y garantizar el contexto financiero.
Advertencia sobre inversiones: Este contenido se proporciona únicamente con fines informativos y no constituye asesoramiento profesional de inversión, legal o financiero. Los mercados conllevan riesgos inherentes. Se recomienda a los usuarios que realicen una investigación independiente o consulten a un asesor financiero certificado antes de tomar cualquier decisión. Ainvest Fintech Inc. se exime de toda responsabilidad por las acciones tomadas con base en esta información. ¿Encontró un error? Reportar un problema
Comentarios
Aún no hay comentarios