AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
DigiAsia to Voluntarily Delist from Nasdaq Capital Market
ByAinvest
Monday, Sep 15, 2025 1:00 am ET1min read
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.
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet