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DigiAsia Corp. Announces Voluntary Nasdaq Delisting in Strategic Response to Unlock Shareholder Value
Newsfile· 2025-09-13 01:33
Core Viewpoint - DigiAsia Corp. has announced its intention to voluntarily delist from the Nasdaq Stock Market as a strategic move to unlock shareholder value, with the delisting expected to take effect around October 2, 2025 [1][4]. Group 1: Delisting and Financial Strategy - The company will file a Form 25 with the SEC on or about September 22, 2025, to initiate the delisting process [1]. - The Board of Directors determined that the conditions to meet the September 15, 2025, deadline for filing a Form 20-F will not be met, primarily due to high listing-related costs and challenges in raising additional capital from public markets [2]. - The initial capital from any future sale or merger will be used to pay off lenders and vendor obligations, aiming for financial stability [5]. Group 2: Offer and Strategic Review - DigiAsia's Board received a firm offer from Indian fintech company PayMate, valuing DigiAsia at $400 million, which includes a $25 million cash component and a share swap [3]. - The Board has tasked management to review all strategic sales and merger opportunities within a thirty-day timeframe [3]. Group 3: Company Overview - DigiAsia is a leading Fintech as a Service (FaaS) provider operating a B2B2X model, offering comprehensive embedded finance solutions to small and medium enterprises (SMEs) in emerging markets [6]. - The company’s fintech architecture aims to democratize digital finance access, supporting financial inclusion for underbanked merchants and consumers [6][7]. - DigiAsia is developing its embedded FaaS enterprise solution with AI capabilities, focusing on Southeast Asia, India, and the Middle East, with plans for global expansion [7].
DigiAsia Corp (FAAS) Reports Strong First Half 2024 Financial Results, Achieves 45% Revenue Growth vs First Half of 2023
Newsfile· 2025-06-13 12:00
Core Insights - DigiAsia Corp reported a 45% increase in revenue for the first half of 2024, reaching over $51 million compared to $35.3 million in the same period of 2023, indicating strong operational leverage and demand for its services [2][6] - The company's net loss improved by 59%, reducing to approximately $1.48 million from $3.68 million in the first half of 2023, reflecting effective execution and growing enterprise demand for its API-driven platform [2][6][7] Financial Highlights - Revenue for the first half of 2024 was $51,110,222, up 45% from $35,321,776 in the first half of 2023 [6] - Net loss was reduced to -$1,478,828, improving 59% from -$3,675,431 in the first half of 2023 [6] Business Strategy and Future Outlook - DigiAsia is planning to establish a corporate Bitcoin treasury to strengthen its balance sheet and align with its digital-first asset strategy, reflecting a commitment to blockchain-based financial infrastructure [3] - The company aims to expand its AI-powered Fintech-as-a-Service solutions across Southeast Asia, India, and the Middle East, enhancing financial inclusion through its embedded finance APIs [4]
DigiAsia Launches $100 Million Bitcoin Treasury Initiative and Begins Shortlisting Investment Banks for Capital Raise
Newsfile· 2025-05-27 12:08
Group 1 - DigiAsia Corp is launching a $100 million Bitcoin treasury initiative to enhance its Bitcoin reserves and strengthen its position in digital asset management [1][2] - The company is in the process of shortlisting investment banks to assist in the capital raise, with a lead bank expected to be appointed soon [1][2] - This initiative is part of a broader strategy to accelerate institutional Bitcoin acquisition and is one of the largest corporate crypto treasury efforts announced in 2025 [2][3] Group 2 - DigiAsia plans to begin initial Bitcoin purchases in Q3 2025 and will provide updates on the capital raise and acquisition milestones in the near future [3] - The selected investment bank will help structure a multi-channel capital raise, including equity-linked offerings and convertible note structures for institutional investors [5] - The initiative aims to create shareholder value through Bitcoin capital appreciation and regulated yield generation [2][5] Group 3 - DigiAsia operates as a fintech-as-a-service provider, focusing on emerging markets and offering APIs for SMEs to integrate financial services [4] - The company is expanding AI-driven financial solutions across Southeast Asia, India, and the Middle East [4]