Company: APACU
Filing Date: 2025-08-01
Form Type: S-1/A
Source: 0001829126-25-005702
Chunk: 181

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-08-01
Form: S-1/A
Chunk 181
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 shares on the Nasdaq Capital Market on July 31, 2025 was $0.39 per share. The last reported sale price of DigiAsia’s warrants on the Nasdaq Capital Market on July 31, 2025 was $0.04 per share.

On March 18, 2025 DigiAsia received a notice of non-compliance from the Nasdaq Stock Market LLC stating that, as a result of not having timely filed its interim report on Form 6-K for the six months ended June 30, 2024, DigiAsia was not in compliance with Nasdaq Listing Rule 5250(c)(2), which requires each foreign private issuer to submit on a Form 6-K an interim balance sheet and income statement as of the end of its second quarter to the SEC. Under Nasdaq’s listing rules, DigiAsia had 60 calendar days to submit a plan to regain compliance. DigiAsia was granted an automatic extension until June 30, 2025 to file its delinquent 6-K interim financials for the period ended June 30, 2024. On June 13, 2025, DigiAsia filed its interim report on Form 6-K for the six months ended June 30, 2024.

On April 22, 2025, DigiAsia received a letter from the Nasdaq Stock Market LLC notifying DigiAsia that based on the Market Value of Listed Securities of DigiAsia for the period from March 10, 2025 to April 21, 2025, DigiAsia no longer met the Nasdaq continued listing requirement under Nasdaq Listing Rule 5550(b)(2), to maintain a minimum Market Value of Listed Securities of $35 million. Nasdaq provided DigiAsia with 180 calendar days, or until October 20, 2025, to regain compliance with the Nasdaq continued listing requirement. In the event that DigiAsia does not regain compliance by such date, Nasdaq will provide notice that DigiAsia’s securities will be subject to delisting. In that event, DigiAsia may appeal such determination to a hearing panel.

On May 16, 2025, DigiAsia received a letter from the Nasdaq Stock Market LLC notifying DigiAsia that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) due to its failure to file its Annual Report on Form 20-F for the period ended December 31, 2024. As