Company: APACU
Filing Date: 2025-09-09
Form Type: S-1/A
Source: 0001829126-25-007247
Chunk: 175

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-09-09
Form: S-1/A
Chunk 175
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 held an extraordinary
general meeting of its shareholders in connection with the business combination. In connection with the business combination, approximately
98.5% of the Prior SPAC’s Class A ordinary shares exercised their right to redeem such shares for a pro rata portion of the funds
in the Prior SPAC’s trust account. In connection the initial business combination with DigiAsia, the combined entity secured financing
in the form of notes totalling $8,863,528 ($5,227,028.24 of which came from Scieniti LLC, an affiliate of the Prior SPAC and also of
the Company). The business combination with DigiAsia was consummated on April 2, 2024. DigiAsia’s ordinary shares and warrants
are listed on the Nasdaq Capital Market under the symbols “FAAS” and “FAASW,” respectively. The last reported
sale price of DigiAsia’s ordinary shares on the Nasdaq Capital Market on September 8, 2025 was $0.23 per share. The last reported
sale price of DigiAsia’s warrants on the Nasdaq Capital Market on September 8, 2025 was $0.03 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,