# EDGAR Filing Document

**Accession Number:** 0001844981
**File Stem:** 0001437749-25-022299
**Filing Date:** 2025-7
**Character Count:** 13094
**Document Hash:** 21df5b71c5f267a2a69797d3775cd9c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-022299.hdr.sgml**: 20250708

**ACCESSION NUMBER**: 0001437749-25-022299

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250708

**DATE AS OF CHANGE**: 20250708

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DIGIASIA CORP.
- **CENTRAL INDEX KEY:** 0001844981
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40613
- **FILM NUMBER:** 251109520

**BUSINESS ADDRESS:**
- **STREET 1:** ONE RAFFLES PLACE #28-02
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 048616
- **BUSINESS PHONE:** 646-314-3555

**MAIL ADDRESS:**
- **STREET 1:** ONE RAFFLES PLACE #28-02
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 048616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** StoneBridge Acquisition Corp.
- **DATE OF NAME CHANGE:** 20210208

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549** 

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

For the month of **July 2025**

Commission File Number 001-40613

**DigiAsia Corp.**

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(Translation of registrant's name into English)

**One Raffles Place #28-02** 

**Singapore 048616**

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

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**INFORMATION CONTAINED IN THIS FORM 6-K REPORT**

**Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard**

On July 1, 2025, DigiAsia Corp. (the "**<u>Company</u>**") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("**<u>Nasdaq</u>**") notifying the Company that Nasdaq has determined to delist the Company's securities from The Nasdaq Capital Market (the "**<u>Delisting Determination Letter</u>**"). The determination was made as a result of the Company's failure to regain compliance with Nasdaq Listing Rule 5550(a)(2) (the "**<u>Minimum Bid Price Rule</u>**"), which requires listed securities to maintain a minimum bid price of $1.00 per share, and the Company's failure to comply with Nasdaq Listing Rule 5250(c)(1) (the "**<u>Filing Requirement</u>**"), which requires timely filing of periodic reports with the Securities and Exchange Commission.

As previously disclosed, on December 16, 2024, the Company was notified by Nasdaq that the bid price of its listed security had closed at less than $1.00 per share for 30 consecutive business days, and the Company was provided 180 calendar days, or until June 15, 2025, to regain compliance. The Company did not regain compliance with the Minimum Bid Price Rule within the prescribed period and is not eligible for a second 180-day compliance period. In addition, on May 19, 2025, Nasdaq notified the Company that it had not filed its Form 20-F for the period ended December 31, 2024, resulting in non-compliance with the Filing Requirement.

Unless the Company requests an appeal of this determination to a Nasdaq Hearings Panel by no later than 4:00 p.m. Eastern Time on July 8, 2025, trading of the Company's securities will be suspended at the opening of business on July 10, 2025, and Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on Nasdaq.

The Company may appeal Nasdaq's determination to a Hearings Panel pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. A hearing request will stay the suspension of the Company's securities and the filing of the Form 25-NSE pending the Hearings Panel's decision.

The Company intends to request a hearing with the Hearings Panel at which it will request a suspension of delisting pending its return to compliance.

On July 8, 2025, the Company issued a press release regarding the Delisting Determination Letter. A copy of the press release is furnished as Exhibit 99.1.

**<u>Forward-Looking Statements</u>**

This report contains certain forward-looking statements which reflect the Company's intent, beliefs or current expectations about the future and can be recognized by the use of words such as "expects," "will," "anticipate," or words of similar meaning. These forward-looking statements are not guarantees of any future performance and are necessarily estimates reflecting the best judgment of the senior management of the Company and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. As a consequence, these forward-looking statements should be considered in light of various important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements, which include, without limitation, the risk factors set forth in the Offer to Purchase. The Company cannot guarantee that any forward-looking statement will be realized, although it believes it has been prudent in its plans and assumptions. Achievement of future results is subject to risks, uncertainties and assumptions that may prove to be inaccurate. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. The Company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances or to reflect the occurrence of unanticipated events, except as required by applicable law.

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| | |
|:---|:---|
| **Exhibits No.**  | **Description** |
| 99.1 | [<u>Press Release of DigiAsia Corp. dated July 8,</u> <u>2025.</u>](ex_836646.htm) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | *DigiAsia Corp.*<br> (Registrant) | *DigiAsia Corp.*<br> (Registrant) |
| Date: July 8, 2025  | By:  | */s/ Prashant Gokarn* |
|  | Name:  | Prashant Gokarn  |
|  | Title:  | Co-Chief Executive Officer  |

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## Exhibit 99.1

**Exhibit 99.1**

**DigiAsia Corp. Announces Receipt of Nasdaq Delisting Letter for Failure to Maintain Minimum Bid Price Requirements and File Annual Report on Form 20-F**

NEW YORK, NY, July 8, 2025 – DigiAsia Corp. (NASDAQ: FAAS) ("**DigiAsia**" or the "**Company**"), a leading Fintech as a Service (FaaS) ecosystem provider, today announced that on July 1, 2025, the Company received a delisting determination letter (the "**Delisting Determination Letter**") notifying the Company that its securities are subject to delisting from the Nasdaq Capital Market.

The Delisting Determination Letter stated that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. As previously disclosed, the Company was provided 180 calendar days, until June 15, 2025, to regain compliance with the minimum bid price requirement. The Company did not regain compliance within this period and is not eligible for a second 180-day compliance period.

Additionally, the Delisting Determination Letter noted that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to its failure to timely file its Annual Report on Form 20-F for the period ended December 31, 2024. This filing deficiency serves as a separate and additional basis for delisting.

The Company may appeal the Staff's determination to a Nasdaq Hearings Panel (the "**Panel**") pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. Unless the Company requests an appeal of Nasdaq's determination by 4:00 p.m. Eastern Time on July 8, 2025, trading of the Company's securities will be suspended at the opening of business on July 10, 2025, and Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission to remove the Company's securities from listing and registration on the Nasdaq Capital Market.

The Delisting Determination Letter also noted that a request for a hearing regarding a delinquent filing will stay the suspension of the Company's securities only for a period of 15 days from the date of the request. When the Company requests a hearing, it may also request a stay of the suspension, pending the hearing. The request should include an explanation of why an extended stay is appropriate. The Panel will review the request for an extended stay and notify the Company of its conclusion as soon as is practicable, but in any event no later than 15 calendar days following the deadline to request the hearing.

On July 3, 2025, the Company requested a hearing before the Panel to appeal the delisting determinations. A hearing request would stay the suspension of the Company's securities and the filing of the Form 25-NSE pending the Panel's decision. There can be no assurance that the Panel will grant the Company's request for continued listing.

The Company has been proactively preparing for this situation and has already implemented a series of strategic initiatives aimed at addressing both the minimum bid price deficiency and annual report filing deficiency. In anticipation of these challenges, the Company has been evaluating and developing measures to increase its share price and has been diligently working to finalize and file its Annual Report on Form 20-F for the year ended December 31, 2024. DigiAsia's management remains confident in its ability to navigate this process and is fully committed to regaining compliance with all applicable Nasdaq listing requirements.

The Company will continue to monitor developments and will make further announcements as appropriate.

**About DigiAsia**

DigiAsia is a leading Fintech as a Service (FaaS) provider operating a B2B2X model offering its complete Fintech solution in emerging markets. DigiAsia's fintech architecture offers small and medium business enterprises (SMEs) comprehensive embedded finance APIs to streamline processes across the commerce value chain of distributors and customers. DigiAsia's embedded fintech solutions equally address democratizing digital finance access that supports financial inclusion of underbanked merchants and consumers in emerging markets resulting in growth for enterprise business. The suite of B2B2X solutions provided by DigiAsia include, but are not limited to, cashless payments, digital wallets, digital banking, remittances and banking licenses. DigiAsia has recently established a strategic initiative to develop its embedded FaaS enterprise solution with AI capabilities in Southeast Asia, India, and the Middle East, with plans for global expansion.

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For more information, please visit DigiAsia's Corporate website here or Investor Relations website here.

**Forward-Looking Statements:**

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "project", "targets", "optimistic", "confident that", "continue to", "predict", "intend", "aim", "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning DigiAsia and the Company's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. DigiAsia cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world including those discussed in DigiAsia's Form 20-F under the headings "Risk Factors", "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and DigiAsia specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

**DigiAsia Company Contact:**

Prashant Gokarn<br> Co-Chief Executive Officer<br> 646-480-0142

**Investor Contact:**

MZ North America<br> Email: FAAS@mzgroup.us