DigiAsia Corp. - Ordinary Shares (FAAS)

As global markets respond to innovation in connectivity, finance, healthcare, and AI, four Nasdaq-listed companies are capturing investor attention through transformative initiatives, government alignment, and technology-driven strategies.

~ Enhancing Cross Border Payments ~

Valuing DigiAsia at US $400 Million

~ The Addition Strengthens the Delivery of Meaningful AI Fintech Solutions for its Enterprise Clients ~

NEW YORK, NY / ACCESSWIRE / August 15, 2024 / DigiAsia Corp. (FAAS) ("DigiAsia" or the "Company"), a leading Fintech as a Service ("FaaS") ecosystem provider, today announced that management will present virtually at the Investor Summit Microcap Forum on Tuesday, August 20, 2024. The Company will be available for 1-on-1 meetings throughout the day in addition to their presentation.

Collaboration Advances Financial Inclusion in Indonesia

Google India’s Country Head of Connectivity Joins DigiAsia to Guide the Development of AI Infrastructure

~ Company Moves into Operational Profitability

~ Prompt Extinguishment of Debt Following Recent Listing as a Public Company Prioritizes Financial Responsibility with a Healthy Capital Structure ~

DigiAsia (NASDAQ: FAAS), a leading Fintech as a Service (“FaaS”) ecosystem provider, has entered into a Securities Purchase Agreement (“SPA”) with a group of investors. According to the agreement, DigiAsia will sell certain Class A convertible promissory notes and Class B convertible promissory notes as well as warrants. The notes, which have a one-year maturity, total up to $8,863,528.24. Each warrant will be a five-year warrant for a number of ordinary shares equal to the principal amount of the Class A note issued to the applicable investor, multiplied by 60% and divided by 120% of the closing price of the ordinary shares on the trading day immediately preceding the issue of the applicable warrant. EF Hutton served as placement agent for the private placement.

~ Initial Access to 5,120 of NVIDIA’s Latest and Most Powerful GPUs ~

NEW YORK, June 21, 2024 (GLOBE NEWSWIRE) -- DigiAsia Corp. (NASDAQ: FAAS) (“DigiAsia” or the “Company”), a leading Finance as a Service (“FaaS”) ecosystem provider for the enterprise (across Southeast Asia) in Indonesia, today announced it has entered into a definitive Securities Purchase Agreement (“SPA”) with Helena Special Opportunities LLC, an affiliate of Helena Partners Inc. (“Helena”), pursuant to which the Company will receive in excess of $3 million in funding through the issuance of Senior Unsecured Convertible Notes (the “Notes”), convertible into Class A common shares of the Company. Additionally, the transaction includes $5.2 million of Class B Convertible Notes of existing debt inherited from the business combination with StoneBridge Acquisition Corporation which closed in April 2024.