DigiAsia Corp. (FAASW) withdraws Nasdaq appeal and moves toward delisting

Rhea-AI Filing Summary

DigiAsia Corp. reports that it has formally withdrawn its appeal of Nasdaq’s prior decision to delist its securities from the Nasdaq Capital Market. The company’s board had already determined that voluntarily delisting from Nasdaq was in the best interests of the company and its shareholders.

The last day of trading for DigiAsia’s securities had been expected to be on or about October 2, 2025, but trading was suspended earlier, on September 19, 2025. The securities are still expected to be officially delisted from the Nasdaq Capital Market on or about October 2, 2025, and Nasdaq has acknowledged the withdrawal and will proceed with the delisting process under its rules. The company also notes that it is evaluating its operations and strategic options, including a potential sale, merger, or going-private transaction, and cautions that forward-looking statements are subject to significant risks and uncertainties.

Positive

• None.

Negative

• DigiAsia’s securities are expected to be delisted from the Nasdaq Capital Market on or about October 2, 2025, following trading suspension on September 19, 2025, which may materially reduce liquidity for investors.
• The company has withdrawn its appeal of Nasdaq’s delisting determination, removing a potential path to retain its Nasdaq listing.

Insights

Equity markets & listing specialist

DigiAsia is moving ahead with a Nasdaq delisting after dropping its appeal.

DigiAsia Corp. has withdrawn its appeal of Nasdaq’s determination to delist its securities, aligning with the board’s earlier decision that a voluntary delisting is in shareholders’ best interests. Trading was suspended on September 19, 2025, and the securities are expected to be officially delisted on or about October 2, 2025, meaning the stock will no longer trade on the Nasdaq Capital Market.

Loss of a Nasdaq listing typically reduces trading liquidity and may affect how easily investors can buy or sell shares. The company references a broader strategic review, including possible sale, merger, or going-private actions, but provides no specific transaction terms. Future company filings would be the place to look for any concrete deal announcements or details on post-delisting trading venues.

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 September 2025

Commission File Number 001-40613

DigiAsia Corp.

(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 ☐

EXPLANATORY NOTE

On September 18, 2025, DigiAsia Corp. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) confirming Nasdaq’s receipt of the Company’s formal withdrawal from its appeal of the previously announced determination by the Nasdaq Listings Qualifications Department to delist the Company’s securities from the Nasdaq Capital Market.

As previously disclosed on September 15, 2025, the Company’s Board of Directors determined that it was in the best interests of the Company and its shareholders to voluntarily delist the Company’s securities from Nasdaq. The Company's press release dated September 12, 2025, noted that the last day of trading for the Company's securities was expected to be on or about October 2, 2025. However, the trading of the Company’s securities has been suspended as of September 19, 2025. The Company’s securities are expected to be officially delisted from the Nasdaq Capital Market on or about October 2, 2025. In connection with this decision, the Company has formally withdrawn its appeal of the Nasdaq Listings Qualifications Department’s delisting determination. Nasdaq has acknowledged receipt of the Company’s withdrawal and will proceed with the delisting process in accordance with its rules and procedures.

Forward Looking Statements

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements include, but are not limited to, statements regarding the Company’s operations, financial performance, strategic review, potential sale or merger, and the anticipated benefits of going private.  Forward-looking statements are based on current expectations, beliefs, and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied.  Important factors that could cause actual results to differ include, but are not limited to, government and stock exchange regulations, competition, political, economic, and social conditions, and other risks described in the Company’s filings with the SEC.  The Company undertakes no obligation to update any forward-looking statements, except as required by law.

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SIGNATURE

The registrant hereby certifies that it meets all of the requirements for filing on Form 6-K and that it has duly caused and authorized the undersigned to sign this report on its behalf.

	DigiAsia Corp.
	By:	/s/ Prashant Gokarn
Date: September 19, 2025	Name:	Prashant Gokarn
	Title:	Chief Executive Officer

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FAQ

What did DigiAsia Corp. (FAASW) announce in this 6-K?

DigiAsia Corp. announced that it has formally withdrawn its appeal of Nasdaq’s prior decision to delist its securities, allowing Nasdaq to proceed with the delisting process in line with its rules.

When were DigiAsia Corp.’s securities suspended from trading on Nasdaq?

The trading of DigiAsia Corp.’s securities on the Nasdaq Capital Market was suspended as of September 19, 2025.

When are DigiAsia Corp.’s securities expected to be officially delisted from Nasdaq?

The company states that its securities are expected to be officially delisted from the Nasdaq Capital Market on or about October 2, 2025.

Why did DigiAsia Corp. decide to delist from Nasdaq?

DigiAsia’s Board of Directors previously determined that voluntarily delisting the company’s securities from Nasdaq was in the best interests of the company and its shareholders.

What is Nasdaq’s role after DigiAsia withdrew its appeal?

Nasdaq has acknowledged receiving DigiAsia’s withdrawal of its appeal and will proceed with the delisting process in accordance with its rules and procedures.

Does DigiAsia mention any strategic plans such as a sale or going private?

Yes. The report’s forward-looking statements reference a strategic review that may include a potential sale, merger, or going-private transaction, while emphasizing that outcomes are uncertain and subject to risks.