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DigiAsia Corp. (FAAS) plans voluntary Nasdaq delisting amid strategic review

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

DigiAsia Corp. has decided to voluntarily remove its common stock and warrants from listing on the Nasdaq Capital Market. The board of directors approved this withdrawal on September 12, 2025, and the company notified Nasdaq of its intention to delist the same day.

The company references a broader strategic review, including the possibility of a sale, merger, or going private, and notes that any expected benefits from going private are forward-looking and subject to significant risks and uncertainties. Further details about the delisting are provided in a press release dated September 12, 2025, which is attached as an exhibit.

Positive

  • None.

Negative

  • Voluntary Nasdaq delisting: The board approved withdrawing DigiAsia’s common stock and warrants from the Nasdaq Capital Market, which may reduce liquidity and market visibility for shareholders.

Insights

DigiAsia plans to delist from Nasdaq, signaling a major shift in its public market strategy.

DigiAsia Corp. has approved a voluntary withdrawal of its common stock and warrants from the Nasdaq Capital Market, and has already informed Nasdaq of this intention. Delisting typically reduces trading visibility and liquidity for existing shareholders, and often shifts trading, if any, to less regulated venues.

The company ties this step to a broader strategic review that may include a potential sale, merger, or going private, and explicitly references anticipated benefits of going private as a forward-looking concept. The outcome for investors depends on how that review evolves and any transaction terms that may follow, which are not detailed here.

The press release dated September 12, 2025, filed as an exhibit, is identified as the main source for additional information. Subsequent company communications and filings would provide the concrete terms of any sale, merger, or going‑private transaction that might result from this strategic review.

 

 

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 12, 2025, the board of directors of DigiAsia Corp. (the “Company”) approved the voluntary withdrawal of the Company’s common stock and warrants from listing on the Nasdaq Capital Market as soon as practicable. The Company notified the Nasdaq Stock Market LLC of its intention to voluntarily delist its common stock and warrants on September 12, 2025.

 

Additional information regarding the delisting is contained in the Company’s press release dated September 12, 2025, a copy of which is filed as an exhibit to this report. 

 

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.

 

1

 

EXHIBIT INDEX

 

Number

 

Description of Document

99.1

 

Press Release

 

2

 

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 12, 2025

Name:

Prashant Gokarn

 

Title:

Chief Executive Officer

 

3

FAQ

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

DigiAsia Corp. disclosed that its board approved the voluntary withdrawal of its common stock and warrants from listing on the Nasdaq Capital Market and that it has notified Nasdaq of its intention to delist.

Which securities of DigiAsia Corp. (FAAS) are being voluntarily delisted?

The company plans to voluntarily delist its common stock and its warrants from the Nasdaq Capital Market.

When did DigiAsia Corp. decide to delist from Nasdaq?

On September 12, 2025, DigiAsia Corp.’s board of directors approved the voluntary withdrawal of its common stock and warrants from listing on the Nasdaq Capital Market and notified Nasdaq the same day.

Why is DigiAsia Corp. (FAAS) considering going private?

The company notes forward-looking statements about a strategic review that may include a potential sale, merger, and the anticipated benefits of going private, but it does not detail specific reasons or outcomes in this report.

Where can investors find more details on DigiAsia’s Nasdaq delisting?

Additional information is contained in DigiAsia Corp.’s press release dated September 12, 2025, which is filed as Exhibit 99.1 to this report.

Does this filing guarantee a sale, merger, or going-private transaction for DigiAsia (FAAS)?

No. The company describes a strategic review and mentions potential sale, merger, and going private only in forward-looking statements that are subject to risks and uncertainties, with no specific transaction announced here.
DigiAsia Corp

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