Arena Investors group exits DigiAsia Corp (FAAS), reports 0% beneficial stake

Rhea-AI Filing Summary

DigiAsia Corp. received an amended ownership report from Arena Investors and related entities showing they now report beneficial ownership of 0 ordinary shares, or 0.0% of the class. The filing notes that, following DigiAsia’s Form 25 filed on September 22, 2025, the reporting group no longer owns more than 5% of the company’s ordinary shares.

The reporting persons also certify that the securities were not acquired or held for the purpose of changing or influencing control of DigiAsia, and that they are not participating in any transaction intended to influence control, other than potential activities solely related to director nomination rules.

Insights

Equity ownership and disclosure analyst

Arena’s DigiAsia stake has fallen below 5%, triggering an exit-style 13G/A update.

The amended Schedule 13G/A from Arena Investors and affiliated entities shows aggregate beneficial ownership of 0 shares, or 0.0% of DigiAsia’s ordinary shares. This indicates they no longer meet the 5% threshold that requires ongoing large-holder reporting.

The filing references DigiAsia’s Form 25 dated September 22, 2025 and states the group no longer beneficially owns more than 5%. For investors, this mainly updates the public record of institutional ownership rather than signaling a specific transaction structure, since no trade prices or dates are detailed in this excerpt.

The certification that the securities were not acquired or held to change or influence control, apart from potential director nomination activities under Rule 14a-11, frames Arena’s prior position as a passive or non-controlling stake. Subsequent company disclosures may provide additional context on the evolving shareholder base.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

DIGIASIA CORP.

(Name of Issuer)

Ordinary Shares, $0.0001 par value per share

(Title of Class of Securities)

G27617102

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G27617102

1

Names of Reporting Persons

Arena Investors, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. G27617102

1

Names of Reporting Persons

Arena Investors GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. G27617102

1

Names of Reporting Persons

Arena SPV Manager, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. G27617102

1

Names of Reporting Persons

Helena Special Opportunities, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DIGIASIA CORP.
(b)	Address of issuer's principal executive offices: ONE RAFFLES PLACE #28-02, ONE RAFFLES PLACE #28-02, SINGAPORE, SINGAPORE, 048616.
Item 2.
(a)	Name of person filing: This Schedule 13G is filed by the following (the "Reporting Persons"): (1) Arena Investors, LP (the "Adviser"); (2) Arena Investors GP, LLC (the "Adviser GP"); (3) Arena SPV Manager, LLC (the "Manager"); and (4) Helena Special Opportunities, LLC ("Helena"). Helena is a private investment vehicle. Helena directly beneficially owns the Ordinary Shares reported in this statement. The Manager is the manager of Helena. The Adviser is the sole member of the Manager. The Adviser GP is the general partner of the Adviser. The Adviser, the Adviser GP and the Manager may be deemed to beneficially own the Ordinary Shares directly beneficially owned by Helena. Each Reporting Person disclaims beneficial ownership with respect to any Ordinary Shares other than the Ordinary Shares directly beneficially owned by such Reporting Person.
(b)	Address or principal business office or, if none, residence: The principal business office of the Reporting Persons is 2500 Westchester Avenue, Suite 401, Purchase, New York 10577.
(c)	Citizenship: For citizenship or place of organization see Item 4 of the cover page of each Reporting Person.
(d)	Title of class of securities: Ordinary Shares, $0.0001 par value per share
(e)	CUSIP No.: G27617102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Aggregate - 0 shares; see also Item 9 on the cover page for each Reporting Person. Pursuant to Form 25, filed by DigiAsia on September 22, 2025, the Reporting Persons no longer beneficially owns more than 5%.
(b)	Percent of class: Aggregate - 0%; see also Item 11 on the cover page for each Reporting Person.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover page for each Reporting Person.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page for each Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page for each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page for each Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Arena Investors, LP

Signature:	Tsering Lama
Name/Title:	Authorized Signatory
Date:	02/13/2026

Arena Investors GP, LLC

Signature:	Tsering Lama
Name/Title:	Authorized Signatory
Date:	02/13/2026

Arena SPV Manager, LLC

Signature:	Tsering Lama
Name/Title:	Authorized Signatory
Date:	02/13/2026

Helena Special Opportunities, LLC

Signature:	Tsering Lama
Name/Title:	Authorized Signatory
Date:	02/13/2026

FAQ

What does Arena Investors’ amended 13G/A mean for DigiAsia Corp (FAAS)?

Arena Investors and its affiliates now report owning 0 DigiAsia ordinary shares, or 0.0% of the class. This amended 13G/A signals their beneficial ownership has fallen below the 5% reporting threshold, updating the picture of DigiAsia’s large institutional shareholders.

How many DigiAsia Corp (FAAS) shares do the reporting persons currently own?

The reporting group states an aggregate beneficial ownership of 0 DigiAsia ordinary shares. They also list 0.00 shares for sole and shared voting and dispositive power, resulting in a reported 0.0% ownership of DigiAsia’s outstanding ordinary shares in this filing.

Who are the reporting persons in this DigiAsia Corp (FAAS) Schedule 13G/A amendment?

The filing lists four reporting persons: Arena Investors, LP; Arena Investors GP, LLC; Arena SPV Manager, LLC; and Helena Special Opportunities, LLC. Helena directly held the DigiAsia ordinary shares, with the other entities linked as manager, adviser, and general partner relationships.

Why did Arena Investors file this amended Schedule 13G/A for DigiAsia Corp (FAAS)?

They filed the amendment because their beneficial ownership in DigiAsia dropped below 5% of the ordinary shares. The document notes that, following DigiAsia’s Form 25 filed September 22, 2025, the reporting persons no longer beneficially own more than 5% of the company’s shares.

Does Arena Investors still have control-related intentions regarding DigiAsia Corp (FAAS)?

The reporting persons certify the securities were not acquired and are not held to change or influence control of DigiAsia. They also state the holdings are not part of any control-related transaction, other than potential activities solely related to director nominations under applicable proxy rules.

What percentage of DigiAsia Corp (FAAS) does Helena Special Opportunities, LLC report owning?

Helena Special Opportunities, LLC, which previously directly held DigiAsia ordinary shares, now reports beneficial ownership of 0 shares. Its cover page shows 0.00 for voting and dispositive powers and an aggregate 0.0% of DigiAsia’s ordinary share class in this amendment.