DigiAsia Corp. Announces Voluntary Delisting from Nasdaq

09/12/2025 – 09:33 PM

Jakarta, Indonesia – DigiAsia Corp. (NASDAQ: FAAS), a Fintech-as-a-Service (FaaS) provider focusing on emerging markets, is set to voluntarily delist from the Nasdaq Capital Market. The company expects its last day of trading to be around October 2, 2025, following the filing of Form 25 with the Securities and Exchange Commission (SEC) on or about September 22, 2025. The delisting will take effect no earlier than ten days after the Form 25 filing.

This strategic decision follows the Board’s determination that it cannot meet the September 15, 2025, deadline for filing Form 20-F, a requirement for maintaining its Nasdaq listing that was conditionally approved on August 27, 2025. The inability to meet the deadline stems from escalating listing-related costs and challenges in raising additional capital due to the company’s current stock price, which could face further downward pressure with additional capital raises.

However, complicating the scenario is a $400 million acquisition offer from PayMate, an Indian fintech company. The proposed deal consists of $25 million in cash and the remainder in a share swap, a structure that raises questions about the real value and liquidity of the deal for current DigiAsia shareholders. The Board has given management 30 days to review strategic sales and merger alternatives to evaluate the PayMate offer.

The Board views the privatization as the best course of action to shield shareholders from potential market volatility and curtail the high expenses and significant management time investment associated with being a publicly traded entity. This move, according to the company, will give DigiAsia a structured approach to unlock substantial shareholder value. The initial capital derived from any sale or merger will be prioritized to settle existing obligations with lenders and vendors, setting a foundation for future financial stability.

The decision to delist and consider the PayMate offer comes at a time when many smallercap Fintech firms are facing increased scrutiny and rising regulatory costs. DigiAsia’s case highlights the ongoing debate as to whether the benefits of remaining public outweigh the costs for companies with a smaller market capitalization.

About DigiAsia Corp.

DigiAsia operates 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 support financial inclusion
of underbanked merchants and consumers in emerging markets. The suite of solutions includes, 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.

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.