DIGIASIA CORP.: Nasdaq/NYSE listing notice — StoneBridge Acquisition receives Nasdaq deficiency notice for minimum public holders rule

DIGIASIA CORP.

Nasdaq notified StoneBridge on March 7, 2023, of non-compliance with Listing Rule 5550(a)(3) requiring at least 300 public holders.
Company has 45 days from notice date to submit a plan to regain compliance.
If plan accepted, Nasdaq may grant up to 180 calendar days extension to meet the rule.
Deficiency notice has no immediate effect on listing or trading of APACU, APAC, or APACW securities.
StoneBridge says it is monitoring holder count and evaluating options to achieve compliance.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

DIGIASIA CORP. received a nasdaq deficiency notice notice regarding other (rules 5550(a)(3)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5550(a)(3)

Exact text from the filing

March 7, 2023, StoneBridge Acquisition Corporation, a Cayman Islands exempted company, limited by shares (the “Company”) received a written notice (the “Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Listing Rule 5550(a)(3), which requires the Company to have at least 300 public holders for continued listing on the Nasdaq Capital Market (the “Minimum Public Holders Rule”). The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or

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Source: SEC EDGAR

accession 0001104659-23-031231

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