DIGIASIA CORP.: Nasdaq/NYSE listing notice — StoneBridge receives Nasdaq delisting notice for failure to meet 300 public holder rule

DIGIASIA CORP.

Nasdaq notified StoneBridge on Sept 7, 2023, that it failed to regain compliance with minimum 300 public holders requirement.
Trading of ordinary shares will be suspended at the opening on Sept 18, 2023, unless the company appeals.
StoneBridge intends to appeal to the Nasdaq Hearings Panel to stay the suspension and delisting.
Company had previously submitted a compliance plan in March 2023 tied to its pending business combination with DigiAsia Bios.
No assurance that StoneBridge will ultimately regain compliance or avoid delisting.

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 0.95

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

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

Exact text from the filing

September 7, 2023, the Company received written notice (the “ Delisting Letter ”) from Nasdaq stating that the Company has not regained compliance with Nasdaq Listing Rule 5550(a)(3) within the Compliance Period. According to the Delisting Letter, unless the Company requests an appeal of this determination, the Company’s securities will be delisted from The Nasdaq Capital Market, trading of the Company’s ordinary shares will be suspended at the opening of business on September 18, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission to remove the Company’s securiti

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

DIGIASIA CORP. received a nasdaq delisting notice notice regarding shareholders (rules 5550(a)(3)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: shareholders
Rules: 5550(a)(3)

Exact text from the filing

September 7, 2023, the Company received written notice (the “ Delisting Letter ”) from Nasdaq stating that the Company has not regained compliance with Nasdaq Listing Rule 5550(a)(3) within the Compliance Period. According to the Delisting Letter, unless the Company requests an appeal of this determination, the Company’s securities will be delisted from The Nasdaq Capital Market, trading of the Company’s ordinary shares will be suspended at the opening of business on September 18, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission to remove the Company’s securiti

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-23-100468

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