secwatch.observer — SEC 8-K summary
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Issuer:     DIGIASIA CORP. (—)
CIK:        0001844981
Form:       8-K
Filed at:   2023-09-13T23:59:59+00:00
Accession:  0001104659-23-100468
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

StoneBridge receives Nasdaq delisting notice for failure to meet 300 public holder rule
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844981/000110465923100468/0001104659-23-100468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844981/000110465923100468/tm2325988d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-100468

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