secwatch.observer — SEC 8-K summary
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Issuer:     DIGIASIA CORP. (—)
CIK:        0001844981
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001104659-24-005897
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

StoneBridge shareholders approve extension to July 2024; ~211K shares redeemed
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- Shareholders approved extending business combination deadline up to July 20, 2024 via up to 6 monthly extensions.
- 210,813 Class A shares redeemed at ~$11.36/share, total ~$2.4M; remaining trust ~$25.2M.
- Sponsor deposited $55,379 for one-month extension to Feb 20, 2024; promissory note issued.
- Net tangible asset requirement removed from charter to avoid penny stock rules.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844981/000110465924005897/0001104659-24-005897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844981/000110465924005897/tm243778d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-005897

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer