Articles from DigiAsia Corp

~ Enhancing Cross Border Payments ~

Valuing DigiAsia at US $400 Million

~ The Addition Strengthens the Delivery of Meaningful AI Fintech Solutions for its Enterprise Clients ~

Collaboration Advances Financial Inclusion in Indonesia

Google India’s Country Head of Connectivity Joins DigiAsia to Guide the Development of AI Infrastructure

~ Company Moves into Operational Profitability

~ Prompt Extinguishment of Debt Following Recent Listing as a Public Company Prioritizes Financial Responsibility with a Healthy Capital Structure ~

~ Initial Access to 5,120 of NVIDIA’s Latest and Most Powerful GPUs ~

NEW YORK, June 21, 2024 (GLOBE NEWSWIRE) -- DigiAsia Corp. (NASDAQ: FAAS) (“DigiAsia” or the “Company”), a leading Finance as a Service (“FaaS”) ecosystem provider for the enterprise (across Southeast Asia) in Indonesia, today announced it has entered into a definitive Securities Purchase Agreement (“SPA”) with Helena Special Opportunities LLC, an affiliate of Helena Partners Inc. (“Helena”), pursuant to which the Company will receive in excess of $3 million in funding through the issuance of Senior Unsecured Convertible Notes (the “Notes”), convertible into Class A common shares of the Company. Additionally, the transaction includes $5.2 million of Class B Convertible Notes of existing debt inherited from the business combination with StoneBridge Acquisition Corporation which closed in April 2024.