FAAS
DigiAsia Corp.0.0807
-0.0095-10.5%
Sep 18, 4:00:02 PM EDT
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
4.90MP/E (TTM)
-Basic EPS (TTM)
-0.11Dividend Yield
0%Recent Filings
10-K
FY2023 results
StoneBridge, a blank check company, reported no revenues for FY2023 ended December 31, 2023, with a net loss of $63,563 driven by $2.1M operating expenses offset by $2.0M trust interest income; trust held $27.5M as of year-end. Q4 showed ongoing cash burn amid extension efforts, with Sponsor funding $2.96M in notes to sustain operations through repeated deadline pushes to April 20, 2024. Liquidity strained at $105K cash versus $4.9M working capital deficit. No capex, dividends, or buybacks; Sponsor covered admin at $120K annually. Business combination with DigiAsia closed April 2, 2024. Deadline pressure mounts.
8-K
Business combo closes
StoneBridge Acquisition Corporation completed its business combination with DigiAsia Bios Pte. Ltd. on April 2, 2024, after Amendment No. 3 waived the minimum cash condition and adjusted closing terms. Deal closed swiftly post-amendment. Risks include potential Nasdaq delisting and legal proceedings.
8-K
Auditor change announced
StoneBridge Acquisition Corporation dismissed Marcum LLP as its auditor on March 20, 2024, and hired BDO India LLP, approved unanimously by its audit committee. No disagreements on accounting or auditing matters arose, but prior reports noted going concern uncertainty and material weaknesses in internal controls over complex instruments and accruals. Auditor switch disclosed cleanly.
8-K
SPAC merger nears close
StoneBridge Acquisition Corporation announced on March 25, 2024, that its business combination with DigiAsia Bios Pte. Ltd. is expected to close by April 2024. The combined entity, DigiAsia Corp., will trade on Nasdaq as 'FAAS.' Deal faces risks from shareholder redemptions and Nasdaq listing standards.
8-K
Trust at $25M, $11.50/share
StoneBridge Acquisition Corporation disclosed on March 4, 2024, that its trust account holds $25,464,920.35, with shares at $11.50 apiece. This update arrives amid its pending merger with DigiAsia, Indonesia's embedded fintech provider, post-F-4 effectiveness. Redemptions threaten closing if exceeding thresholds. Trust stays firm.
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