DigiAsia ( ($FAASF) ) just unveiled an announcement.
On May 9, 2026, DigiAsia Corp. entered into definitive agreements with PayMate India Limited and its subsidiary Brainstorm Consulting for a multi-step share transaction that could significantly reshape its ownership structure. The deal, if completed, would see DigiAsia sell 100% of DigiAsia Bios to Brainstorm in exchange for shares and subsequently swap its Brainstorm stake for a roughly 49% equity position in PayMate, subject to funding, regulatory approvals, consents, and a voluntary shareholder vote.
The agreements are structured in two closings, with the first required within 60 business days of signing and the second within 30 business days thereafter, and a coordination deed binds the documents into a single integrated transaction. A related letter agreement contemplates future investment by PayMate or its subsidiaries into DigiAsia Bios to recapitalize the Singapore-Indonesia business, strengthen regulatory capital, fund working capital, and reduce debt, potentially enhancing DigiAsia’s regional financial services platform while aligning it closely with PayMate’s growth strategy.
More about DigiAsia
DigiAsia Corp., based in Singapore, operates through its wholly owned subsidiary DigiAsia Bios, which runs a Singapore-Indonesia financial services platform. The business focuses on digital payments and related financial solutions in Southeast Asia, where access to capital and regulatory compliance are key considerations for growth and balance sheet strength.
Average Trading Volume: 29,163
Technical Sentiment Signal: Strong Sell
Current Market Cap: $600.8K
See more data about FAASF stock on TipRanks’ Stock Analysis page.
