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DigiAsia ( (FAAS) ) has issued an announcement.
On January 21, 2025, DigiAsia Corp. entered into a Second Forbearance Agreement with Helena Special Opportunities LLC and Scieniti LLC, following defaults under a previous Securities Purchase Agreement. This agreement temporarily prevents the investors from exercising their rights due to defaults, in exchange for DigiAsia issuing additional shares and promissory notes to the investors. The move aims to stabilize DigiAsia’s financial standing by addressing ongoing defaults and providing shareholders with a temporary resolution to financial obligations.
More about DigiAsia
DigiAsia Corp. operates in the financial technology sector, primarily providing digital payment solutions and financial services. The company is based in Singapore and engages with multiple investors to facilitate its operations and growth.
YTD Price Performance: -36.85%
Average Trading Volume: 527,045
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.21M
Learn more about FAAS stock on TipRanks’ Stock Analysis page.
