DigiAsia Corp. Announces Execution of Definitive Agreements for a Convertible Note Financing with Helena Partners [Yahoo! Finance]
DigiAsia Corp. - Ordinary Shares (FAAS)
Company Research
Source: Yahoo! Finance
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. DigiAsia will use the aggregate proceeds for the repayment of existing debt and general corporate purposes as growth capital investment. The Notes bear interest at a rate of 12% per annum, payable quarterly, and mature one year from the issuance of the note. Helena, pursuant to its note, has the option, on or prior to the maturity date, t
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FAAS
Sec Filings
- 6/28/24 - Form SC
- 6/26/24 - Form 6-K
- FAAS's page on the SEC website