DIGIASIA CORP. (FAAS) Form 6-K — Sep 1, 2026
DigiAsia Corp. and PayMate India Limited agreed on August 20, 2026 to extend the First Long Stop Date under their May 9, 2026 Share Purchase Agreement by 60 days, pushing the long stop date to November 20, 2026. Under the revised timeline, the first closing must occur on or prior to November 20, 2026, with the second closing no later than 30 Business Days after the first closing. The proposed multi-step transaction, under which a subsidiary of PayMate would acquire DigiAsia Bios Pte Ltd, remains subject to funding, regulatory approvals, consents, final closing mechanics, and shareholder approval by DigiAsia.
Key figures
- Spa date
- May 9, 2026
- Expected close
- within the next 60 days
- Extension days
- 60
- First closing window
- on or prior to November 20, 2026
- Second closing window
- next business day after first closing, no later than 30 Business Days after first closing
- Extension agreement date
- August 20, 2026
- Long stop date extended to
- November 20, 2026
AI analysis
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