Digiasia corp. announces execution of definitive agreements for a convertible note financing with helena partners

New york, june 21, 2024 (globe newswire) -- digiasia corp. (nasdaq: faas) (“digiasia” or the “company”), a leading finance as a service (“faas”) ecosystem 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.
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