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DigiAsia (StoneBridge Acquisition) Priced, Nasdaq: FAAS

Blank check company targeting "new economy sectors" in Asia Pacific (completed 4/2/2024).

Industry: SPAC

Latest Trade: $6.57 0.00 (0.0%)

First Day Return: -0.4%

Return from IPO: -34.3%

Industry: SPAC

We are a blank check company. While we may pursue an acquisition or a business combination target in any business or industry, we focus our search on a target with operations or prospective operations in the consumer technology, communications, software, SaaS, fintech or media sectors, which we refer to as the "new economy sectors." In addition, we are focusing our search for target businesses in the following key verticals: Ecommerce, Fintech, SaaS (Software as a Service), Renewable Energy and Information Technology (IT) and IT Enabled Services. Our geographic focus is Asia Pacific, with a special emphasis on targets in India. We believe that India is entering a new era of economic growth, particularly in the new economy sectors, which we expect will result in attractive initial business combination opportunities for attractive risk-adjusted returns. We intend to focus our efforts on seeking and completing an initial business combination with a company that has an enterprise value of between $600 million and $1.5 billion, although a target entity with a smaller or larger enterprise value may be considered.
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IPO Data
IPO File Date 02/26/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/15/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Cantor Fitzgerald
Odeon Capital Group
Company Data
Headquarters New York, NY, United States
Founded 2021
Employees 2

DigiAsia (StoneBridge Acquisition) (FAAS) Performance