25 Jan 2023

US$500 million proposed merger between DigiAsia Bios Pte. Ltd and StoneBridge Acquisition Pte. Ltd.

Partners Hoon Chi Tern and Debbie Woo from Rajah & Tann Singapore are acting for DigiAsia Bios Pte. Ltd., Indonesia’s Embeddable ‘Fintech-as-a-Service’ (FaaS) company, in its US$500 million proposed merger with StoneBridge Acquisition Pte. Ltd., a wholly owned subsidiary of StoneBridge Acquisition Corporation, a special purpose acquisition company (SPAC). Upon completion of the transaction, the combined company will trade on Nasdaq Capital Market.