Rajah & Tann Singapore acted for DigiAsia Bios Pte. Ltd., Indonesia’s Embeddable ‘Fintech-as-a-Service’ (FaaS) company, in its proposed merger with StoneBridge Acquisition Pte. Ltd., a wholly owned subsidiary of StoneBridge Acquisition Corporation, a special purpose acquisition company (SPAC). The transaction values the combined company at a pre-money equity valuation of US$500 million and upon completion of the transaction, the combined company will trade on Nasdaq Capital Market. Partners Hoon Chi Tern and Debbie Woo led the transaction.
US$500 million merger of StoneBridge and DigiAsia – Southeast Asia’s ‘Fintech-As-A-Service’ (FaaS) Player
- US$500 million merger of StoneBridge and DigiAsia – Southeast Asia’s ‘Fintech-As-A-Service’ (FaaS) Player
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