DigiAsia Corp. Announces Completion of Convertible Note Financing with Helena Partners and Extinguishes Outstanding Debt

~ Prompt Extinguishment of Debt Following Recent Listing as a Public Company Prioritizes Financial Responsibility with a Healthy Capital Structure ~ NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) — DigiAsia Corp. (NASDAQ: FAAS) (“DigiAsia” or the “Company”), a leading Fintech as a Service (“FaaS”) ecosystem provider, today announced it has received net proceeds of $3.0 […]

~ Prompt Extinguishment of Debt Following Recent Listing as a Public Company Prioritizes Financial Responsibility with a Healthy Capital Structure ~

NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) — DigiAsia Corp. (NASDAQ: FAAS) (“DigiAsia” or the “Company”), a leading Fintech as a Service (“FaaS”) ecosystem provider, today announced it has received net proceeds of $3.0 million as a result of the previously announced Securities Purchase Agreement (“SPA”) with Helena Special Opportunities LLC, an affiliate of Helena Partners Inc. (“Helena”). In addition, through the issuance of Senior Unsecured Convertible Notes (the “Notes”), convertible into Class A common shares of the Company, and $5.2 million of Class B Convertible Notes, DigiAsia has extinguished all debt inherited from its business combination with StoneBridge Acquisition Corporation. The remainder of proceeds will be utilized for general corporate purposes as growth capital investment.

As announced on June 21, 2024, the Notes bear interest at a rate of 12% per annum, payable quarterly, and mature one year from the issuance of the note. Helena, pursuant to its note, has the option, on or prior to the maturity date, to convert the entire principal amount and all accrued but unpaid interest on the notes into shares of DigiAsia common stock.

EF Hutton LLC acted as the exclusive placement agent for the offering. Winston & Strawn LLP acted as legal advisor to DigiAsia.

Forward-Looking Statements:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning DigiAsia and the Company’s operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. DigiAsia cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world including those discussed in DigiAsia’s Form 20-F under the headings “Risk Factors”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and DigiAsia specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

DigiAsia Company Contact:

Subir Lohani

Chief Financial Officer and Chief Strategy Officer

646-480-0142

Investor Contact:

MZ North America

Email: FAAS@mzgroup.us

GlobeNewswire Distribution ID 9172144

Call for Nominations: 2024 Global Citizen Award

LONDON, July 02, 2024 (GLOBE NEWSWIRE) — Leading international residence and citizenship advisory firm Henley & Partners, in partnership with Andan Foundation, a Swiss non-profit humanitarian organization, is pleased to announce the call for nominations for the 2024 Global Citizen Award. Created ten years ago in 2014, the Global Citizen Award is a tribute that honors remarkable individuals […]

LONDON, July 02, 2024 (GLOBE NEWSWIRE) — Leading international residence and citizenship advisory firm Henley & Partners, in partnership with Andan Foundation, a Swiss non-profit humanitarian organization, is pleased to announce the call for nominations for the 2024 Global Citizen Award.

Created ten years ago in 2014, the Global Citizen Award is a tribute that honors remarkable individuals working to advance any one of the global challenges affecting humanity today – challenges that transcend national boundaries and cannot be resolved by any one country acting alone. This year’s honor is particularly significant as it marks the 10th anniversary of the Global Citizen Award, celebrating a decade of recognizing and supporting global champions who make a profound impact on our world.

The 2024 laureate will be selected by a distinguished, independent committee and honored at the Global Citizen Award ceremony, the concluding gala evening event of the annual Henley & Partners Global Citizenship Conference which is taking place this year at Capella Singapore from 27–29 November 2024.

Henley & Partners Chairman and Founder of the Andan Foundation, Dr. Christian H. Kaelin, says the awardee’s work needs to demonstrate a positive impact on the lives of vulnerable social groups, particularly with a connection to migration-related issues. “The Global Citizen Award is open worldwide to those working in a field with a direct link to the issues they are looking to affect and excludes political figures, opinion leaders, and celebrities. The committee is looking for remarkable and inspirational individuals who demonstrate vision, courage, and innovation in driving global change, and whose actions and outlook contribute to a more just, peaceful, connected, and tolerant world.”

The selection process is confidential and is based on a majority decision of the Award Committee. The award itself consists of a bespoke sculptural medal designed by leading Italian artist Antonio Nocera, an award certificate signed by the Chairman of the Global Citizen Award Committee, and a monetary prize of USD 20,000, which goes towards supporting the awardee’s humanitarian efforts. In addition, Henley & Partners commits to working closely with the awardee for a period of one year, raising awareness of their work and supporting the selected project through the firm’s network of more than 55 offices worldwide.

Since its inception, the Global Citizen Award has honored many remarkable individuals. The first laureate was German entrepreneur Harald Höppner, who set up the refugee humanitarian aid project Sea-Watch. He was followed by Dr. Imtiaz Sooliman, Founder of the Gift of the Givers Foundation, Africa’s largest disaster relief organization, and Monique Morrow, Co-Founder of The Humanized Internet, a digital identity project that aims to bring hope to the estimated 1.1 billion individuals in the world who cannot prove their legal identity.

Diep Vuong, Co-Founder and President of the Pacific Links Foundation, was awarded for her work in Southeast Asia campaigning for the rights of those enslaved by human trafficking, while Prof. Dr. Padraig O’Malley received his Global Citizen Award in recognition of his work on conflict resolution and reconciliation in Northern Ireland, South Africa, and Iraq. Last year’s awardee Zannah Bukar Mustapha, the Founder of the Future Prowess Islamic Foundation, was recognized for the psychological, educational, spiritual and other developmental support provided to the children and widows affected by the insurgency in north-eastern Nigeria.

Commenting on the award’s 10-year history and significance, Dr. Kaelin says global citizenship ideals are a founding principle of Henley & Partners, and through its partnership with the Andan Foundation, the firm can provide support to those displaced by war, conflict and climate change. “All of our Global Citizen Award laureates have inspired us with their willingness to act in confronting a problem that many see as simply too vast to address. The issues that we face today transcend the family, the tribe, the village, and the nation. It’s more critical than ever that we do what we can to support those working to change the lives of vulnerable people around the world.”

Nominations close on Friday, 2 August 2024. For more information on how to submit your nomination, please contact Bushra Zaidan at  bushra.zaidan@andan.org

Sarah Nicklin
Group Head of PR
sarah.nicklin@henleyglobal.com
Mobile: +27 72 464 8965

GlobeNewswire Distribution ID 1000969321

Adrian Ridge Appointed CEO of Nikkiso Clean Energy & Industrial Gases Group

Adrian Ridge TEMECULA, Calif., July 01, 2024 (GLOBE NEWSWIRE) — Effective July 1, 2024, Adrian Ridge is Chief Executive Officer of Nikkiso Clean Energy & Industrial Gases Group, part of Nikkiso Co. Ltd.’s Industrial division. Ridge succeeds Peter Wagner, who remains engaged in a Board role as Executive Chairman for Nikkiso CE&IG Group. As CEO, […]

Adrian Ridge
Adrian Ridge CEO Nikkiso Clean Energy & Industrial Gases

Effective July 1, 2024, Adrian Ridge is CEO of Nikkiso Clean Energy & Industrial Gases

TEMECULA, Calif., July 01, 2024 (GLOBE NEWSWIRE) — Effective July 1, 2024, Adrian Ridge is Chief Executive Officer of Nikkiso Clean Energy & Industrial Gases Group, part of Nikkiso Co. Ltd.’s Industrial division. Ridge succeeds Peter Wagner, who remains engaged in a Board role as Executive Chairman for Nikkiso CE&IG Group.

As CEO, Ridge will drive operational and financial results and ready the Group for future growth. In his role as Executive Chairman, Wagner will focus on driving the vision and long-term strategy of the Group in an advisor capacity.

“On behalf of the Board, I welcome and congratulate Adrian on his promotion to CEO,” said Wagner. “He is a proven leader who is engaging at the right time to support Nikkiso Clean Energy & Industrial Gases’s growth to new heights.”

“I’ve never been as excited about a company’s potential as I am about Nikkiso,” said Ridge. “We have all the right ingredients to be a leader in every market we serve in every region around the world. I am honored and grateful for this once-in-a-lifetime opportunity.”

About Adrian Ridge

Ridge joined Nikkiso Clean Energy & Industrial Gases in 2022 as EVP of Manufacturing and Operations after working approximately 30 years at Swedish manufacturing giant Atlas Copco in various global leadership roles. He has a Mechanical Engineering degree and an MBA from Durham University in the United Kingdom.

Media contact
Lisa Adams
Lisa.adams@nikkisoceig.com
Mobile: +1 (405) 492-1689

About Nikkiso Clean Energy & Industrial Gases Group

The Nikkiso Clean Energy & Industrial Gases Group is a leading provider of cryogenic equipment, technologies and applications for clean energy and industrial gas market segments. The Group employs more than 1,600 people in 22 countries and is headed by Cryogenic Industries, Inc. in Southern California, U.S., which is a wholly owned subsidiary of Nikkiso Co., Ltd. (TSE: 6376).

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b3496ba9-85d1-4c91-b199-181d30747a25

GlobeNewswire Distribution ID 9171987

HRH the Crown Prince Makes a Phone Call to King of Morocco

Jeddah: His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, made a phone call today to King Mohammed VI of the Kingdom of Morocco.

During the call, HRH the Crown Prince …

Jeddah: His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, made a phone call today to King Mohammed VI of the Kingdom of Morocco. During the call, HRH the Crown Prince expressed his sincere condolences and sympathy to the Moroccan king on the death of his mother, praying to Almighty to bestow His mercy on her soul. The Moroccan king expressed his thanks and appreciation to HRH the Crown Prince for his sincere condolences. Source: Saudi Press Agency

Settlers set up caravans and barracks east of Bethlehem

Settlers set up mobile homes, “caravans” and “barracks” in the Tekoa desert, east of Bethlehem, on Tuesday.

Hassan Breijieh, a researcher in the affairs of the wall and settlements, reported that settlers had erected a number of mobile homes and barr…

Settlers set up mobile homes, "caravans" and "barracks" in the Tekoa desert, east of Bethlehem, on Tuesday. Hassan Breijieh, a researcher in the affairs of the wall and settlements, reported that settlers had erected a number of mobile homes and barracks in the 'Khalat al-Liyah' area in the Tekoa Wilderness, in preparation for establishing a settlement outpost, noting that the occupation has been preventing landowners in the area from accessing it since October 7. It is noteworthy that the settlers have recently escalated their settlement attack in the Tekoa Wilderness, where dozens of mobile homes and barracks were erected in the areas of 'Fathura', 'Bir Firas', and 'Wadi Al-Mu'allaq', and they established settlement outposts there Source: Maan News Agency

Industry Ministry Issues Nearly 32,000 Certificates of Origin in June

Riyadh: The Ministry of Industry and Mineral Resources said it issued 31,887 certificates of origin in June, as part of the ministry’s endeavor to boost the exports of various sectors.

A certificate of origin is an official document granted by the mi…

Riyadh: The Ministry of Industry and Mineral Resources said it issued 31,887 certificates of origin in June, as part of the ministry's endeavor to boost the exports of various sectors. A certificate of origin is an official document granted by the ministry to prove that the exported goods are of national origin or have acquired the status of national origin. The ministry said that application for the certificate of origin can be done through the following link: https://coo.mim.gov.sa/Login/En. Source: Saudi Press Agency