During Monday morning trading in U.S. markets, shares of Financial-as-a-Service (FaaS) company DigiAsia (FAAS) plummeted 32.5% following the company's announcement of its plan to voluntarily delist from NASDAQ, citing excessive listing costs as the primary reason.
The decision comes after Indian fintech company PayMate submitted a $400 million acquisition offer, prompting the company to conduct a strategic evaluation of potential sale and merger opportunities.
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