StoneBridge Acquisition Corporation (Nasdaq: APAC) announced this morning that its shareholders approved its business combination with fintech firm DigiAsia during a special meeting held on December 19.

The SPAC hasn’t revealed the redemption figures just yet. Initially, StoneBridge brought approximately $203 million into the deal from its trust. However, as it entered the completion vote, an aggregate of 87.87% of its trust had already been redeemed from prior extension votes, leaving it with $26.5 million.

It supplemented the deal with a non-binding letter-of-intent (LOI) for a standby equity purchase agreement financed by Yorkville Advisors worth up to $100 million. This included a pre-paid advance of up to $30 million in three tranches subject to certain conditions upon close.

The agreement included a covenant for StoneBridge to obtain financing from investors of at least $30 million made up of a combination of non-redeemed funds in the trust, equity financing in the form of a PIPE and a pre-paid advance on convertible debt. At least $20 million of this is expected to be funded at closing, and the remaining $10 million to be funded within three months after the closing.

The parties have not yet disclosed an exact date for the closing of the combination, but it is expected to be consummated as soon as practicable following the satisfaction of the closing conditions. As part of the closing cash condition, StoneBridge must have at least $20 million in its trust. The combined company is expected to trade on the Nasdaq under the symbol “FAAS” once the deal is completed.

StoneBridge announced its $500 million deal with DigiAsia earlier this year in January. Jakarta-based DigiAsia provides fintech services including credit cards in Southeast Asia and is currently branching into lending and other channels.

All other proposals presented on the ballot were also approved at the special meeting.