Core Viewpoint - Webuy Global Ltd. has entered into a securities purchase agreement to raise approximately $3.7 million through a registered direct offering of Class A ordinary shares at a price of $0.1756 per share [1][2]. Company Overview - Webuy Global Ltd. is a technology-driven e-commerce and travel platform focused on Southeast Asia, utilizing advanced AI technologies to enhance its 'group buy' model and provide personalized recommendations and predictive demand analytics [7]. - The company aims to improve the lives of millions in Southeast Asia by offering high-quality, affordable products, services, and travel experiences [7]. Offering Details - The offering involves approximately 21,013,239 Class A ordinary shares and is expected to close on or about December 17, 2024, pending customary closing conditions [1][2]. - D. Boral Capital LLC is acting as the exclusive placement agent for this offering [3]. - The offering is conducted under a shelf registration statement filed with the SEC, which was declared effective on December 3, 2024 [3].
Webuy Global Ltd. Announces Pricing of $3.7 Million Registered Direct Offering