Core Viewpoint - Webuy Global Ltd. has successfully closed a registered direct offering, raising approximately $3.7 million through the sale of 21,013,239 Class A ordinary shares at a price of $0.1756 per share [1][2]. Group 1: Offering Details - The offering involved the sale of 21,013,239 Class A ordinary shares, with a purchase price of $0.1756 per share and pre-funded warrants priced at $0.1755 [1]. - Gross proceeds from the offering are estimated to be around $3.7 million, before deducting fees and expenses [2]. - D. Boral Capital LLC served as the exclusive placement agent for the offering, with legal counsel provided by Ortoli Rosenstadt LLP for the Company and Hunter Taubman Fischer & Li LLC for the placement agent [3]. Group 2: Regulatory Information - The offering was conducted under a "shelf" registration statement on Form F-3, which was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on December 3, 2024 [4]. - The terms of the offering were detailed in a prospectus supplement filed with the SEC, which can be accessed through the SEC's website [5]. Group 3: 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 [7]. - The Company aims to improve the lives of families in Southeast Asia by offering high-quality, affordable products and services, as well as AI-powered travel solutions [7].
Webuy Global Ltd. Announces Closing of $3.7 Million Registered Direct Offering