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 Class A ordinary shares and prefunded warrants, with the purchase price for the prefunded warrants set at $0.1755 per share, minus an exercise price of $0.0001 per share [1]. - D. Boral Capital LLC served as the exclusive placement agent for the offering, while Ortoli Rosenstadt LLP and Hunter Taubman Fischer & Li LLC acted as legal counsel for the company and the placement agent, respectively [2]. 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 became effective on December 3, 2024 [3]. - A prospectus supplement detailing the terms of the offering was filed with the SEC, and copies can be accessed through the SEC's website or by contacting the placement agent [4]. 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 services [6]. - The company aims to improve the shopping and travel experiences for families in Southeast Asia by offering high-quality, affordable products and services [6].
D. Boral Capital Acted as Exclusive Placement Agent to Webuy Global Ltd (Nasdaq: WBUY) in connection with its $3.7 Million Registered Direct Offering