Company Overview - WEBUY GLOBAL LTD is a technology-driven company focused on transforming community e-commerce and travel across Southeast Asia, utilizing predictive AI and personalized recommendations to enhance its group-buy model [5]. Offering Details - The company announced the closing of its offering of 721,918 Class A ordinary shares and pre-funded warrants to purchase up to 100,000 Class A ordinary shares, generating gross proceeds of approximately $3 million before deducting fees and expenses [1][2]. - D. Boral Capital LLC served as the exclusive placement agent for this offering, with legal counsel provided by Ortoli Rosenstatdt LLP for the company and Hunter Taubman Fischer & Li LLC for the placement agent [2]. Regulatory Compliance - The securities were offered under an effective registration statement on Form F-1, which was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on June 27, 2025. Multiple post-effective amendments were filed in July 2025, with the final amendment declared effective on July 18, 2025 [3].

Company Overview - WEBUY GLOBAL LTD is a technology-driven company focused on transforming community e-commerce and travel across Southeast Asia, utilizing predictive AI and personalized recommendations to enhance its group-buy model [5]. Offering Details - The company announced a best-efforts offering where institutional investors have agreed to purchase 721,918 Class A ordinary shares at a price of $3.65 per share and 100,000 pre-funded warrants at a price of $3.6499 per warrant [1]. - The offering is expected to close on or about August 1, 2025, pending customary closing conditions [2]. Regulatory Information - The securities are being offered under an effective registration statement on Form F-1, which was declared effective by the SEC on June 27, 2025, with subsequent post-effective amendments filed in July 2025 [3].

Core Insights - Webuy Global Ltd. is exploring collaboration with Victory Securities to enhance stablecoin payment initiatives for its global travel and e-commerce operations [1][4] - Victory Securities is a licensed financial services provider in Hong Kong, specializing in virtual asset services, which positions it uniquely to assist Webuy in its expansion into the crypto ecosystem [2][6] - The partnership aims to integrate stablecoin-based payment infrastructure, facilitating fast and secure transactions for global travelers and suppliers [4][5] Company Overview - Webuy Global Ltd. is a technology-driven company focused on transforming community e-commerce and travel in Southeast Asia, utilizing AI for predictive recommendations and community engagement [5] - The company aims to enhance customer experience and reduce payment friction through the development of a crypto-ready ecosystem in collaboration with Victory Securities [5] Industry Context - Victory Securities, established in 1971, is the first licensed firm in Hong Kong authorized to provide virtual asset trading and advisory services to retail investors, giving it a competitive edge in the fintech space [2][6] - The collaboration between Webuy and Victory Securities reflects a growing trend in the e-commerce industry towards adopting stablecoin payments to support global commerce [4][5]

Core Insights - Webuy Global Ltd. has appointed Mr. Heng Wee Koon as Independent Director and Chair of the Compensation Committee, highlighting his strategic value to the company [1][4] - Mr. Heng has over 25 years of leadership experience in mergers and acquisitions, financial advisory, and corporate governance, currently serving as Lead Independent Director at Hyphens Pharma International Ltd. [2] - His previous roles include Partner at KPMG Advisory LLP and founder of Acelyr M&A and Acelyr Advisory, bringing deep expertise to Webuy's Board as the company continues its rapid growth [3] Company Overview - Webuy Global Ltd. is a technology-driven company focused on transforming community e-commerce and travel in Southeast Asia, utilizing predictive AI and personalized recommendations [5] - The company enhances its group-buy model and offers curated travel itineraries supported by its proprietary AI Travel Consultant, aiming to improve the lives of millions in the region [5]

Core Viewpoint - Webuy Global Ltd. has successfully reinstated its listing on the Nasdaq Capital Market, marking a significant milestone in its recovery strategy and operational momentum [1][2]. Company Performance - The company has regained compliance with Nasdaq's minimum bid price requirement, following a comprehensive recovery strategy that included reverse stock splits and a successful appeal [2]. - In Q1 2025, Webuy reported substantial growth, particularly in its travel vertical, with over US$2.6 million in travel bookings, a 45% increase year-over-year [3]. - The travel business in Indonesia generated approximately US$1.25 million in revenue in Q1 2025, a remarkable increase of over 2,160% compared to US$55,000 in Q1 2024 [3]. Strategic Focus - The CEO emphasized the company's commitment to scaling high-margin verticals, enhancing its technology platform, and driving long-term shareholder value [4]. - Webuy plans to leverage its Nasdaq relisting to accelerate strategic initiatives across Southeast Asia, focusing on AI-driven e-commerce tools and community engagement [4]. Company Overview - Webuy Global Ltd. is a technology-driven company transforming community e-commerce and travel in Southeast Asia, utilizing predictive AI and community-led engagement [5].

Singapore, April 22, 2025 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (OTC: WBUY), a technology-driven community e-commerce and travel platform in South East Asia, today announces that on April 22, 2025, the Company filed its 2024 annual report (Form 20-F) with the U.S. Securities and Exchange Commission. The report is available at www.sec.gov and the Company's investor relations website. Webuy Global Ltd. is a forward-thinking, technology-driven company aimed at becoming the leading e- commerce and travel platfo ...