WEBUY GLOBAL LTD Sells 5.37M Shares in Direct Offering
Ticker: WBUY · Form: 6-K · Filed: Jan 6, 2025 · CIK: 1946703
| Field | Detail |
|---|---|
| Company | Webuy Global Ltd (WBUY) |
| Form Type | 6-K |
| Filed Date | Jan 6, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.000000385, $0.1756, $0.1755, $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: offering, shares, institutional-investors
TL;DR
WEBUY GLOBAL LTD is selling over 5.3M shares to institutional investors via a direct offering.
AI Summary
On December 16, 2024, WEBUY GLOBAL LTD entered into a securities purchase agreement with certain institutional investors. The company agreed to issue and sell 5,372,792 shares of Class A ordinary shares in a registered direct offering.
Why It Matters
This registered direct offering could dilute existing shareholders' ownership but also provides the company with capital for future operations or expansion.
Risk Assessment
Risk Level: medium — Registered direct offerings can lead to share price dilution and indicate potential capital needs.
Key Numbers
- 5,372,792 — Shares of Class A Ordinary Shares (Sold in registered direct offering)
Key Players & Entities
- WEBUY GLOBAL LTD (company) — Registrant
- December 16, 2024 (date) — Date of Purchase Agreement
- 5,372,792 (dollar_amount) — Number of Class A ordinary shares to be sold
FAQ
What is the total number of Class A ordinary shares WEBUY GLOBAL LTD agreed to sell?
WEBUY GLOBAL LTD agreed to sell 5,372,792 shares of Class A ordinary shares.
When was the securities purchase agreement entered into?
The securities purchase agreement was entered into on December 16, 2024.
Who are the purchasers in this offering?
The purchasers are described as 'certain institutional investors'.
What type of offering is this?
This is a registered direct offering.
What is the filing form for this report?
This is a Form 6-K report.
Filing Stats: 345 words · 1 min read · ~1 pages · Grade level 14.3 · Accepted 2025-01-06 16:05:33
Key Financial Figures
- $0.000000385 — hares”) of the Company, par value $0.000000385 per share, at a purchase price of $0.17
- $0.1756 — 00385 per share, at a purchase price of $0.1756 per share; and (ii) pre-funded warrants
- $0.1755 — Shares”) at a purchase price of $0.1755 to the purchase price for Shares, less
- $0.0001 — for Shares, less the exercise price of $0.0001 per share. On December 17, 2024, pursu
Filing Documents
- ea0226770-6k_webuy.htm (6-K) — 9KB
- 0001213900-25-001161.txt ( ) — 11KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. WEBUY GLOBAL LTD By: /s/ Bin Xue Name: Bin Xue Title: Chief Executive Officer Date: January 6, 2025 2