WEBUY GLOBAL LTD Settles $124K Interest on Convertible Loan

TL;DR

WEBUY GLOBAL LTD cleared $124K in interest on a loan, principal already paid.

AI Summary

On January 13, 2025, WEBUY GLOBAL LTD, through its subsidiary New Retail International Pte. Ltd., entered into a debt settlement agreement to resolve $124,055.56 in accrued interest related to a convertible loan. New Retail International Pte. Ltd. has fully repaid the principal amount of this loan.

Why It Matters

This settlement resolves outstanding interest, potentially improving the company's financial standing and reducing liabilities.

Risk Assessment

Risk Level: low — The filing reports a routine debt settlement for a relatively small amount of accrued interest.

Key Numbers

• $124,055.56 — Settled Interest (Amount of accrued interest paid to resolve a convertible loan.)

Key Players & Entities

• WEBUY GLOBAL LTD (company) — Registrant
• New Retail International Pte. Ltd. (company) — Wholly-owned subsidiary
• $124,055.56 (dollar_amount) — Accrued interest settled
• January 13, 2025 (date) — Date of agreement

FAQ

Key Financial Figures

• $124,055.56 — d outstanding interest in the amount of $124,055.56 arose out of a convertible loan between
• $0.133 — A ordinary shares to the shareholder at $0.133 per Class A ordinary share, which was 8

Filing Documents

• ea0228000-6k_webuy.htm (6-K) — 9KB
• 0001213900-25-004597.txt ( ) — 10KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2025 Commission File Number: 001-41840 WEBUY GLOBAL LTD 35 Tampines Street 92 Singapore 528880 +65 8859 9762 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F On January 13, WEBUY GLOBAL LTD (the “Company”) entered into a debt settlement agreement (the “Agreement”) with its wholly-owned subsidiary, New Retail International Pte. Ltd. (“New Retail”), and a shareholder, to settle the accrued and outstanding interest in the amount of $124,055.56 arose out of a convertible loan between New Retail and the shareholder. Pursuant to the Agreement, New Retail had repaid all the principal amount of the convertible loan, and the Company would assume the remaining outstanding interest by issuing 932,849 Class A ordinary shares to the shareholder at $0.133 per Class A ordinary share, which was 85% of the closing price of the Company on January 9, 2025. On January 14, the Company issued the shares to the shareholder. 1 SIGNATURE 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 Date: January 17, 2025 By: /s/ Bin Xue Name: Bin Xue Title: Chief Financial Officer 2

View Full Filing

View this 6-K filing on SEC EDGAR