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WeBuy Global | F-1: Registration statement for securities of certain foreign private issuers

SEC announcement ·  Apr 17 21:14
Summary by Futu AI
WeBuy Global Ltd, a Southeast Asian community-oriented e-commerce retailer specializing in groceries and travel, has announced its financial results for the year ending December 31, 2023. Despite a net loss of $5,162,454 and ongoing concerns about the company's ability to continue as a going concern, WeBuy reported increased revenues and has taken steps to address its financial challenges. The company, which operates under the ticker symbol WBUY on the Nasdaq Capital Market, has undergone a share swap agreement resulting in New Retail International Pte Ltd becoming a wholly-owned subsidiary. WeBuy's financial statements have been audited by OneStop Assurance PAC, and the company has filed a registration statement with the SEC for the offering of Class A Shares. The company's operations are primarily in Singapore and Indonesia, with a corporate structure that includes several subsidiaries. WeBuy's financial activities include a share forward split, issuance of ordinary shares, convertible notes, and SAFE notes, all detailed in their latest financial report.
WeBuy Global Ltd, a Southeast Asian community-oriented e-commerce retailer specializing in groceries and travel, has announced its financial results for the year ending December 31, 2023. Despite a net loss of $5,162,454 and ongoing concerns about the company's ability to continue as a going concern, WeBuy reported increased revenues and has taken steps to address its financial challenges. The company, which operates under the ticker symbol WBUY on the Nasdaq Capital Market, has undergone a share swap agreement resulting in New Retail International Pte Ltd becoming a wholly-owned subsidiary. WeBuy's financial statements have been audited by OneStop Assurance PAC, and the company has filed a registration statement with the SEC for the offering of Class A Shares. The company's operations are primarily in Singapore and Indonesia, with a corporate structure that includes several subsidiaries. WeBuy's financial activities include a share forward split, issuance of ordinary shares, convertible notes, and SAFE notes, all detailed in their latest financial report.
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