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

SEC ·  Aug 17 04:08

Summary by Futu AI

WeBuy Global Ltd (WeBuy), a company incorporated in the Cayman Islands with operations in Singapore and Indonesia, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on August 16, 2024. The filing pertains to the issuance of up to 82,758,621 Class A ordinary shares upon the conversion of a senior secured convertible promissory note (Convertible Note) issued to Lind Global Fund II LP (the Investor) on July 26, 2024. The Convertible Note, with a maturity date of 24 months post-issuance, has a principal amount of up to $2,400,000. The conversion price is set at $0.213 or 150% of the volume-weighted average price (VWAP) of the Class A ordinary shares on the trading day preceding the issuance, with a floor price of $0.029. WeBuy will not receive any proceeds from the sale of shares by the Selling Shareholder. The company's shares are listed on the Nasdaq Capital Market under the symbol 'WBUY'. The last reported sale price of WeBuy's Class A ordinary shares was $0.12 per share as of August 15, 2024.
WeBuy Global Ltd (WeBuy), a company incorporated in the Cayman Islands with operations in Singapore and Indonesia, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on August 16, 2024. The filing pertains to the issuance of up to 82,758,621 Class A ordinary shares upon the conversion of a senior secured convertible promissory note (Convertible Note) issued to Lind Global Fund II LP (the Investor) on July 26, 2024. The Convertible Note, with a maturity date of 24 months post-issuance, has a principal amount of up to $2,400,000. The conversion price is set at $0.213 or 150% of the volume-weighted average price (VWAP) of the Class A ordinary shares on the trading day preceding the issuance, with a floor price of $0.029. WeBuy will not receive any proceeds from the sale of shares by the Selling Shareholder. The company's shares are listed on the Nasdaq Capital Market under the symbol 'WBUY'. The last reported sale price of WeBuy's Class A ordinary shares was $0.12 per share as of August 15, 2024.

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