WeBuy Global Ltd (WeBuy), a company incorporated in the Cayman Islands with operations in Singapore and Indonesia, has filed an amendment to its Form F-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on September 20, 2024. The amendment 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 25, 2024. The Convertible Note, with a maturity date of 24 months post-issuance, may be converted at the Investor's discretion into Class A ordinary shares at a price of $0.213 per share, subject to adjustments, with a floor price of $0.029. WeBuy has paid a $70,000 commitment fee to the...Show More

WeBuy Global Ltd (WeBuy), a company incorporated in the Cayman Islands with operations in Singapore and Indonesia, has filed an amendment to its Form F-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on September 20, 2024. The amendment 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 25, 2024. The Convertible Note, with a maturity date of 24 months post-issuance, may be converted at the Investor's discretion into Class A ordinary shares at a price of $0.213 per share, subject to adjustments, with a floor price of $0.029. WeBuy has paid a $70,000 commitment fee to the Investor at closing. The Class A ordinary shares are listed on the Nasdaq Capital Market under the symbol 'WBUY'. The last reported sale price of WeBuy's Class A ordinary shares on Nasdaq was $0.12 per share as of August 15, 2024. The company has undergone a reclassification of its share capital, resulting in the designation of Class A and Class B ordinary shares, and has appointed Cogency Global Inc. as its agent for service of process in the U.S.