WeBuy Global has successfully closed a $3.7 million registered direct offering on December 17, 2024, issuing 5,372,792 Class A ordinary shares at $0.1756 per share and pre-funded warrants for up to 15,640,447 shares at $0.1755 per share. The offering was conducted through D. Boral Capital LLC as the exclusive placement agent, who received a 7% fee from the gross proceeds.The company plans to use the net proceeds for working capital and general corporate purposes. The pre-funded warrants, exercisable at $0.0001 per share, were issued to prevent purchasers from exceeding 9.99% ownership of the company's outstanding shares.As part of the agreement, the company's directors and executives entered into a 90-day lock-up period. Additionally, the company agreed to a 90-day restriction on new share issuances and a 30-day limitation on variable rate transactions, with certain exceptions. The placement agent also received a six-month right of first refusal from the closing date.

WeBuy Global has successfully closed a $3.7 million registered direct offering on December 17, 2024, issuing 5,372,792 Class A ordinary shares at $0.1756 per share and pre-funded warrants for up to 15,640,447 shares at $0.1755 per share. The offering was conducted through D. Boral Capital LLC as the exclusive placement agent, who received a 7% fee from the gross proceeds.The company plans to use the net proceeds for working capital and general corporate purposes. The pre-funded warrants, exercisable at $0.0001 per share, were issued to prevent purchasers from exceeding 9.99% ownership of the company's outstanding shares.As part of the agreement, the company's directors and executives entered into a 90-day lock-up period. Additionally, the company agreed to a 90-day restriction on new share issuances and a 30-day limitation on variable rate transactions, with certain exceptions. The placement agent also received a six-month right of first refusal from the closing date.