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Webuy Global Ltd. Announces Closing of $3.7 Million Registered Direct Offering

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Webuy Global (Nasdaq: WBUY) has closed its previously announced registered direct offering, raising approximately $3.7 million in gross proceeds. The offering consisted of 21,013,239 Class A ordinary shares (or equivalents) sold at $0.1756 per share. The company also offered pre-funded warrants at $0.1755 per share with an exercise price of $0.0001. D. Boral Capital served as the exclusive placement agent for the offering, which was conducted under a shelf registration statement on Form F-3 that became effective on December 3, 2024.

Webuy Global (Nasdaq: WBUY) ha concluso la sua offerta diretta registrata precedentemente annunciata, raccogliendo circa $3.7 milioni in proventi lordi. L'offerta consisteva in 21.013.239 azioni ordinarie di Classe A (o equivalenti) vendute a $0.1756 per azione. L'azienda ha anche offerto warrant pre-finanziati a $0.1755 per azione con un prezzo di esercizio di $0.0001. D. Boral Capital ha servito come agente di collocamento esclusivo per l'offerta, che è stata effettuata sotto una dichiarazione di registrazione di shelf sul modulo F-3 che è diventata efficace il 3 dicembre 2024.

Webuy Global (Nasdaq: WBUY) ha cerrado su oferta directa registrada previamente anunciada, recaudando aproximadamente $3.7 millones en ingresos brutos. La oferta consistió en 21.013.239 acciones ordinarias de Clase A (o equivalentes) vendidas a $0.1756 por acción. La compañía también ofreció opciones de compra pre-financiadas a $0.1755 por acción con un precio de ejercicio de $0.0001. D. Boral Capital actuó como agente de colocación exclusivo para la oferta, que se llevó a cabo bajo una declaración de registro en estantería en el formulario F-3 que entró en vigor el 3 de diciembre de 2024.

Webuy Global (Nasdaq: WBUY)은 이전에 발표된 등록된 직접 공개를 마감했으며, 약 $3.7 백만의 총 수익을 올렸습니다. 이번 공개는 $0.1756에 판매된 21,013,239 Class A 보통주(또는 동등한 주식)로 구성되었습니다. 회사는 또한 주당 $0.1755의 미리 자금 조달된 워런트를 제공하였고, 행사가는 $0.0001입니다. D. Boral Capital은 이 공개에 대한 독점 배치 에이전트로 활동하였으며, 이는 2024년 12월 3일에 발효된 F-3 양식의 선반 등록 성명에 따라 실시되었습니다.

Webuy Global (Nasdaq: WBUY) a clôturé son offre directe enregistrée précédemment annoncée, levant environ 3,7 millions de dollars de produits bruts. L'offre a consisté en 21.013.239 actions ordinaires de Classe A (ou équivalentes) vendues à 0,1756 $ par action. La société a également proposé des warrants préfinancés à 0,1755 $ par action avec un prix d'exercice de 0,0001 $. D. Boral Capital a agi en tant qu'agent de placement exclusif pour l'offre, qui a été réalisée en vertu d'une déclaration d'enregistrement de shelf sur le formulaire F-3 qui est entrée en vigueur le 3 décembre 2024.

Webuy Global (Nasdaq: WBUY) hat sein zuvor angekündigtes registriertes Direktangebot abgeschlossen und dabei etwa 3,7 Millionen US-Dollar an Bruttoeinnahmen gesammelt. Das Angebot bestand aus 21.013.239 Stammaktien der Klasse A (oder Äquivalenten), die zu einem Preis von 0,1756 USD pro Aktie verkauft wurden. Das Unternehmen bot auch vorfinanzierte Warrants zu einem Preis von 0,1755 USD pro Aktie mit einem Ausübungspreis von 0,0001 USD an. D. Boral Capital fungierte als exklusiver Platzierungsagent für das Angebot, das unter einer Shelf-Registrierungserklärung auf dem Formular F-3 durchgeführt wurde, die am 3. Dezember 2024 in Kraft trat.

Positive
  • Successfully raised $3.7 million in gross proceeds
  • Completed registered direct offering with institutional investors
Negative
  • Significant share dilution with 21,013,239 new shares issued
  • Low share price of $0.1756 indicates potential market weakness
  • Additional dilution possible from pre-funded warrants

Insights

This $3.7 million registered direct offering signals significant dilution for existing shareholders, with 21,013,239 new shares being issued at a deeply discounted price of $0.1756 per share. The offering price represents a substantial discount to recent trading levels, which typically indicates weak market demand. The inclusion of pre-funded warrants with a nominal exercise price of $0.0001 adds another layer of potential dilution. For a company with a market cap of only about $13 million, this financing represents nearly 28.5% of the company's market value, suggesting urgent capital needs. While the funding provides short-term working capital, the significant dilution and discounted pricing could pressure the stock price and indicates potential financial distress.

Singapore, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (the “Company”), a Southeast Asian community-oriented e-commerce retailor with a focus on grocery and travel, today announced the closing of its previously announced registered direct offering with certain institutional investors for the sale and purchase of an aggregate of 21,013,239 of the Company’s  Class A ordinary shares, par value $0.000000385 per share (the “Shares”) (or Class A ordinary share equivalents in lieu thereof) in a registered direct offering at a purchase price of $0.1756 per share. The purchase price for the pre-funded warrants is $0.1755 to the purchase price for Shares, less the exercise price of $0.0001 per share.

The gross proceeds to the Company from the registered direct offering are estimated to be approximately $3.7 million, before deducting the placement agent’s fees and other estimated offering expenses.


D. Boral Capital LLC acted as the exclusive placement agent for the offering. Ortoli Rosenstadt LLP acted as counsel to the Company and Hunter Taubman Fischer & Li LLC acted as counsel to D. Boral Capital LLC.


The proposed offering of the securities described above is being offered by the Company pursuant to a “shelf” registration statement on Form F-3 (File No. 333-283356) filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) and declared effective by the SEC on December 3, 2024, and the accompanying prospectus contained therein.


The offering was made only by means of a prospectus supplement and accompanying prospectus. The prospectus supplement describing the terms of the public offering was filed with the SEC. Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained on the SEC’s website at http://www.sec.gov or by contacting D. Boral Capital LLC Attention: Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at syndicate@dboralcapital.com , or by telephone at +1 (212) 970-5150.


This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


About Webuy Global Ltd
Webuy Global Ltd. (Nasdaq: WBUY) is a forward-thinking, technology-driven company aimed at becoming the leading e-commerce and travel platform in Southeast Asia. Leveraging advanced AI technologies, the Company enhances its 'group buy' model by providing personalized recommendations, predictive demand analytics, and seamless community interactions. In addition, Webuy integrates AI-powered travel solutions, such as its proprietary AI Travel Consultant, to deliver personalized itineraries, group travel planning, and real-time support. These innovations streamline the traditional supply chain, foster a community-driven shopping experience, and simplify travel planning for its users. Webuy is committed to improving the lives of millions of families in Southeast Asia with high-quality, affordable products, services, and travel experiences. For more information, visit http://webuy.global


Forward-Looking Statements
This press release contains forward-looking statements regarding the Company’s current expectations. These statements are not guarantees of future performance and are subject to certain risks and uncertainties described more fully in the Company’s filings with the SEC. Forward-looking statements are made as of this date, and the Company undertakes no duty to update them, except as required by law.


FAQ

How much did Webuy Global (WBUY) raise in its December 2024 offering?

Webuy Global raised approximately $3.7 million in gross proceeds before deducting placement agent fees and other offering expenses.

What was the share price for WBUY's December 2024 registered direct offering?

The shares were offered at $0.1756 per share, with pre-funded warrants priced at $0.1755 less a $0.0001 exercise price.

How many new shares did WBUY issue in its December 2024 offering?

Webuy Global issued 21,013,239 Class A ordinary shares or share equivalents in the offering.

When did WBUY's shelf registration statement become effective?

The shelf registration statement on Form F-3 became effective on December 3, 2024.

Who was the placement agent for WBUY's December 2024 offering?

D. Boral Capital acted as the exclusive placement agent for the offering.

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