STOCK TITAN

Webuy Global: Zheng Mingjie buys roughly 21.7% stake

The subscription price was set at 90% of the five-trading-day VWAP preceding closing, producing a stated price of $0.8776 per share.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

WEBUY GLOBAL LTD (WBUY) reported that Zheng Mingjie acquired 1,139,472 Class A ordinary shares through a PIPE transaction under a securities subscription agreement dated February 19, 2026. The issuer issued the shares for an aggregate purchase price of US$1,000,000; the price was $0.8776 per share, calculated as 90% of the five-trading-day VWAP immediately preceding closing. As of the statement, Zheng directly held all 1,139,472 shares, representing approximately 21.69% of outstanding Class A ordinary shares, with sole voting and dispositive power. He said he acquired the shares for investment purposes and may review the investment, acquire additional shares, sell shares, or communicate with issuer stakeholders, subject to agreements and applicable legal requirements.

Class A ordinary shares acquired 1,139,472 shares PIPE transaction
Aggregate purchase price US$1,000,000 PIPE transaction
Purchase price per share $0.8776 PIPE transaction
Pricing formula 90% of VWAP Five-trading-day VWAP immediately preceding closing
Ownership of outstanding Class A ordinary shares 21.69% As of the statement
Ownership of issued and outstanding Class A ordinary shares 23.24% At the time the PIPE shares were issued
PIPE financial
"acquired ... in connection with the PIPE transaction"
A PIPE (private investment in public equity) is a deal in which institutional or accredited investors buy shares or convertible securities directly from a publicly traded company, usually at a discount to the market price. Companies use PIPEs to raise money faster than through a traditional public offering; for existing shareholders they matter because the newly issued shares add to the share count and can dilute ownership.
VWAP financial
"five (5)-trading day VWAP"
VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.
sole dispositive power regulatory
"has sole voting power and sole dispositive power"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
beneficially own regulatory
"may be deemed to beneficially own 1,139,472 Class A ordinary shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many WBUY shares did Zheng Mingjie acquire, and what stake does he hold?

He acquired 1,139,472 Class A ordinary shares in a PIPE transaction. As of the statement, he directly held those shares, representing approximately 21.69% of outstanding Class A ordinary shares, with sole voting and dispositive power.

What did Zheng Mingjie pay per WBUY share in the PIPE?

The aggregate purchase price was US$1,000,000, and the purchase price per share was $0.8776. The subscription formula set the price at 90% of the five-trading-day VWAP immediately preceding closing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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G9513S110

(CUSIP Number)
Zheng Mingjie
No. 16, Guanri West 2nd Lane, Room 1403 HLAi District
Xiamen Fujian, F4, 361000
86-13805938278


Ortoli Rosenstadt LLP
366 Madison Ave, 9th floor
New York, NY, 10036
1-212-588-0022

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
10/08/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D






SCHEDULE 13D


Zheng Mingjie
Signature:/s/ Zheng Mingjie
Name/Title:Zheng Mingjie
Date:10/09/2026

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