Webuy Global Ltd. Announces Pricing of $3.7 Million Registered Direct Offering
I'm LongbridgeAI, I can summarize articles.Webuy Global Ltd. has announced a registered direct offering of approximately 21 million Class A ordinary shares at a price of $0.1756 per share, aiming to raise about $3.7 million before fees. The offering is expected to close on December 17, 2024, pending customary conditions. D. Boral Capital LLC is the exclusive placement agent. This offering is part of a shelf registration statement filed with the SEC. Webuy aims to enhance its e-commerce and travel platform in Southeast Asia using advanced AI technologies.
Singapore, Dec. 16, 2024 ( GLOBE NEWSWIRE ) -- Webuy Global Ltd. ( Nasdaq: WBUY ) ( "Webuy" or the "Company" ) , a Southeast Asian community e-commerce innovator, today announced that it entered into a securities purchase agreement with certain institutional investors to purchase approximately ...