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Webuy Global Ltd. Announces Pricing of $3.7 Million Registered Direct Offering
Monday, 16th December at 3:55 pm
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 21,013,239 Class A ordinary 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 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. The offering is expected to close on or about December 17, 2024, subject to the satisfaction of customary closing conditions.
Monday, 16th December at 3:55 pm
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 21,013,239 Class A ordinary 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 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. The offering is expected to close on or about December 17, 2024, subject to the satisfaction of customary closing conditions.
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103181779 : Bad news?
Jaguar8 OP 103181779 : Yes
103362526 Jaguar8 OP : Will it lower the stock price?
Chhavin : Wow this might just take it back to .15 :(
小强不死 : @Jaguar8 Is this stock worth getting hold of? If you don't look at the current market sentiment, just look at how much this company is worth holding
小强不死 : I'm not very good at analyzing a company's fundamentals. What kind of data is usually needed for reference?
Jaguar8 OP 小强不死 : It’s retail company. Go to FINTEL.io and look for the financials.
101767897 小强不死 : Local Singaporean companies know that community group buying has started, and now they are doing traditional travel to buy sales at low prices, so the AI accelerators that apply for NVDIA can all be hyped up. Do you think this company can still be saved? Even more pitiful are the people who don't know the truth
小强不死 101767897 :
小强不死 101767897 : Thank you, I've stopped losing my losses, and the profits I made yesterday are all discounted here
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