Summary by Moomoo AI
On July 26, 2024, WeBuy Global Ltd, a foreign private issuer, reported to the U.S. Securities and Exchange Commission that it has entered into a securities purchase agreement with an accredited investor. The agreement involves the placement of a Senior Secured Convertible Note with a principal amount of up to $2,400,000, maturing 24 months post-issuance. The note, subject to an event of default, may be accelerated for immediate payment. A commitment fee of $70,000 was paid to the investor at closing. The investor has the option to convert the note into Class A ordinary shares of WeBuy Global at a conversion price of $0.213 or 150% of the VWAP on the day before issuance, with a floor price of $0.029. The conversion is limited to ensure...Show More
