Summary by Moomoo AI
WeBuy Global Ltd entered into a securities purchase agreement on December 16, 2024, to raise approximately $3.7 million in a registered direct offering. The company will issue 5,372,792 Class A ordinary shares at $0.1756 per share and pre-funded warrants to purchase up to 15,640,447 shares at $0.1755 per share, less a $0.0001 exercise price.The offering closed on December 17, 2024, with D. Boral Capital LLC acting as the exclusive placement agent. WeBuy Global intends to use the net proceeds for working capital and general corporate purposes. The company's directors and executive officers agreed to a 90-day lock-up period, and WeBuy committed to certain restrictions on future offerings and transactions.The securities were offered under a previously filed and effective registration statement. This financing strengthens WeBuy Global's position as a Southeast Asian community e-commerce innovator, supporting its AI-driven group buy model and travel solutions.
