Webuy Announces Pricing of up to 10,000,000 of its Class A Ordinary Shares
April 30 2024 - 5:00PM
Webuy Global Ltd (NASDAQ: WBUY) ("Webuy" or the "Company"), a
Southeast Asian community e-commerce retailer, today announced the
pricing of its self-underwritten offering of up to 10,000,000 of
its Class A Ordinary shares, which are being offered by the Company
directly to select investors at $0.29 per share.
A registration statement on Form F-1 (File No.
333-278744), was filed with the Securities and Exchange Commission
("SEC") and was declared effective on April 29, 2024. A final
prospectus relating to the offering will be filed with the SEC and
will be available on the SEC's website at http://www.sec.gov.
The offering was made only by means of a
prospectus, which is available on the SEC website at:
http://www.sec.gov.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Webuy Global Ltd
Webuy Global Ltd (Nasdaq: WBUY) is an
innovative, technology-focused company with the goal of building
the most trusted retail brand and advanced e-commerce platform in
Southeast Asia, designed to leverage data in order to provide a
community-driven experience for consumers. The Company's
unique 'group buy' business model is set to revolutionize
traditional shopping practices, by offering substantial cost
savings to customers through an efficient purchasing model and
community-centric approach. Akin to group purchases and bulk
orders, this approach simplifies the process for customers,
eliminating the need for individual bulk purchases. Furthermore,
the Company’s business model streamlines the traditional supply
chain by minimizing the involvement of intermediaries, thereby
offering a more direct "farm-to-table" supply model. The
Company’s vision is to enable the ten million families in Southeast
Asia to live a healthier, higher-quality lifestyle. Additional
information about the Company is available at
http://webuy.global/
Forward-Looking Statements
This press release contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to" or other
similar expressions. The Company may also make written or oral
forward-looking statements in its reports filed with, or furnished
to, the U.S. Securities and Exchange Commission, in its annual
reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company’s goals and strategies; the Company’s future
business development; financial condition and results of
operations; product and service demand and acceptance; reputation
and brand; the impact of competition and pricing; changes in
technology; government regulations; fluctuations in general
economic and business conditions in U.S., Singapore and Indonesia
and assumptions underlying or related to any of the foregoing and
other risks contained in reports filed by the Company with the SEC.
For these reasons, among others, investors are cautioned not to
place undue reliance upon any forward-looking statements in this
press release. Additional factors are discussed in the Company’s
filings with the SEC, which are available for review at
www.sec.gov. We are not obligated to publicly update or revise any
forward-looking statement, whether as a result of uncertainties and
assumptions, the forward-looking events discussed in this press
release and other statements made from time to time by us or our
representatives might not occur.
Contacts
Investor Relations
Robin Yang, Partner
ICR, LLC
Email: Webuy.IR@icrinc.com
Phone: +1 (646) 880-9057
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