Transaction Information
Webuy Global Ltd. (Nasdaq: WBUY) (the “Company”), a Southeast Asian community-oriented e-commerce retailor with a focus on grocery and travel, today announced the closing of its previously announced registered direct offering with certain institutional investors for the sale and purchase of an aggregate of 21,013,239 of the Company’s Class A ordinary shares, par value $0.000000385 per share (the “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 purchase price for the pre-funded warrants is $0.1755 to the purchase price for Shares, less the exercise price of $0.0001 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.
D. Boral Capital LLC acted as the exclusive placement agent for the offering.
About Webuy Global Ltd
Webuy Global Ltd. (Nasdaq: WBUY) is a forward-thinking, technology-driven company aimed at becoming the leading e-commerce and travel platform in Southeast Asia. Leveraging advanced AI technologies, the Company enhances its ‘group buy’ model by providing personalized recommendations, predictive demand analytics, and seamless community interactions. In addition, Webuy integrates AI-powered travel solutions, such as its proprietary AI Travel Consultant, to deliver personalized itineraries, group travel planning, and real-time support. These innovations streamline the traditional supply chain, foster a community-driven shopping experience, and simplify travel planning for its users. Webuy is committed to improving the lives of millions of families in Southeast Asia with high-quality, affordable products, services, and travel experiences. For more information, visit http://webuy.global.
About D. Boral Capital
D. Boral Capital LLC is an investment bank headquartered in New York which provides advisory and financing solutions to middle market and emerging growth companies. The Company has a proven track record of offering strategic guidance to clients across the globe in any sector, with access to capital from the USA, Asia, Europe, UAE, and Latin America.
D. Boral Capital is a leader on Wall Street, having aggregated over $23 billion in capital across approximately 300 transactions through various product types.