WEBUY GLOBAL LTD's January 2025 Form 6-K: Capital Raising Insights

Here are the key insights extracted from the provided section of the financial report:

1. Company Overview:

• Name: WEBUY GLOBAL LTD
• Location: 35 Tampines Street 92, Singapore 528880
• SEC Commission File Number: 001-41840

2. Report Type:

• This is a Form 6-K, which is a report of a foreign private issuer filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.

3. Date of Report:

• The report is dated January 6, 2025, and pertains to activities for the month of January 2025.

4. Securities Offering:

• On December 16, 2024, WEBUY GLOBAL LTD entered into a securities purchase agreement with institutional investors for a registered direct offering.
• The offering included:
• • 5,372,792 shares of Class A ordinary shares at a purchase price of $0.1756 per share.
  • Pre-funded warrants to purchase up to 15,640,447 Class A ordinary shares at a purchase price of $0.1755 (less an exercise price of $0.0001 per share).

5. Warrant Exercise:

• On December 17, 2024, the company issued 8,872,792 Class A ordinary shares and pre-funded warrants to purchase 12,140,447 shares following a notice of exercise.
• Between December 20, 2024, and January 3, 2025, the company issued an additional 12,140,447 Class A ordinary shares based on five notices of exercise of the pre-funded warrants.

6. Outstanding Shares:

• After these transactions, the total number of Class A ordinary shares issued and outstanding as of the report date is 71,337,304 shares.

7. Signatory:

• The report is signed by Bin Xue, Chief Executive Officer of WEBUY GLOBAL LTD.

In summary, WEBUY GLOBAL LTD has been active in capital raising through a registered direct offering and warrant exercises, and the current total shares outstanding is 71.3 million. This reflects a significant increase in share volume due to these transactions.