Business Context and Reporting Period
Company: WEBUY GLOBAL LTD
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: January 2025 (Event date: January 6, 2025)
Principal Executive Offices: 35 Tampines Street 92, Singapore 528880
This filing reports the completion of a Registered Direct Offering and subsequent exercises of pre-funded warrants initiated in December 2024 and finalized in early January 2025.
Key Financial Metrics and Capital Structure
The filing details a capital raise through the issuance of Class A Ordinary Shares and Pre-Funded Warrants. Specific revenue, profit, cash flow, or debt metrics are not provided in this text.
| Transaction Component | Quantity | Price Details |
|---|---|---|
| Class A Ordinary Shares (Initial) | 5,372,792 | $0.1756 per share |
| Pre-Funded Warrants (Initial) | 15,640,447 | $0.1755 per share (less $0.0001 exercise price) |
| Shares Issued (Dec 17 Exercise) | 8,872,792 | From 3,500,000 Warrant Shares |
| Shares Issued (Jan 3 Exercise) | 12,140,447 | From remaining Pre-Funded Warrants |
| Total Outstanding Shares | 71,337,304 | As of Jan 6, 2025 |
Material Changes
- Capital Raise Execution: The Company entered into a Purchase Agreement on December 16, 2024, with institutional investors.
- Share Issuance: A total of 26,385,631 new Class A Ordinary Shares were issued between December 17, 2024, and January 3, 2025, resulting from the initial sale and the full exercise of pre-funded warrants.
- Dilution: The total number of outstanding Class A Ordinary Shares increased to 71,337,304.
Outlook, Risks, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard disclosure of the securities transaction. The document focuses strictly on the mechanics and completion of the share issuance.
Investor Verification Checklist
- Verify the total gross proceeds raised from the Registered Direct Offering and warrant exercises.
- Confirm the use of proceeds as disclosed in the full Purchase Agreement or related press releases.
- Review the impact of the 26.4 million new shares on existing shareholder dilution.
- Check for any lock-up agreements or registration rights granted to the institutional purchasers.