IPO - WEBUY GLOBAL LTD

Form Type: F-1

Filing Date: 2025-06-25

Corporate Action: Ipo

Type: New

Accession Number: 000121390025057745

Filing Summary: WEBUY GLOBAL LTD is filing a registration statement seeking to offer a public offering of up to $10 million of its Class A ordinary shares and pre-funded warrants for its Class A shares. The offering aims to make the securities available for public investment, providing a new opportunity for investors to gain equity in the company. WEBUY is an emerging e-commerce retailer focusing on community-driven grocery and travel sales across Southeast Asia. The company is incorporated in the Cayman Islands and operates through subsidiaries located in Singapore and Indonesia. The filing indicates preparations to attract capital for further business expansion, leveraging a community e-commerce model based on group purchases—aiming to reduce user acquisition costs and enhance market reach. The document outlines key terms of the offering, including pricing structure, expected use of proceeds, and details concerning the ownership structure of Class A and Class B shares. The filing serves as a critical step in establishing a public trading presence on the Nasdaq Capital Market under the ticker symbol 'WBUY'.

Form Type: DRS

Filing Date: 2025-06-09

Corporate Action: Ipo

Type: New

Accession Number: 000121390025052285

Filing Summary: WEBUY GLOBAL LTD filed a draft registration statement on Form F-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO) of its Class A Ordinary Shares. The filing indicates an offering of up to $10,000,000 worth of shares and includes potential issuance of pre-funded warrants for purchasers exceeding a certain ownership percentage. Each Class A share carries one vote, while each Class B share carries ten votes and can be converted into a Class A share. The company has engaged D. Boral Capital LLC as its exclusive placement agent for the offering. The document outlines the company's structure as a holding entity with subsidiaries in Singapore and Indonesia, emphasizing its community-based e-commerce model focused on grocery and travel. The offering will be conducted on a best-efforts basis, without a minimum offering condition, raising concerns about the adequacy of funds raised for business objectives.