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Webuy Global ( (WBUYF) ) just unveiled an announcement.
Webuy Global Ltd. faced a delisting notice from Nasdaq due to non-compliance with the minimum bid price requirement, resulting in its shares trading on the OTC market since January 31, 2025. The company has appealed the decision and plans to present its compliance strategy, which includes a 1-for-40 reverse stock split, at a hearing on February 27, 2025. Despite these challenges, Webuy Global continues to expand its AI-driven business model and recently raised $3.6 million to enhance its AI-powered solutions in e-commerce and travel, demonstrating its commitment to shareholder value and long-term growth.
More about Webuy Global
Webuy Global Ltd. is a technology-driven company aiming to become the leading e-commerce platform in Southeast Asia. The company operates a unique ‘group buy’ model that streamlines the traditional supply chain, fostering a community-driven shopping experience to offer high-quality, affordable products and services.
YTD Price Performance: -82.94%
Average Trading Volume: 18,122,985
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.77M
For a thorough assessment of WBUYF stock, go to TipRanks’ Stock Analysis page.