Webuy Global Settles Debt with Equity Issue

Webuy Global Ltd. (WBUY) has released an update.

Webuy Global Ltd. has effectively managed its debt by issuing nearly one million Class A ordinary shares to settle $400,000 in loans acquired by its subsidiary, New Retail. The shares, pegged to the Nasdaq closing price on May 3, 2024, were distributed equally between the two lenders, subject to regulatory restrictions. This strategic move leverages the company’s equity to satisfy outstanding financial obligations, potentially impacting its stock valuation.

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