Articles from Webuy Global Limited

Singapore, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (the “Company”), today announced that it received a letter on January 22, 2025, from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company has not regained compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”), which requires listed securities to maintain a minimum bid price of $1.00 per share. As a result, the Nasdaq staff has issued a Staff Delisting Determination, and the trading of the Company’s Class A ordinary shares will be suspended at the opening of business on January 29, 2025.

Singapore, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), is proud to announce its inclusion in the prestigious Singapore’s Fastest-Growing Companies 2025, a ranking compiled by The Straits Times and Statista. This recognition highlights Webuy’s exceptional revenue growth and unwavering commitment to innovation and operational excellence between 2020 and 2023.

Singapore, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (Nasdaq: WBUY) (the “Company”) is pleased to announce the remarkable success of its recent Disney cruise campaign, powered by its revolutionary Micky1.0 Travel AI on WhatsApp. By seamlessly integrating advanced AI technology with personalized customer service, Webuy demonstrated its ability to drive significant customer engagement and financial results.

Singapore, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (the “Company”), a Southeast Asian community-oriented e-commerce retailor with a focus on grocery and travel, today announced the closing of its previously announced registered direct offering with certain institutional investors for the sale and purchase of an aggregate of 21,013,239 of the Company’s  Class A ordinary shares, par value $0.000000385 per share (the “Shares”) (or Class A ordinary share equivalents in lieu thereof) in a registered direct offering at a purchase price of $0.1756 per share. The purchase price for the pre-funded warrants is $0.1755 to the purchase price for Shares, less the exercise price of $0.0001 per share.

Singapore, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce innovator, today announced that it entered into a securities purchase agreement with certain institutional investors to purchase approximately 21,013,239 Class A ordinary shares (or Class A ordinary share equivalents in lieu thereof) in a registered direct offering at a purchase price of $0.1756 per share.

Singapore, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce innovator, is excited to announce its advancement to the next phase of NVIDIA’s AI Accelerator Program. This milestone reflects Webuy’s commitment to leveraging advanced AI technologies to enhance its offerings and deliver exceptional value to its customers.

Singapore, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce innovator, is thrilled to announce the launch of its cutting-edge Travel AI, Micky1.0. This tool, available through WhatsApp, helps simplify travel planning and provides personalized support whenever and wherever it is needed.

Singapore, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced it generated a record $2.9 million in sales over three days at this year’s NATAS Fair 2024, driven by its "Travel with Webuy" tour packages.

Use of proceeds intended to accelerate growth strategy

Singapore, July 26, 2024 (GLOBE NEWSWIRE) --  Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced that, following the receipt of a written notice from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (“Nasdaq”) on January 26, 2024 regarding the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”) for continued listing on the Nasdaq Capital Market, it received written notification from Nasdaq, providing an additional 180 calendar days, or until January 21, 2025, to regain compliance with the minimum bid price of U.S. $1.00, as required by Nasdaq Listing Rule.

Designed to celebrate the rich and diverse culture of Singapore

Singapore, May 28, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQWBUY) ("Webuy" or the "Company"), a Southeast Asian community e-commerce retailer, today announced its strategic expansion into an insurance referral program to deliver insurance solutions to markets across Asia.

Singapore, May 15, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQWBUY) ("Webuy" or the "Company"), a Southeast Asian community e-commerce retailer, today announced the launch of its travel business in Indonesia, as it expands its presence in the growing Southeast Asian tourism market.

Webuy invites individual and institutional investors, as well as advisors and analysts, to attend its real-time, interactive presentation at the Emerging Growth Conference.

Singapore, May 02, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQWBUY) ("Webuy" or the "Company"), a Southeast Asian community e-commerce retailer, today announced that Zacks Small-Cap Research ("Zacks") has initiated equity research coverage on the Company. The full equity research report is available on the Zacks website here.

Singapore, May 01, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQWBUY) ("Webuy" or the "Company"), a Southeast Asian community e-commerce retailer, today announced the pricing of its self-underwritten offering of up to 10,000,000 of its Class A Ordinary shares, which are being offered by the Company directly to select investors at $0.29 per share.

Singapore, April 25, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQWBUY) ("Webuy" or the "Company"), a Southeast Asian community e-commerce retailer, will attend and present at the EF Hutton Annual Global Conference in New York on May 15, 2024.

Singapore, April 19, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQWBUY) ("Webuy" or the "Company"), a Southeast Asian community e-commerce retailer, today announces that on April 15, 2024, the Company filed its 2023 annual report (20-F) with the SEC. Notable recent events include the Company’s launch of a travel business line in Indonesia and expansion into an insurance referral program. Key highlights of the Company’s 2023 financial achievements follow: