Webuy Global Ltd., through its 95% owned subsidiary PT Webuy Social Indonesia, has settled an accounts payable of approximately US$1.15 million by issuing 164,612 Class A ordinary shares. These shares, valued at US$6.984 each, were issued to designated individuals as part of debt settlement and mutual release agreements. This value represents 90% of the Nasdaq closing price as of May 14, 2024. The company also entered into a registration rights agreement on May 22, 2025, committing to register these shares for resale with the U.S. Securities and Exchange Commission within 45 days. The detailed agreements are available as exhibits in the company's Form 6-K report.
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