Webus International Ltd., a leader in AI-driven mobility solutions, is set to expand its operations across North America and the Asia-Pacific region. The company has secured a conditional Securities Purchase Agreement with Ripple Strategy Holdings, offering a senior equity line of credit worth up to $100 million. This funding is aimed at accelerating Webus's XRP treasury strategy, which includes initiatives like crypto-enabled payments and blockchain-based loyalty programs. The agreement allows for flexible capital raising, with drawdowns between $250,000 to $3 million, contingent on market conditions and capital needs. CEO Nan Zheng expressed confidence in the company's long-term XRP strategy, emphasizing the strategic flexibility the funding provides.
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