Webuy Global Ltd. (Nasdaq: WBUY), a technology-driven company focused on transforming community e-commerce and travel in Southeast Asia, has successfully closed a follow-on offering of 721,918 Class A ordinary shares and pre-funded warrants to purchase up to 100,000 Class A ordinary shares to select institutional investors. The offering generated gross proceeds of approximately $3 million for the company, prior to the deduction of placement agent fees and other expenses. D. Boral Capital LLC acted as the exclusive placement agent for this transaction. The company is committed to leveraging these funds to enhance its innovative group-buy model and its AI-driven travel services in the region.
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