Webuy Global Ltd

Earnings data Q2 2024

Webuy Global Ltd. engages in an e-commerce retailer with a focus on groceries and travel. Its social e-commerce community platform focuses on achieving a global reach and currently operates in Singapore and Indonesia. The company was founded by Bin Xue and Ting Ting Tan in August 2019 and is headquartered in Singapore.

NEW YORK, Dec. 19, 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, on December 17, 2024, 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.

D. Boral Capital Acted as Exclusive Placement Agent to Webuy Global Ltd (Nasdaq: WBUY) in connection with its $3.7 Million Registered Direct Offering

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.

Webuy Global Ltd. Announces Closing of $3.7 Million Registered Direct Offering

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.

Webuy Global Ltd. Announces Pricing of $3.7 Million Registered Direct Offering

U.S. stocks traded mostly higher midway through trading, with the S&P 500 gaining around 0.4% on Monday.

Crude Oil Down 1%; Webuy Global Shares Spike Higher

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.

Webuy Global Ltd. Launches Revolutionary Travel AI, Micky1.0, on WhatsApp, Delivering Travel Assistance with Ease and Precision

Singapore, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today provided a business update and announced its interim financial results for the six months ended June 30, 2024.

Webuy Global Reports Record Revenue and 253% Increase in Gross Profit for the First Half of 2024

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.

Webuy Achieves Record $2.9 Million in Sales within Just Three Days at NATAS Fair 2024

Singapore, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced it has entered into a definitive agreement for senior convertible debt (“Convertible Security”) with an initial principal amount of $2 million, and up to an additional $4 million with an accredited institutional investor (the “Investor”) upon mutual agreement.

Webuy Secures $2 Million Debt Financing Convertible at a Premium to the Current Market Price; Potential to Receive an Additional $4.0 Million Upon Mutual Agreement of the Parties

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.

Webuy Receives Extension to Regain Compliance with Nasdaq's Minimum Bid Requirements

Designed to celebrate the rich and diverse culture of Singapore Reports successful launch with plans to rapidly expand Company's own branded products within the multi-billion-dollar global gift market Singapore, June 26, 2024 (GLOBE NEWSWIRE) --  Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced the launch of its Sing Select gift series, a new line of high-quality, thoughtfully curated gift sets designed to celebrate the rich and diverse culture of Singapore.

Webuy Announces the Launch of its Sing Select Gift Series—a New Line of Premium Gift Sets

Singapore, May 28, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQ: WBUY) ("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.

Webuy Announces Strategic Expansion into Insurance Referral Program

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Singapore, May 15, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQ: WBUY) ("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 Launches Travel Business in Indonesia

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

Webuy to Present at the Emerging Growth Conference on May 9, 2024

Singapore, May 02, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQ: WBUY) ("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 .

Zacks Small-Cap Research Initiates Coverage on Webuy

Singapore, May 01, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQ: WBUY) ("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.

Webuy Announces Pricing of up to 10,000,000 of its Class A Ordinary Shares

Singapore, April 25, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQ: WBUY) ("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.

Webuy to Present at the Upcoming EF Hutton Annual Global Investor Conference on May 15, 2024, in New York City

Singapore, April 19, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd (NASDAQ: WBUY) ("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:

Webuy Announces Filing of 2023 Annual Report with the SEC, Launches Travel Business in Indonesia, and Expands into Insurance Referral Program

Singapore, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (“Webuy” or the “Company”), an emerging community e-commerce retailer with a focus on grocery and travel in Southeast Asia, today announced that on January 26, 2024, it received written notification from the Nasdaq Listing Qualifications (“Nasdaq”) for failing to maintain a minimum bid price of U.S.$1.00 per share for the last 30 consecutive business days, as required by Nasdaq Listing Rule 5550(a)(2) – bid price (the “Minimum Bid Price Rule”).

Webuy Receives Nasdaq Notification Regarding Minimum Bid Requirements

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Webuy to offer Ohmyhome's property listing, renovation and other services through its community e-commerce platform and Group Leaders Ohmyhome to offer Webuy's grocery, travel and other services through its expansive network of homeowners Singapore, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY, “Webuy”), an emerging community e-commerce retailer with a focus on grocery and travel in Southeast Asia, and Ohmyhome Ltd.

Webuy and Ohmyhome Announce Strategic Collaboration to Cross-Sell Products and Services Across Singapore

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Achieves over 1000% increase in travel services and more than 200% increase in sales of groceries in Indonesia Completes recent IPO for gross proceeds of $15.2 million, expected to fund accelerated growth across Southeast Asia Singapore, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Webuy Global Ltd (Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today provided a business update and announced interim financial results for the six months ended June 30, 2023 ("1H 2023"). Vincent Xue Bin, Chief Executive Officer and Co-Founder of Webuy Global stated, “I am pleased to report we achieved a.

Webuy Global Limited Reports 62% Increase in Revenue to $24.4 Million for the First Half of 2023

Strategic acquisition intended to expand the company's foothold in Indonesia and SE Asia TSU generated sales of approximately $15 million in 2022 with track record of profitability Singapore , Dec. 06, 2023 (GLOBE NEWSWIRE) -- Webuy Global Ltd (Nasdaq: WBUY) (“Webuy” or the “Company”), an emerging community e-commerce retailer with a focus on grocery and travel in Southeast Asia, today announced it has entered into a non-binding Memorandum of Understanding (“MOU”) to acquire controlling interest in PT. Tiga Sakti Utama (“TSU”), a leading importer and wholesaler of fruits in Surabaya, Indonesia.

News for Webuy Global Ltd Stock (WBUY)