Webuy Global settles US$557,290 payables with 728,484 Class A shares issuance
WBUY•Webuy Global to issue shares to settle payables
- Webuy Global will settle WTP accounts payable of USD 557,289.87 by issuing 728,484 Class A ordinary shares.
- Shares are priced at USD 0.77 each, set at 85% of the Aug. 11 Nasdaq close.
- Issuance is scheduled for Aug. 27 to Mao Hongliang, acting for designated creditors.
- New shares represent 12.28% of outstanding stock, based on 5,202,808 shares currently issued.
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