Webuy Global Ltd 6-K, filed Jan 17, 2025
Webuy Global Ltd (WBUY)
About this 6-K
Webuy Global Ltd filed this 6-K on January 17, 2025.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2025
Commission File Number: 001-41840
WEBUY GLOBAL LTD
35 Tampines Street 92
Singapore 528880
+65 8859 9762
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
On January 13, WEBUY GLOBAL LTD (the “Company”) entered into a debt settlement agreement (the “Agreement”) with its wholly-owned subsidiary, New Retail International Pte. Ltd. (“New Retail”), and a shareholder, to settle the accrued and outstanding interest in the amount of $124,055.56 arose out of a convertible loan between New Retail and the shareholder. Pursuant to the Agreement, New Retail had repaid all the principal amount of the convertible loan, and the Company would assume the remaining outstanding interest by issuing 932,849 Class A ordinary shares to the shareholder at $0.133 per Class A ordinary share, which was 85% of the closing price of the Company on January 9, 2025. On January 14, the Company issued the shares to the shareholder.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| WEBUY GLOBAL LTD | |||
| Date: January 17, 2025 | By: | /s/ Bin Xue | |
| Name: | Bin Xue | ||
| Title: | Chief Financial Officer | ||
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