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 ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
On October 18, 2023, WBEUY GLOBAL LTD, a Cayman Islands exempted company (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”), as the representative of the underwriters listed on Schedule A thereto (the “Representative”) in connection with the initial public of 3,800,000 ordinary shares of the Company at an offering price of $4.00.
Pursuant to the Underwriting Agreement, the Company also granted the underwriters a 45-day option to purchase up to 570,000 ordinary shares at the Public Offering Price, less the underwriting discount, to cover over-allotment, if any (the “Over-Allotment Option”).
On November 3, 2023, the Representative exercised the Over-Allotment Option in full to purchase an additional 150,000 ordinary shares. The Company received $546,000 in net proceeds from the full exercise of the Over-Allotment Option, after deducting underwriting discounts and other estimated expenses payable by the Company. The closing of the Over-Allotment Option took place on November 7, 2023.
SIGNATURES
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: November 7, 2023
By:
/s/ Bin Xue
Name:
Bin Xue
Title:
Chief Executive Officer
2
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