Webuy Global Plunges 13.95% on Share Offering
On July 31, 2025, Webuy GlobalWBUY-- experienced a significant drop of 13.95% in pre-market trading, reflecting a notable decline in investor sentiment.
Webuy Global has announced a follow-on offering, selling 721,918 Class A shares and 100,000 pre-funded warrants at $3.65 per share. This move is aimed at raising approximately $3 million in capital, indicating the company's ongoing need for funds while potentially diluting existing shareholders.
The company's decision to raise capital through a share offering suggests a strategic effort to bolster its financial position. However, the market's reaction, as evidenced by the pre-market drop, highlights investor concerns about potential dilution and the company's financial health.

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