WEBUY GLOBAL LTD announced a private placement and entered into a securities purchase agreement with an accredited investor Lind Global Fund II LP to issue a Senior Secured Convertible Note with a maturity date of 24 months after the issuance thereof in the aggregate principal amount of up to $2,400,000 on July 25, 2024. The Investor may convert the Note in its sole discretion to Company?s Class A ordinary shares at $0.213, or 150% of the VWAP of the Class A ordinary shares on the trading day preceding the Note issuance, provided that the conversion price may not be less than $0.029 (the ?Floor Price?). The Investor may not convert any portion of a Note if such conversion would result in the Investor beneficially owning more than 4.99% (the ?Maximum Percentage?) of Company?s then issued and Class A ordinary shares, provided, if at any time after the date hereof the Investor beneficially owns in excess of 4.99% of the Class A ordinary shares in the Company that is registered under the 1934 Act or exempt from the registration and qualification requirements under the 1933 Act, then the Maximum Percentage shall automatically increase to 9.99%.

The Company has also agreed to register for resale the Class A ordinary shares underlying the Note with the U.S. Securities and Exchange Commission pursuant to the Agreement. The notes bear zero coupon rate and matures on July 27, 2026.