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Webuy Global Ltd, a retail company with a market capitalization of $17.67 billion and a "GOOD" InvestingPro Financial Health score, has settled outstanding debts of its subsidiary, PT Webuy Social Indonesia ("PTWB"), by issuing shares to designated individuals. On Monday, the company entered into debt settlement and mutual release agreements to resolve PTWB’s accounts payable totaling $1,149,651.91. This move aligns with the company’s conservative debt management approach, maintaining a healthy total debt-to-capital ratio of 0.17 and a strong current ratio of 4.95.
The settlement, finalized on Thursday, May 19, 2025, involved issuing 164,612 Class A ordinary shares valued at $6.984 each, which is 90% of the Nasdaq closing price on May 14, 2024. Additionally, a Registration Rights Agreement was signed on Wednesday, May 22, 2025, committing the company to register these shares with the SEC for resale within 45 days. For deeper insights into Webuy’s financial position and 12+ additional exclusive ProTips, visit InvestingPro.
The terms of the agreements and the Registration Rights Agreement are detailed in exhibits 10.1 and 10.2, attached to the Form 6-K filed with the SEC. These documents provide a full description of the parties’ rights and obligations under the agreements.
This move by Webuy Global Ltd is part of the company’s efforts to manage its financial liabilities and maintain operational stability. The information is based on a press release statement from the company.
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