Singapore, Jan. 28, 2025 — Webuy Global Ltd. (Nasdaq: WBUY) announced today that it received notification on January 22, 2025, from Nasdaq that it hadn’t met the minimum bid price requirement (Nasdaq Listing Rule 5550(a)(2)). This rule mandates a minimum $1.00 per share bid price. Consequently, Nasdaq initiated a Staff Delisting Determination, suspending trading of the Company’s Class A ordinary shares starting January 29, 2025.

The Minimum Bid Price Rule necessitates a closing bid price of at least $1.00 per share for ten consecutive business days. Despite efforts, Webuy Global failed to meet this requirement within the given timeframe—an initial 180-day period ending July 25, 2024, and a subsequent 180-day extension ending January 21, 2025.

The Company plans to appeal Nasdaq’s decision by requesting a hearing before a Nasdaq Hearings Panel. This request must be submitted by 4:00 p.m. Eastern Time on January 29, 2025. Hearings usually occur 30-45 days after the request is filed.

Following the suspension, Webuy Global’s Class A ordinary shares are anticipated to trade over-the-counter (OTC) pending the Panel’s decision on reinstatement. The Company will strive to regain compliance with the Minimum Bid Price Rule, though success isn’t guaranteed, nor is continued compliance with other Nasdaq listing criteria.

The Company remains dedicated to its operations and strategic goals while addressing this issue.

About Webuy Global Ltd.

Webuy Global Ltd. is a technology-driven company aiming to be Southeast Asia’s leading e-commerce and travel platform. Using AI, it enhances its ‘group buy’ model with personalized recommendations, predictive analytics, and community features. Webuy also integrates AI-powered travel solutions, including an AI Travel Consultant, offering personalized itineraries and support. These innovations streamline supply chains, enhance the shopping experience, and simplify travel planning. Webuy is committed to providing affordable, high-quality products and travel experiences to Southeast Asian families. For more information, visit

Forward-Looking Statements
This press release includes forward-looking statements about the Company’s expectations. These statements aren’t guarantees of future performance and are subject to risks and uncertainties detailed in the Company’s SEC filings. Forward-looking statements are current as of today; the Company isn’t obligated to update them unless legally required.

CONTACT: Webuy Global Ltd.
Email: ir@webuy.global