Wed Jan 29 10:49:41 IST 2025: ## Webuy Global (WBUY) Stock Suspended from Nasdaq, Company to Appeal

**Singapore, January 29, 2025** – Webuy Global Ltd. (Nasdaq: WBUY), a Southeast Asian e-commerce and travel platform, announced today that its Class A ordinary shares will be suspended from trading on Nasdaq effective immediately. The suspension follows a Nasdaq Staff Delisting Determination due to the company’s failure to maintain a minimum bid price of $1.00 per share for the required 10 consecutive business days.

Webuy Global had been granted two 180-day extensions to regain compliance but ultimately fell short of the Nasdaq Listing Rule 5550(a)(2) requirements. The company is appealing the delisting determination and will request a hearing before a Nasdaq Hearings Panel. The hearing request must be submitted by 4:00 p.m. ET today.

Pending the outcome of the hearing, which is expected to take place within 30-45 days of the request, Webuy Global’s shares will trade over-the-counter (OTC). While the company plans to appeal and regain compliance, it offers no guarantees of success.

Webuy Global, which utilizes AI technology to enhance its group-buying model and provide travel services, maintains its commitment to its business operations and strategic initiatives in Southeast Asia. The company emphasizes its dedication to offering affordable products and travel experiences to millions of families in the region.

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