Webuy Receives Nasdaq Notification Regarding Minimum Bid Requirements

January 29, 2024

https://www.globenewswire.com/news-release/2024/01/29/2819461/0/en/Webuy-Receives-Nasdaq-Notification-Regarding-Minimum-Bid-Requirements.html

Singapore, Jan. 29, 2024 (GLOBE NEWSWIRE) — Webuy Global Ltd. (Nasdaq:WBUY) (“Webuy” or the “Company”), an emerging community e-commerce retailer with a focus on grocery and travel in Southeast Asia, today announced that on January 26, 2024, it received written notification from the Nasdaq Listing Qualifications (“Nasdaq”) for failing to maintain a minimum bid price of U.S.$1.00 per share for the last 30 consecutive business days, as required by Nasdaq Listing Rule 5550(a)(2) – bid price (the “Minimum Bid Price Rule”).

Read more at globenewswire.com

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