CEO Bin Xue Buys 138,370 Class B Shares at $0.68, Lifting Voting Control to 47.4%
WBUY is trading near its 52-week low of $0.623 (2.6% above the low).
Summary
CEO Bin Xue bought 138,370 Class B shares at $0.68 for $94,091.6, taking his aggregate voting power to 47.4% of Webuy Global. The cash is modest; the near-majority voting bloc is the material change.
Key Events · Ownership and Investor Activity · WBUY
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CEO Subscribes for Class B Shares
Bin Xue purchased 138,370 Class B ordinary shares at US$0.68 per share, the October 21, 2026 Nasdaq closing price of the Class A shares, for total consideration of US$94,091.6.
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Voting Control Reaches 47.4%
The new shares carry about 14.7% of aggregate voting power; combined with 300,000 Class A and 416,666 Class B shares, Bin Xue now holds 47.4% of the aggregate vote.
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Regulation S Offshore Issuance
Shares were sold to a non-U.S. person in an offshore transaction under Regulation S and are restricted securities for an affiliate of the Company.
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Context: Nasdaq Bid-Price Notice
The subscription was priced at $0.68 while the stock trades near its 52-week low of $0.6225, after the 2026-09-18 Nasdaq notice of 30 consecutive days below $1.00.
Analysis · WBUY · Trade & Services
The CEO put $94,091.6 of his own money into the company at the October 21 closing price of $0.68, and the Class B shares carry enough votes to push his aggregate voting power to 47.4%. That is close to outright control of the shareholder vote, which matters because the stock is trading near its 52-week low of $0.6225 and the company received a Nasdaq $1.00 bid-price notice on 2026-09-18. The cash is small relative to the company's needs, so the real story is governance: a single insider now controls nearly half the votes, and minority holders have correspondingly less say. The shares were sold under Regulation S to a non-U.S. person, so they were not registered.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 29.2% of the 1549 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.17%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WBUY was trading at $0.64 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $3.5M. The 52-week trading range was $0.62 to $4.96. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.