Webus International Partners for $100 Million in Equity Line
Webus International Secures Major Funding for Growth
HANGZHOU, China — Webus International Limited (NASDAQ: WETO), known for its innovative AI-driven mobility solutions, has announced a breakthrough in its growth strategy by partnering with Ripple Strategy Holdings. This collaboration has secured a conditional Securities Purchase Agreement that provides a senior equity line of credit of up to US$100 million.
Funding Availability and Conditions
Access Over 24 Months
This significant financial commitment will be accessible over a 24-month period, allowing Webus to draw down amounts ranging from $250,000 to $3 million per tranche. The accessibility of these funds is subject to specific conditions, including the effectiveness of a registration statement filed with the SEC and obtaining consent from the company’s existing underwriter.
Shareholder-Friendly Structure
Designed with shareholder interests in mind, this funding structure features market-based pricing and offers downside protection. This flexibility not only aims to minimize shareholder dilution but also enables the company to raise capital strategically based on its needs.
Strategies for XRP Treasury Growth
The capital raised is earmarked to bolster the growth of Webus's XRP treasury strategy. This includes the development of crypto-enabled payment solutions, blockchain-based loyalty programs, and additional initiatives that support its global expansion efforts. With this approach, Webus is positioned to push the boundaries of what luxury transportation can offer and further integrate into the blockchain ecosystem.
Leadership Insights
According to Nan Zheng, Chief Executive Officer of Webus, this investment reflects notable confidence in their long-term XRP strategy. Zheng stated, "This facility allows us the flexibility to strategically raise capital when necessary, thereby minimizing the dilution of our shareholders. Our goal is to accelerate growth in both North America and the Asia-Pacific regions while enhancing our standing in the crypto-powered premium mobility sector."
About Webus International Limited
Webus International Limited is a leader in delivering AI-driven mobility solutions, focusing on premium, customizable chauffeur services for travelers worldwide. Their unique Mobility-as-a-Service (MaaS) model provides tailored transportation experiences using a fleet of luxury vehicles paired with professional chauffeurs.
Flagship Services
The flagship brand, Wetour, specializes in high-end travel services such as airport transfers, intercity travel, private guided tours, and luxury-chartered services tailored for both business and leisure travelers.
Innovative Treasury Strategies
Webus is also advancing its innovative treasury strategies through a Delegated Digital-Asset Management Agreement, potentially leading to future XRP treasury operations capped at US$300 million. This initiative positions the Company to leverage blockchain technology effectively, enabling seamless cross-border payment solutions to support its global expansion.
Contact Information
For further inquiries, investors can reach out to Annabelle Li, Investor Relations at Webus International Limited, through email at ir.annabelle@webus.vip.
Frequently Asked Questions
What is the purpose of the $100 million funding?
The funding aims to accelerate Webus's growth in its XRP treasury strategy and support various initiatives for global expansion.
Who is leading the partnership?
The partnership is led by Ripple Strategy Holdings, providing the equity line of credit to Webus International Limited.
How will the funding be accessed?
Webus will have access to the funds over a 24-month period, with drawdowns ranging from $250,000 to $3 million depending on their capital needs and market conditions.
What are the expectations from Webus's management?
Management expects that the funding will facilitate strategic capital raises while minimizing shareholder dilution, helping to expand across key markets.
How is Webus positioned in the mobility market?
Webus is recognized as a leading provider in AI-driven mobility solutions, focusing on high-quality, personalized chauffeur services globally, thus enhancing its market position.
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