Webuy Stock Resumes Trade With Share Overhang After Holiday Pause
Webuy Global Ltd faces another share-supply overhang as trading resumes Tuesday, after losing about 5% last week while major indexes rose. A recent prospectus allows Dogwood Partners to resell up to 50.2 million Class A shares, compared to 5.2 million outstanding. WBUY closed Friday at $1.13 with thin volume. The company has shifted its main business to travel, reporting $3.34 million in bookings at a recent fair.