Webus International (WETO) signed a conditional Securities Purchase Agreement with Ripple Strategy Holdings for a senior equity line of credit of up to $100M. Subject to the effectiveness of a registration statement with SEC, and the receipt of consent from the Company’s existing underwriter, the $100M commitment will be available at the Company’s discretion over a 24-month period, with drawdowns ranging from $250,000 to $3M per tranche, depending on market conditions and capital needs. The structure is designed to be shareholder-friendly, featuring competitive, market-based pricing with downside protection. The proceeds are expected to support the growth of Webus’s XRP treasury strategy, including crypto-enabled payments, blockchain-based loyalty programs, and other initiatives tied to its global expansion.
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