WeTrade enters securities purchase agreements

WeTrade Group announced that it has entered into those certain securities purchase agreements with certain accredited investors for the sale and issuance of a new series of senior secured convertible notes in the original principal amount of $18,333,333.33 and common stock purchase warrants to purchase up to 25% of the shares of common stock underlying the Notes at initial exercise of $1.00 per share, subject to adjustment, subject to customary closing conditions. The net proceeds, after original issue discount will total $16.5M. The transaction has not been closed as of the date hereof. Univest Securities served as the sole placement agent in the transaction.