Nasdaq Webus Surges on $300M XRP Strategy

Webus Files for $300M XRP Reserve Strategy, Stock Rises Pre-Market

• Webus International Limited plans a $300 million financing strategy to establish an XRP reserve.
• The initiative aims to revolutionize cross-border payments with instant, low-cost settlements.
• A Form 6-K was submitted to the US SEC, disclosing a strategic agreement with Samara Alpha Management LLC.
• Financing will utilize cash reserves, bank lending, shareholder guarantees, and institutional-backed credit facilities.
• Webus shares have decreased by approximately 40% since their Nasdaq debut but saw a pre-market increase of around 6%.

Webus International Limited is pursuing a $300 million strategy to create an XRP reserve for enhancing global payment solutions. The company filed Form 6-K with the SEC and saw its stock rise by about 6% pre-market despite previous declines.