India, July 1 -- Webus International Limited (WETO) shares jumped 5.33 percent to $2.34 on Tuesday after announcing a conditional Securities Purchase Agreement with Ripple Strategy Holdings for a senior equity line of upto $100 million.
Proceeds are earmarked to support the company's XRP treasury strategy, including crypto-enabled payments, blockchain loyalty initiatives, and global growth plans. Shares traded in a wide range from $2.50 to $4.18 on volume of over 40 million, well above the 722,000 average on the Nasdaq.
The agreement, subject to regulatory approvals and underwriter consent, gives Webus flexible access to capital over 24 months, with drawdowns between $250,000 and $3 million per tranche.
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