SABUY is relentlessly expanding its business, recently concluding <\/span>two major deals to pave the way for a full-scale entry into the Software business by acquiring a 51% stake in iSoftel, while also venturing into Digital Marketing and Media by holding a 50% stake in Oops Network. Generously, SABUY is distributing SABUY-W2 to shareholders at a ratio of 5:2 with an exercise price of 5 Baht.<\/span><\/p>

           Mr. Chookiat Rujjanapornpajee, CEO of SABUY Technology Public Company Limited, <\/strong>stated that <\/span>“The company’s board of directors has approved the expansion of our Technology business by acquiring a 51% stake in iSoftel (Thailand) Co., Ltd. (“<\/span>iSoftel”) <\/span>, a pioneer in Telephony and Call Center Software, through the issuance of 8,742,857 new shares at an offering price of 28 Baht per share, totaling 244,800,000 Baht.<\/span><\/p>

          Additionally, SABUY is further expanding SABUYVERSE by entering the Digital Agency & Digital Media business through a 50% stake in Oops Network Co., Ltd. and Redhouse Digital Co., Ltd. Oops Network is a leading online business media owner of the website Marketing oops, the number one media outlet for Digital Business, Tech, and Marketing, providing knowledge on new business and marketing strategies through creative content in various formats, including articles, graphics, videos, podcasts, and seminars in collaboration with major exclusive partners like Facebook, LINE, and TikTok. Meanwhile, Redhouse Digital, part of Oops Network, offers strategy and solutions for digital marketing production for leading brands in Thailand and abroad. SABUY believes that this opportunity as a Business Partner will effectively support the businesses within the SABUY group and strengthen the SABUYVERSE ecosystem further.” <\/span><\/p>

Mr. Chookiat added that <\/strong>“The company intends to issue and offer warrants to purchase common shares to existing shareholders in proportion to their shareholding (Rights Offering) for the second time (“SABUY-W2 New Warrants<\/strong>”) instead of issuing and offering the previous SABUY-W2 warrants that were proposed for cancellation. This is aimed at preparing and strengthening the company’s financial position to ensure financial flexibility for future projects and to reserve funds for working capital when exercising the rights to purchase common shares under the new SABUY-W2 warrants.<\/p>

The company will issue and offer a total of 616,428,376 new SABUY-W2 warrants at no cost, allocated to existing shareholders in proportion to their shareholding (Rights Offering) at a ratio of 5 existing common shares for 2 warrants (any fractional shares will be disregarded). In the case of any remaining fractions of the new SABUY-W2 warrants after the allocation calculation, those fractions will be discarded entirely. The company has set the record date for determining the rights to receive the new SABUY-W2 warrants on September 2, 2022, and each new warrant will allow the holder to purchase one additional common share (this may change according to the terms of adjustment), with an exercise price of 5 Baht per share.<\/p>

Additionally, the board has scheduled an extraordinary general meeting of shareholders for August 9, 2022, to approve the amendment of the registered capital increase from 2,078,059,025 Baht to 2,249,389,341 Baht to accommodate the exercise of rights under the new SABUY-W2 warrants and to support a general mandate for capital increase to facilitate business expansion.<\/p>