According to TechFlame, according to Globenewswire, US stock listed mobile travel service provider Webus International Limited (WETO) signed a conditional securities purchase agreement with Ripple Strategy Holdings and received a preferential equity credit line of up to $100 million. After the US Securities and Exchange Commission (SEC) registration statement takes effect and the company's existing underwriters agree, the $100 million commitment will be issued within 24 months at the company's sole discretion, with an amount between $250,000 and $3 million per withdrawal, depending on market conditions and capital requirements. Webus International Limited announced on May 30 that it is exploring a $300 million financing strategy to establish an XRP reserve through diversified non-equity financing instruments.