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On January 30, 2023, WPF Holdings (OTC PINK: WPFHD) announced a definitive agreement to acquire 100% of Vezbi, Inc. for 265 million common shares. The exchange ratio is set at 10 common shares of WPF for each share of Vezbi based on its last funding round. A Form 10 and S-1 registration statement will be filed with the SEC for uplisting. Vezbi is a community-driven Super App that consolidates daily tasks and prioritizes user accountability by avoiding algorithms, anonymity, and data selling. The app features tasks, events, messaging, and more, aiming to enhance its market share. WPF will also undergo a name change and new trading symbol application.
WPF Holdings (OTC PINK: WPFHD) has acquired the online and e-commerce assets of KPOP 1004, the largest K-Pop retailer in the U.S., solidifying its shift towards a more technology-driven approach. As part of the deal, KPOP 1004 will receive 10,000 shares of WPF common stock and become the exclusive distributor for K-Pop and K-Beauty products under a new subsidiary named K-Shop. This acquisition aims to enhance WPF Holdings’ online presence and sales, tapping into the $10.3 billion K-Beauty market, projected to grow to $31.6 billion by 2029. K-Shop will also set up kiosks in every KPOP 1004 location to facilitate online purchases.
WPF Holdings, Inc. (OTC PINK: WPFHD) has successfully completed its corporate restructuring, which included a redomiciling to Florida and a name change from World Poker Fund Holdings, Inc. The company has increased its authorized common shares to 500 million and executed a 500:1 reverse stock split. These changes aim to position WPF Holdings as a fully reporting SEC company and refocus its efforts on technology. Chief Technology Consultant Maurice Mills emphasized the importance of adapting to evolving technology solutions in multiple sectors. The firm specializes in e-commerce and digital consultancy, helping businesses enhance their online presence.
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