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WeShop Holdings Ltd

For the period ended Dec 31, 2025. Filed Apr 30, 2026.

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About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2025 · Filed Apr 30, 2026

WSHP$2.12-6.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F

(Mark One)

☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

For the Fiscal Year Ended to December 31, 2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

OR

☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report:

Commission file number:001-42951

WeShop Holdings Limited

(Exact name of registrant as specified in its charter)

British Virgin Islands

(Jurisdiction of incorporation or organization)

Hawk House, 22 The Esplanade, JE1 1HH,

Jersey, Channel Islands

(Address of principal executive offices)

Johnny Hickling, Chief Finance Officer, (44) (808)196-8324, corporate@we.shop, Hawk House, 22 The Esplanade, St Helier, Jersey, JE1 1HH, Channel Islands

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A ordinary shares, no par valueWSHPThe Nasdaq Capital Market LLC

Securities registered or to be registered pursuant to Section 12(g) of the Act: None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.

Class A ordinary shares, no par value 10,963,783

Class B ordinary shares, no par value 12,500,000

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yeso No x

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Yeso No x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes x Noo

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes x Noo

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer," "accelerated filer,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filerxEmerging growth companyx

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

o

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

o

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

o

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).

o

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAPxInternational Financial Reporting Standards as issued by the International Accounting Standards BoardoOthero

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

o Item 17 o Item 18

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

Yeso Nox

Table of Contents

Page
Part I5
Item 1.Identity of Directors, Senior Management and Advisers5
Item 2.Offer Statistics and Expected Timetable5
Item 3.Key Information5
Risk Factors6
Item 4.Information on the Company23
Item 4A.History and Development of the Company23
Item 4B.Business Overview24
Item 4C.Organizational Structure30
Item 4D.Property, Plant and Equipment32
Item 5.Operating and Financial Review and Prospects32
Item 5A.Operating Results33
Item 5B.Liquidity and Capital Resources38
Item 5C.Research and Development40
Item 5D.Trend Information40
Item 6.Directors, Senior Management and Employees41
Item 7.Major Shareholders and Related Party Transactions48
Item 8.Financial Information52
Item 9.The Offer and Listing53
Item 10.Additional Information53
Item 11.Quantitative and Qualitative Disclosures About Market Risk63
Item 12.Description of Securities Other than Equity Securities63
Part II64
Item 13.Defaults, Dividend Arrerages and Delinquencies64
Item 14.Material Modifications to the Rights of Security Holders and Use of Proceeds64
Item 15.Controls and Procedures64
Item 16.[Reserved]65
Item 16A.Audit committee financial expert65
Item 16B.Code of Ethics65
Item 16C.Principal Accountant Fees and Services66
Item 16D.Exemptions from the Listing Standards for Audit Committees66
Item 16E.Purchases of Equity Securities by the Issuer and Affiliated Purchasers66
Item 16F.Change in Registrant's Certifying Accountant67
Item 16G.Corporate Governance67
Item 16H.Mine Safety Disclosure67
Item 16I.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections67
Item 16J.Insider trading policies67
Item 16K.Cybersecurity68
Part III70
Item 17.Financial StatementsF-1
Item 18.Exhibits94
Signatures95
ContentsView on SEC.gov

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