Wetouch Technology prices $38.8 million private placement at $1.25 per share

Reuters2026/07/31 21:23

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Wetouch Technology entered share purchase agreements on July 31, 2026 to sell 31,037,830 common shares in a private placement.
Deal priced at $1.25 per share for gross proceeds of $38.8 million; priced at a premium to market under Nasdaq rules.
Purchasers were controlling shareholders Qixun Technology Limited, Qihong Technology Limited; shares subject to a one-year lock-up.
Closing expected on or about Aug. 4, 2026, subject to customary conditions.
Proceeds earmarked for touch-screen complete systems via in-house development or acquisitions from established manufacturers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wetouch Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-084117), on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Wetouch Technology prices $38.8 million private placement at $1.25 per share

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